Franchise brands › Primrose Schools
Franchise brand583 approvals since FY2010
SBA loans to Primrose Schools 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 583 loan approvals since FY2010 under the Primrose Schools franchise brand, worth $1.32bn; 223 of them came in FY2021 to FY2025.
In FY2025 there were 44, up 38% on FY2024. The average approval in the five-year window was $2.0M, and 86 of the approvals were 504 loans.
50 lenders made the FY2021 to FY2025 loans across 34 states; the most active were Live Oak Banking Company (31), Bank Five Nine (15) and America First Federal Credit Union (14).
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* | 42 | $103M | $2.5M | 18 | 1,109 |
| FY2025 | 44 | $75.9M | $1.7M | 15 | 1,282 |
| FY2024 | 32 | $55.4M | $1.7M | 14 | 929 |
| FY2023 | 42 | $88.0M | $2.1M | 16 | 1,375 |
| FY2022 | 48 | $105M | $2.2M | 28 | 1,307 |
| FY2021 | 57 | $119M | $2.1M | 13 | 1,740 |
| FY2020 | 42 | $81.8M | $1.9M | 16 | 1,162 |
| FY2019 | 39 | $93.2M | $2.4M | 14 | 1,141 |
| FY2018 | 43 | $119M | $2.8M | 13 | 1,390 |
| FY2017 | 46 | $96.7M | $2.1M | 12 | 1,417 |
| FY2016 | 43 | $120M | $2.8M | 7 | 1,159 |
SBA's franchise field lists the brand as "PRIMROSE SCHOOLS"; "Primrose Schools". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Primrose Schools | All SBA loans |
|---|---|---|
| Approvals in these years | 375 | 725,496 |
| Cancelled or never disbursed | 30 | 91,827 |
| Disbursed loans | 345 | 633,669 |
| Paid in full | 193 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 152 | 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 | Live Oak Banking CompanyWilmington, NC | 31 | $73.5M | 13.9% | |
| 2 | Bank Five NineOconomowoc, WI | 15 | $8.9M | 6.7% | |
| 3 | America First Federal Credit UnionRiverdale, UT | 14 | $24.9M | 6.3% | |
| 4 | TD Bank, National AssociationWilmington, DE | 14 | $20.2M | 6.3% | |
| 5 | Regions BankBirmingham, AL | 14 | $14.7M | 6.3% | |
| 6 | Customers BankMalvern, PA | 9 | $22.0M | 4.0% | |
| 7 | Mortgage Capital Development CorporationOakland, CA · CDC | 8 | $16.5M | 3.6% | |
| 8 | Capital Certified Development CorporationAustin, TX · CDC | 7 | $16.3M | 3.1% | |
| 9 | B:Side CapitalDenver, CO · CDC | 7 | $13.3M | 3.1% | |
| 10 | Empire State Certified Development CorporationLatham, NY · CDC | 6 | $13.4M | 2.7% | |
| 11 | Capital Partners Certified Development CompanyAtlanta, GA · CDC | 6 | $9.0M | 2.7% | |
| 12 | Rural Enterprises of Oklahoma, Inc.Durant, OK · CDC | 5 | $12.7M | 2.2% | |
| 13 | Amplio Economic Development CorporationArden Hills, MN · CDC | 5 | $9.8M | 2.2% | |
| 14 | Paragon BankMemphis, TN | 4 | $11.7M | 1.8% | |
| 15 | Pinnacle BankNashville, TN | 4 | $9.2M | 1.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 27 | 12.1% | |
| 2 | Colorado | 20 | 9.0% | |
| 3 | Georgia | 20 | 9.0% | |
| 4 | North Carolina | 16 | 7.2% | |
| 5 | New Jersey | 12 | 5.4% | |
| 6 | California | 11 | 4.9% | |
| 7 | Florida | 10 | 4.5% | |
| 8 | Massachusetts | 9 | 4.0% | |
| 9 | Oklahoma | 9 | 4.0% | |
| 10 | Illinois | 8 | 3.6% | |
| 11 | Ohio | 7 | 3.1% | |
| 12 | Maryland | 7 | 3.1% | |
| 13 | Minnesota | 6 | 2.7% | |
| 14 | Virginia | 6 | 2.7% | |
| 15 | Indiana | 5 | 2.2% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Child Day Care ServicesNAICS 6244 | 194 | 87.0% | |
| 2 | Elementary and Secondary SchoolsNAICS 6111 | 15 | 6.7% | |
| 3 | Individual and Family ServicesNAICS 6241 | 8 | 3.6% | |
| 4 | Other Schools and InstructionNAICS 6116 | 5 | 2.2% | |
| 5 | Educational Support ServicesNAICS 6117 | 1 | 0.4% |
Approval sizes
- $50,000 or less0.4%1
- $50,001 to $150,0003.6%8
- $150,001 to $350,00013.0%29
- $350,001 to $1 million18.8%42
- $1 million to $2 million19.3%43
- Over $2 million44.8%100
Age of the businesses
- Existing, more than 2 years old28.7%64
- New business, 2 years or less13.9%31
- Startup, loan funds will open the business37.7%84
- Change of ownership19.7%44
Questions and answers
How many SBA loans go to Primrose Schools franchises?
583 approvals since FY2010, worth $1.32bn; 223 in FY2021 to FY2025.
Which lenders make SBA loans for Primrose Schools franchises?
By approvals in FY2021 to FY2025: Live Oak Banking Company (31), Bank Five Nine (15), America First Federal Credit Union (14), TD Bank, National Association (14), Regions Bank (14).
How large is a typical SBA loan for a Primrose Schools franchise?
The average approval in FY2021 to FY2025 was $2.0M.
What share of Primrose Schools SBA loans are charged off?
Of 345 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 Primrose Schools franchises rising?
Approvals in the three latest complete fiscal years total 118, against 147 in the three before: falling (-20%).
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