Franchise brands › PrimoHoagies
Franchise brand67 approvals since FY2010
SBA loans to PrimoHoagies 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 67 loan approvals since FY2010 under the PrimoHoagies franchise brand, worth $18.7M; 35 of them came in FY2021 to FY2025.
In FY2025 there were 2. The average approval in the five-year window was $345K.
18 lenders made the FY2021 to FY2025 loans across 9 states; the most active were Hancock Whitney Bank (5), The Huntington National Bank (4) and KeyBank National Association (3).
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* | 2 | — | — | 0 | 12 |
| FY2025 | 2 | — | — | 0 | 28 |
| FY2024 | 7 | $2.6M | $366K | 0 | 107 |
| FY2023 | 12 | $3.7M | $308K | 0 | 177 |
| FY2022 | 10 | $4.4M | $438K | 0 | 222 |
| FY2021 | 4 | $1.0M | $258K | 0 | 65 |
| FY2020 | 2 | — | — | 1 | 15 |
| FY2019 | 5 | $1.3M | $264K | 0 | 75 |
| FY2018 | 2 | — | — | 0 | 25 |
| FY2017 | 2 | — | — | 0 | 27 |
| FY2016 | 6 | $801K | $134K | 0 | 37 |
SBA's franchise field lists the brand as "PRIMOHOAGIES"; "PrimoHoagies". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | PrimoHoagies | All SBA loans |
|---|---|---|
| Approvals in these years | 34 | 725,496 |
| Cancelled or never disbursed | 5 | 91,827 |
| Disbursed loans | 29 | 633,669 |
| Paid in full | 19 | 471,304 |
| Charged off | 4 | 37,796 |
| Still outstanding (status exempt from disclosure) | 6 | 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 | Hancock Whitney BankGulfport, MS | 5 | $2.0M | 14.3% | |
| 2 | The Huntington National BankColumbus, OH | 4 | $835K | 11.4% | |
| 3 | KeyBank National AssociationCleveland, OH | 3 | $1.2M | 8.6% | |
| 4 | Wilmington Savings Fund Society FSBWilmington, DE | 3 | $1.2M | 8.6% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 3 | $1.2M | 8.6% | |
| 6 | TD Bank, National AssociationWilmington, DE | 3 | $150K | 8.6% | |
| 7 | Five Star BankRancho Cordova, CA | 2 | — | 5.7% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.7% | |
| 9 | First Merchants BankIndianapolis, IN | 1 | — | 2.9% | |
| 10 | Provident BankJersey City, NJ | 1 | — | 2.9% | |
| 11 | Truist BankCharlotte, NC | 1 | — | 2.9% | |
| 12 | Academy Bank National AssociationKansas City, MO | 1 | — | 2.9% | |
| 13 | New Valley Bank & TrustSpringfield, MA | 1 | — | 2.9% | |
| 14 | New York Business Development CorporationLatham, NY | 1 | — | 2.9% | |
| 15 | United Business BankWalnut Creek, CA | 1 | — | 2.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Pennsylvania | 13 | 37.1% | |
| 2 | Florida | 6 | 17.1% | |
| 3 | New Jersey | 6 | 17.1% | |
| 4 | Colorado | 3 | 8.6% | |
| 5 | New York | 2 | 5.7% | |
| 6 | Louisiana | 2 | 5.7% | |
| 7 | South Carolina | 1 | 2.9% | |
| 8 | North Carolina | 1 | 2.9% | |
| 9 | Massachusetts | 1 | 2.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 97.1% | |
| 2 | Limited-Service Eating PlacesNAICS 7222 | 1 | 2.9% |
Approval sizes
- $50,000 or less11.4%4
- $50,001 to $150,00014.3%5
- $150,001 to $350,00034.3%12
- $350,001 to $1 million37.1%13
- $1 million to $2 million2.9%1
Age of the businesses
- Existing, more than 2 years old5.7%2
- New business, 2 years or less22.9%8
- Startup, loan funds will open the business60.0%21
- Change of ownership8.6%3
- Not answered2.9%1
Questions and answers
How many SBA loans go to PrimoHoagies franchises?
67 approvals since FY2010, worth $18.7M; 35 in FY2021 to FY2025.
Which lenders make SBA loans for PrimoHoagies franchises?
By approvals in FY2021 to FY2025: Hancock Whitney Bank (5), The Huntington National Bank (4), KeyBank National Association (3), Wilmington Savings Fund Society FSB (3), BayFirst National Bank (3).
How large is a typical SBA loan for a PrimoHoagies franchise?
The average approval in FY2021 to FY2025 was $345K.
What share of PrimoHoagies 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 PrimoHoagies franchises rising?
Approvals in the three latest complete fiscal years total 21, against 16 in the three before: rising (+31%).
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