Franchise brands › Phillips 66 Branded Reseller Agreement
Franchise brand81 approvals since FY2018
SBA loans to Phillips 66 Branded Reseller Agreement 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.
SBA lists 81 loan approvals since FY2018 under the Phillips 66 Branded Reseller Agreement franchise brand, worth $191M; 50 of them came in FY2021 to FY2025.
In FY2025 there were 12. The average approval in the five-year window was $2.6M, and 15 of the approvals were 504 loans.
28 lenders made the FY2021 to FY2025 loans across 7 states; the most active were Readycap Lending, LLC (5), Open Bank (4) and Commonwealth Business Bank (4).
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* | 9 | $16.3M | $1.8M | 4 | 78 |
| FY2025 | 12 | $30.1M | $2.5M | 5 | 103 |
| FY2024 | 6 | $14.1M | $2.3M | 2 | 50 |
| FY2023 | 9 | $31.0M | $3.4M | 2 | 120 |
| FY2022 | 7 | $19.7M | $2.8M | 3 | 134 |
| FY2021 | 16 | $37.1M | $2.3M | 3 | 200 |
| FY2020 | 11 | $24.4M | $2.2M | 1 | 109 |
| FY2019 | 6 | $8.9M | $1.5M | 1 | 66 |
| FY2018 | 5 | $9.7M | $1.9M | 1 | 18 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Phillips 66 Branded Reseller Agreement". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Phillips 66 Branded Reseller Agreement | All SBA loans |
|---|---|---|
| Approvals in these years | 38 | 725,496 |
| Cancelled or never disbursed | 6 | 91,827 |
| Disbursed loans | 32 | 633,669 |
| Paid in full | 24 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 8 | 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 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $14.3M | 10.0% | |
| 2 | Open BankLos Angeles, CA | 4 | $11.0M | 8.0% | |
| 3 | Commonwealth Business BankLos Angeles, CA | 4 | $10.0M | 8.0% | |
| 4 | Mortgage Capital Development CorporationOakland, CA · CDC | 4 | $5.6M | 8.0% | |
| 5 | US Metro BankGarden Grove, CA | 3 | $8.7M | 6.0% | |
| 6 | Bank of HopeLos Angeles, CA | 2 | — | 4.0% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 4.0% | |
| 8 | PCB BankLos Angeles, CA | 2 | — | 4.0% | |
| 9 | Enterprise Bank & TrustClayton, MO | 2 | — | 4.0% | |
| 10 | Advantage Certified Development CorporationLong Beach, CA · CDC | 2 | — | 4.0% | |
| 11 | Byline BankChicago, IL | 2 | — | 4.0% | |
| 12 | Small Business Growth CorporationSpringfield, IL · CDC | 2 | — | 4.0% | |
| 13 | Centerstone SBA Lending, Inc.Los Angeles, CA | 1 | — | 2.0% | |
| 14 | Mountain Pacific BankEverett, WA | 1 | — | 2.0% | |
| 15 | America First Federal Credit UnionRiverdale, UT | 1 | — | 2.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | California | 27 | 54.0% | |
| 2 | Washington | 16 | 32.0% | |
| 3 | Oregon | 2 | 4.0% | |
| 4 | Illinois | 2 | 4.0% | |
| 5 | Texas | 1 | 2.0% | |
| 6 | Nebraska | 1 | 2.0% | |
| 7 | South Dakota | 1 | 2.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Gasoline StationsNAICS 4571 | 31 | 62.0% | |
| 2 | Gasoline StationsNAICS 4471 | 16 | 32.0% | |
| 3 | Support Activities for Air TransportationNAICS 4881 | 2 | 4.0% | |
| 4 | Activities Related to Real EstateNAICS 5313 | 1 | 2.0% |
Approval sizes
- $150,001 to $350,0002.0%1
- $350,001 to $1 million10.0%5
- $1 million to $2 million22.0%11
- Over $2 million66.0%33
Age of the businesses
- Existing, more than 2 years old38.0%19
- New business, 2 years or less12.0%6
- Startup, loan funds will open the business22.0%11
- Change of ownership26.0%13
- Not answered2.0%1
Questions and answers
How many SBA loans go to Phillips 66 Branded Reseller Agreement franchises?
81 approvals since FY2018, worth $191M; 50 in FY2021 to FY2025.
Which lenders make SBA loans for Phillips 66 Branded Reseller Agreement franchises?
By approvals in FY2021 to FY2025: Readycap Lending, LLC (5), Open Bank (4), Commonwealth Business Bank (4), Mortgage Capital Development Corporation (4), US Metro Bank (3).
How large is a typical SBA loan for a Phillips 66 Branded Reseller Agreement franchise?
The average approval in FY2021 to FY2025 was $2.6M.
What share of Phillips 66 Branded Reseller Agreement SBA loans are charged off?
Of 32 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 Phillips 66 Branded Reseller Agreement franchises rising?
Approvals in the three latest complete fiscal years total 27, against 34 in the three before: falling (-21%).
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