Franchise brands › Pearle Vision
Franchise brand115 approvals since FY2012
SBA loans to Pearle Vision franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2012, 115 SBA loan approvals worth $56.3M carry the Pearle Vision franchise code, 25 of them in FY2021 to FY2025.
In FY2025 there were 2. The average approval in the five-year window was $601K.
18 lenders made the FY2021 to FY2025 loans across 15 states; the most active were Meridian Bank (3), TD Bank, National Association (2) and Seacoast National Bank (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 0.0% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 2 | — | — | 0 | 15 |
| FY2025 | 2 | — | — | 0 | 16 |
| FY2024 | 5 | $1.7M | $342K | 0 | 46 |
| FY2023 | 6 | $3.1M | $521K | 0 | 54 |
| FY2022 | 5 | $2.5M | $505K | 0 | 53 |
| FY2021 | 7 | $6.1M | $866K | 0 | 35 |
| FY2020 | 16 | $6.7M | $421K | 0 | 121 |
| FY2019 | 14 | $5.8M | $415K | 0 | 84 |
| FY2018 | 11 | $5.4M | $488K | 0 | 134 |
| FY2017 | 11 | $3.5M | $319K | 1 | 72 |
| FY2016 | 13 | $4.0M | $309K | 0 | 73 |
SBA's franchise field lists the brand as "PEARLE VISION"; "Pearle Vision". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Pearle Vision | All SBA loans |
|---|---|---|
| Approvals in these years | 95 | 725,496 |
| Cancelled or never disbursed | 9 | 91,827 |
| Disbursed loans | 86 | 633,669 |
| Paid in full | 67 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 19 | 124,569 |
| Charged off, share of disbursed loans | 0.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.0% | 2.2% |
| Dollars charged off | $0 | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Meridian BankMalvern, PA | 3 | $1.1M | 12.0% | |
| 2 | TD Bank, National AssociationWilmington, DE | 2 | — | 8.0% | |
| 3 | Seacoast National BankStuart, FL | 2 | — | 8.0% | |
| 4 | The Bancorp Bank National AssociationSioux Falls, SD | 2 | — | 8.0% | |
| 5 | First Merchants BankIndianapolis, IN | 2 | — | 8.0% | |
| 6 | Colony BankFitzgerald, GA | 2 | — | 8.0% | |
| 7 | Citizens Bank, National AssociationProvidence, RI | 1 | — | 4.0% | |
| 8 | EagleBankBethesda, MD | 1 | — | 4.0% | |
| 9 | Dairy State BankRice Lake, WI | 1 | — | 4.0% | |
| 10 | BancFirstOklahoma City, OK | 1 | — | 4.0% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 1 | — | 4.0% | |
| 12 | Zions Bank, A Division ofSalt Lake City, UT | 1 | — | 4.0% | |
| 13 | BankVistaSartell, MN | 1 | — | 4.0% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 1 | — | 4.0% | |
| 15 | Commercial Bank of CaliforniaIrvine, CA | 1 | — | 4.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Minnesota | 4 | 16.0% | |
| 2 | Pennsylvania | 4 | 16.0% | |
| 3 | California | 3 | 12.0% | |
| 4 | Massachusetts | 2 | 8.0% | |
| 5 | Florida | 2 | 8.0% | |
| 6 | New York | 1 | 4.0% | |
| 7 | Maryland | 1 | 4.0% | |
| 8 | Oklahoma | 1 | 4.0% | |
| 9 | Kentucky | 1 | 4.0% | |
| 10 | Colorado | 1 | 4.0% | |
| 11 | New Jersey | 1 | 4.0% | |
| 12 | Arizona | 1 | 4.0% | |
| 13 | Virginia | 1 | 4.0% | |
| 14 | Michigan | 1 | 4.0% | |
| 15 | Texas | 1 | 4.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 19 | 76.0% | |
| 2 | Health and Personal Care RetailersNAICS 4561 | 5 | 20.0% | |
| 3 | Health and Personal Care StoresNAICS 4461 | 1 | 4.0% |
Approval sizes
- $50,000 or less4.0%1
- $50,001 to $150,0004.0%1
- $150,001 to $350,00016.0%4
- $350,001 to $1 million68.0%17
- $1 million to $2 million8.0%2
Age of the businesses
- Existing, more than 2 years old28.0%7
- New business, 2 years or less16.0%4
- Startup, loan funds will open the business40.0%10
- Change of ownership16.0%4
Questions and answers
How many SBA loans go to Pearle Vision franchises?
115 approvals since FY2012, worth $56.3M; 25 in FY2021 to FY2025.
Which lenders make SBA loans for Pearle Vision franchises?
By approvals in FY2021 to FY2025: Meridian Bank (3), TD Bank, National Association (2), Seacoast National Bank (2), The Bancorp Bank National Association (2), First Merchants Bank (2).
How large is a typical SBA loan for a Pearle Vision franchise?
The average approval in FY2021 to FY2025 was $601K.
What share of Pearle Vision SBA loans are charged off?
Of 86 disbursed loans approved in FY2010 to FY2021, 0 (0.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Pearle Vision franchises rising?
Approvals in the three latest complete fiscal years total 13, against 28 in the three before: falling (-54%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error