Franchise brands › Pirtek
Franchise brand116 approvals since FY2013
SBA loans to Pirtek 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 116 loan approvals since FY2013 under the Pirtek franchise brand, worth $59.8M; 68 of them came in FY2021 to FY2025.
In FY2025 there were 26, up 117% on FY2024. The average approval in the five-year window was $576K.
25 lenders made the FY2021 to FY2025 loans across 25 states; the most active were Citizens Bank (14), The Huntington National Bank (8) and Live Oak Banking Company (4).
These are loans to independent franchise owners, not to 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* | 22 | $12.6M | $571K | 0 | 172 |
| FY2025 | 26 | $15.8M | $606K | 0 | 168 |
| FY2024 | 12 | $6.5M | $543K | 0 | 97 |
| FY2023 | 13 | $4.1M | $316K | 0 | 72 |
| FY2022 | 4 | $900K | $225K | 0 | 37 |
| FY2021 | 13 | $11.9M | $916K | 0 | 140 |
| FY2020 | 6 | $2.2M | $370K | 0 | 35 |
| FY2019 | 3 | $884K | $295K | 0 | 21 |
| FY2018 | 0 | — | — | 0 | 0 |
| FY2017 | 5 | $1.8M | $368K | 0 | 19 |
| FY2016 | 1 | — | — | 0 | 8 |
SBA's franchise field lists the brand as "PIRTEK"; "Pirtek". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Pirtek | All SBA loans |
|---|---|---|
| Approvals in these years | 39 | 725,496 |
| Cancelled or never disbursed | 11 | 91,827 |
| Disbursed loans | 28 | 633,669 |
| Paid in full | 21 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 7 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Citizens BankElizabethton, TN | 14 | $6.4M | 20.6% | |
| 2 | The Huntington National BankColumbus, OH | 8 | $4.5M | 11.8% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 4 | $6.5M | 5.9% | |
| 4 | Zions Bank, A Division ofSalt Lake City, UT | 4 | $901K | 5.9% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $1.5M | 4.4% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 3 | $1.3M | 4.4% | |
| 7 | Georgia Banking CompanyAtlanta, GA | 2 | — | 2.9% | |
| 8 | KeyBank National AssociationCleveland, OH | 2 | — | 2.9% | |
| 9 | State BankBrownsburg, IN | 2 | — | 2.9% | |
| 10 | CDC Small Business Finance Corp.San Diego, CA | 2 | — | 2.9% | |
| 11 | Horizon BankMichigan City, IN | 2 | — | 2.9% | |
| 12 | Bank First, N.A.Manitowoc, WI | 2 | — | 2.9% | |
| 13 | Eastern BankBoston, MA | 2 | — | 2.9% | |
| 14 | Western Commerce BankCarlsbad, NM | 2 | — | 2.9% | |
| 15 | Vallant BankElberton, GA | 1 | — | 1.5% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 12 | 17.6% | |
| 2 | Ohio | 6 | 8.8% | |
| 3 | Utah | 5 | 7.4% | |
| 4 | Georgia | 5 | 7.4% | |
| 5 | Indiana | 5 | 7.4% | |
| 6 | Florida | 4 | 5.9% | |
| 7 | California | 4 | 5.9% | |
| 8 | Tennessee | 3 | 4.4% | |
| 9 | North Carolina | 3 | 4.4% | |
| 10 | New Jersey | 2 | 2.9% | |
| 11 | Colorado | 2 | 2.9% | |
| 12 | Michigan | 2 | 2.9% | |
| 13 | Wisconsin | 2 | 2.9% | |
| 14 | Massachusetts | 2 | 2.9% | |
| 15 | Illinois | 1 | 1.5% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 27 | 39.7% | |
| 2 | Electronic and Precision Equipment Repair and MaintenanceNAICS 8112 | 19 | 27.9% | |
| 3 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 6 | 8.8% | |
| 4 | Rubber Product ManufacturingNAICS 3262 | 5 | 7.4% | |
| 5 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 2.9% |
Approval sizes
- $50,000 or less8.8%6
- $50,001 to $150,00016.2%11
- $150,001 to $350,00016.2%11
- $350,001 to $1 million47.1%32
- $1 million to $2 million7.4%5
- Over $2 million4.4%3
Age of the businesses
- Existing, more than 2 years old19.1%13
- New business, 2 years or less20.6%14
- Startup, loan funds will open the business45.6%31
- Change of ownership14.7%10
Questions and answers
How many SBA loans go to Pirtek franchises?
116 approvals since FY2013, worth $59.8M; 68 in FY2021 to FY2025.
Which lenders make SBA loans for Pirtek franchises?
By approvals in FY2021 to FY2025: Citizens Bank (14), The Huntington National Bank (8), Live Oak Banking Company (4), Zions Bank, A Division of (4), Readycap Lending, LLC (3).
How large is a typical SBA loan for a Pirtek franchise?
The average approval in FY2021 to FY2025 was $576K.
What share of Pirtek SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Pirtek franchises rising?
Approvals in the three latest complete fiscal years total 51, against 23 in the three before: rising (+122%).
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