Franchise brands › redbox+
Franchise brand98 approvals since FY2016
SBA loans to redbox+ 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 FY2016, 98 SBA loan approvals worth $58.5M carry the redbox+ franchise code, 55 of them in FY2021 to FY2025.
In FY2025 there were 5. The average approval in the five-year window was $734K, and 1 of the approvals were 504 loans.
19 lenders made the FY2021 to FY2025 loans across 23 states; the most active were Celtic Bank Corporation (22), The Huntington National Bank (6) and FDIC - Community Bank & Trust-West Georgia (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* | 0 | — | — | 0 | 0 |
| FY2025 | 5 | $4.4M | $887K | 0 | 27 |
| FY2024 | 4 | $2.6M | $657K | 0 | 14 |
| FY2023 | 5 | $3.1M | $617K | 0 | 15 |
| FY2022 | 12 | $10.4M | $865K | 1 | 39 |
| FY2021 | 29 | $19.8M | $684K | 0 | 127 |
| FY2020 | 18 | $9.7M | $538K | 0 | 74 |
| FY2019 | 24 | $8.1M | $337K | 0 | 87 |
| FY2018 | 0 | — | — | 0 | 0 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 1 | — | — | 0 | 1 |
SBA's franchise field lists the brand as "redbox+". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | redbox+ | All SBA loans |
|---|---|---|
| Approvals in these years | 72 | 725,496 |
| Cancelled or never disbursed | 8 | 91,827 |
| Disbursed loans | 64 | 633,669 |
| Paid in full | 40 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 24 | 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 | Celtic Bank CorporationSalt Lake City, UT | 22 | $19.7M | 40.0% | |
| 2 | The Huntington National BankColumbus, OH | 6 | $5.6M | 10.9% | |
| 3 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 3 | $2.4M | 5.5% | |
| 4 | Univest Bank and Trust CoSouderton, PA | 3 | $1.6M | 5.5% | |
| 5 | SouthState Bank, National AssociationWinter Haven, FL | 3 | $1.3M | 5.5% | |
| 6 | Fidelity Deposit and Discount BankDunmore, PA | 3 | $711K | 5.5% | |
| 7 | TowneBankPortsmouth, VA | 2 | — | 3.6% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.6% | |
| 9 | Security National Bank of OmahaOmaha, NE | 1 | — | 1.8% | |
| 10 | Grasshopper Bank National AssociationNew York, NY | 1 | — | 1.8% | |
| 11 | Renasant BankTupelo, MS | 1 | — | 1.8% | |
| 12 | Emprise BankWichita, KS | 1 | — | 1.8% | |
| 13 | Business Finance CapitalLos Angeles, CA · CDC | 1 | — | 1.8% | |
| 14 | The Bank of HoustonHouston, MO | 1 | — | 1.8% | |
| 15 | Ameris BankAtlanta, GA | 1 | — | 1.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Pennsylvania | 8 | 14.5% | |
| 2 | Texas | 7 | 12.7% | |
| 3 | Ohio | 4 | 7.3% | |
| 4 | Tennessee | 4 | 7.3% | |
| 5 | Florida | 4 | 7.3% | |
| 6 | Nebraska | 3 | 5.5% | |
| 7 | Arizona | 2 | 3.6% | |
| 8 | Colorado | 2 | 3.6% | |
| 9 | California | 2 | 3.6% | |
| 10 | Nevada | 2 | 3.6% | |
| 11 | Massachusetts | 2 | 3.6% | |
| 12 | South Carolina | 2 | 3.6% | |
| 13 | Illinois | 2 | 3.6% | |
| 14 | Louisiana | 2 | 3.6% | |
| 15 | Michigan | 1 | 1.8% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Waste CollectionNAICS 5621 | 38 | 69.1% | |
| 2 | Remediation and Other Waste Management ServicesNAICS 5629 | 10 | 18.2% | |
| 3 | General Rental CentersNAICS 5323 | 2 | 3.6% | |
| 4 | Waste Treatment and DisposalNAICS 5622 | 2 | 3.6% | |
| 5 | Commercial and Industrial Machinery and Equipment Rental and LeasingNAICS 5324 | 1 | 1.8% |
Approval sizes
- $50,000 or less1.8%1
- $50,001 to $150,0007.3%4
- $150,001 to $350,0009.1%5
- $350,001 to $1 million61.8%34
- $1 million to $2 million18.2%10
- Over $2 million1.8%1
Age of the businesses
- Existing, more than 2 years old12.7%7
- New business, 2 years or less20.0%11
- Startup, loan funds will open the business60.0%33
- Change of ownership7.3%4
Questions and answers
How many SBA loans go to redbox+ franchises?
98 approvals since FY2016, worth $58.5M; 55 in FY2021 to FY2025.
Which lenders make SBA loans for redbox+ franchises?
By approvals in FY2021 to FY2025: Celtic Bank Corporation (22), The Huntington National Bank (6), FDIC - Community Bank & Trust-West Georgia (3), Univest Bank and Trust Co (3), SouthState Bank, National Association (3).
How large is a typical SBA loan for a redbox+ franchise?
The average approval in FY2021 to FY2025 was $734K.
What share of redbox+ SBA loans are charged off?
Of 64 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 redbox+ franchises rising?
Approvals in the three latest complete fiscal years total 14, against 59 in the three before: falling (-76%).
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