Franchise brands › Popeyes Louisiana Kitchen
Franchise brand139 approvals since FY2013
SBA loans to Popeyes Louisiana Kitchen 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 FY2013, 139 SBA loan approvals worth $137M carry the Popeyes Louisiana Kitchen franchise code, 35 of them in FY2021 to FY2025.
In FY2025 there were 6. The average approval in the five-year window was $1.4M, and 16 of the approvals were 504 loans.
20 lenders made the FY2021 to FY2025 loans across 17 states; the most active were Peapack Private Bank and Trust (5), Iowa Business Growth Company (5) and Pan American Bank & Trust (3).
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* | 4 | $4.5M | $1.1M | 1 | 153 |
| FY2025 | 6 | $9.1M | $1.5M | 1 | 380 |
| FY2024 | 1 | — | — | 0 | 27 |
| FY2023 | 5 | $5.8M | $1.2M | 1 | 133 |
| FY2022 | 12 | $10.4M | $869K | 10 | 261 |
| FY2021 | 11 | $20.4M | $1.9M | 4 | 364 |
| FY2020 | 8 | $11.4M | $1.4M | 2 | 225 |
| FY2019 | 7 | $8.0M | $1.1M | 5 | 261 |
| FY2018 | 11 | $11.2M | $1.0M | 2 | 238 |
| FY2017 | 14 | $16.1M | $1.2M | 1 | 624 |
| FY2016 | 21 | $15.2M | $725K | 10 | 690 |
SBA's franchise field lists the brand as "POPEYES LOUISIANA KITCHEN"; "Popeyes Louisiana Kitchen". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Popeyes Louisiana Kitchen | All SBA loans |
|---|---|---|
| Approvals in these years | 111 | 725,496 |
| Cancelled or never disbursed | 20 | 91,827 |
| Disbursed loans | 91 | 633,669 |
| Paid in full | 70 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 21 | 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 | Peapack Private Bank and TrustBedminster, NJ | 5 | $6.3M | 14.3% | |
| 2 | Iowa Business Growth CompanyJohnston, IA · CDC | 5 | $3.4M | 14.3% | |
| 3 | Pan American Bank & TrustMelrose Park, IL | 3 | $7.2M | 8.6% | |
| 4 | Racine County Economic Development CorporationSturtevant, WI · CDC | 3 | $3.0M | 8.6% | |
| 5 | Florida Business Development CorporationTampa, FL · CDC | 3 | $2.0M | 8.6% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.7% | |
| 7 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.9% | |
| 8 | Byline BankChicago, IL | 1 | — | 2.9% | |
| 9 | One World BankDallas, TX | 1 | — | 2.9% | |
| 10 | United Community BankGreenville, SC | 1 | — | 2.9% | |
| 11 | Citizens BankElizabethton, TN | 1 | — | 2.9% | |
| 12 | Continental BankSalt Lake City, UT | 1 | — | 2.9% | |
| 13 | Bay Area Employment Development CompanyConcord, CA · CDC | 1 | — | 2.9% | |
| 14 | Camden National BankCamden, ME | 1 | — | 2.9% | |
| 15 | Mortgage Capital Development CorporationOakland, CA · CDC | 1 | — | 2.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Iowa | 5 | 14.3% | |
| 2 | Illinois | 4 | 11.4% | |
| 3 | Florida | 4 | 11.4% | |
| 4 | California | 3 | 8.6% | |
| 5 | New Jersey | 3 | 8.6% | |
| 6 | Wisconsin | 3 | 8.6% | |
| 7 | New York | 2 | 5.7% | |
| 8 | Arizona | 2 | 5.7% | |
| 9 | Texas | 1 | 2.9% | |
| 10 | Missouri | 1 | 2.9% | |
| 11 | Virginia | 1 | 2.9% | |
| 12 | Maine | 1 | 2.9% | |
| 13 | North Dakota | 1 | 2.9% | |
| 14 | South Dakota | 1 | 2.9% | |
| 15 | Pennsylvania | 1 | 2.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 97.1% | |
| 2 | Gasoline StationsNAICS 4471 | 1 | 2.9% |
Approval sizes
- $150,001 to $350,0002.9%1
- $350,001 to $1 million51.4%18
- $1 million to $2 million20.0%7
- Over $2 million25.7%9
Age of the businesses
- Existing, more than 2 years old45.7%16
- Startup, loan funds will open the business48.6%17
- Change of ownership5.7%2
Questions and answers
How many SBA loans go to Popeyes Louisiana Kitchen franchises?
139 approvals since FY2013, worth $137M; 35 in FY2021 to FY2025.
Which lenders make SBA loans for Popeyes Louisiana Kitchen franchises?
By approvals in FY2021 to FY2025: Peapack Private Bank and Trust (5), Iowa Business Growth Company (5), Pan American Bank & Trust (3), Racine County Economic Development Corporation (3), Florida Business Development Corporation (3).
How large is a typical SBA loan for a Popeyes Louisiana Kitchen franchise?
The average approval in FY2021 to FY2025 was $1.4M.
What share of Popeyes Louisiana Kitchen SBA loans are charged off?
Of 91 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 Popeyes Louisiana Kitchen franchises rising?
Approvals in the three latest complete fiscal years total 12, against 31 in the three before: falling (-61%).
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