Franchise brands › Schooley Mitchell
Franchise brand60 approvals since FY2018
SBA loans to Schooley Mitchell 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 60 loan approvals since FY2018 under the Schooley Mitchell franchise brand, worth $7.9M; 40 of them came in FY2021 to FY2025.
In FY2025 there were 7. The average approval in the five-year window was $135K.
7 lenders made the FY2021 to FY2025 loans across 22 states; the most active were United Midwest Savings Bank National Association (30), Readycap Lending, LLC (4) and BayFirst National Bank (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 29.0% as charged off, above 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* | 2 | — | — | 0 | 4 |
| FY2025 | 7 | $857K | $122K | 0 | 16 |
| FY2024 | 8 | $1.1M | $144K | 0 | 17 |
| FY2023 | 7 | $986K | $141K | 0 | 17 |
| FY2022 | 4 | $507K | $127K | 0 | 12 |
| FY2021 | 14 | $1.9M | $134K | 0 | 27 |
| FY2020 | 8 | $1.0M | $126K | 0 | 22 |
| FY2019 | 6 | $707K | $118K | 0 | 13 |
| FY2018 | 4 | $575K | $144K | 0 | 8 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Schooley Mitchell". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Schooley Mitchell | All SBA loans |
|---|---|---|
| Approvals in these years | 32 | 725,496 |
| Cancelled or never disbursed | 1 | 91,827 |
| Disbursed loans | 31 | 633,669 |
| Paid in full | 11 | 471,304 |
| Charged off | 9 | 37,796 |
| Still outstanding (status exempt from disclosure) | 11 | 124,569 |
| Charged off, share of disbursed loans | 29.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 22.3% | 2.2% |
| Dollars charged off | $914K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National AssociationDe Graff, OH | 30 | $4.3M | 75.0% | |
| 2 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $442K | 10.0% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 2 | — | 5.0% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 1 | — | 2.5% | |
| 5 | Simmons BankPine Bluff, AR | 1 | — | 2.5% | |
| 6 | CDC Small Business Finance Corp.San Diego, CA | 1 | — | 2.5% | |
| 7 | Northern Bank and Trust CompanyWoburn, MA | 1 | — | 2.5% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Florida | 7 | 17.5% | |
| 2 | Texas | 4 | 10.0% | |
| 3 | Pennsylvania | 3 | 7.5% | |
| 4 | Virginia | 2 | 5.0% | |
| 5 | Arizona | 2 | 5.0% | |
| 6 | Tennessee | 2 | 5.0% | |
| 7 | Georgia | 2 | 5.0% | |
| 8 | Ohio | 2 | 5.0% | |
| 9 | Colorado | 2 | 5.0% | |
| 10 | Massachusetts | 2 | 5.0% | |
| 11 | New Jersey | 1 | 2.5% | |
| 12 | Minnesota | 1 | 2.5% | |
| 13 | North Carolina | 1 | 2.5% | |
| 14 | South Carolina | 1 | 2.5% | |
| 15 | Oregon | 1 | 2.5% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 38 | 95.0% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 1 | 2.5% | |
| 3 | Business Schools and Computer and Management TrainingNAICS 6114 | 1 | 2.5% |
Approval sizes
- $50,000 or less5.0%2
- $50,001 to $150,00090.0%36
- $150,001 to $350,0005.0%2
Age of the businesses
- Existing, more than 2 years old5.0%2
- New business, 2 years or less2.5%1
- Startup, loan funds will open the business92.5%37
Questions and answers
How many SBA loans go to Schooley Mitchell franchises?
60 approvals since FY2018, worth $7.9M; 40 in FY2021 to FY2025.
Which lenders make SBA loans for Schooley Mitchell franchises?
By approvals in FY2021 to FY2025: United Midwest Savings Bank National Association (30), Readycap Lending, LLC (4), BayFirst National Bank (2), Manufacturers and Traders Trust Company (1), Simmons Bank (1).
How large is a typical SBA loan for a Schooley Mitchell franchise?
The average approval in FY2021 to FY2025 was $135K.
What share of Schooley Mitchell SBA loans are charged off?
Of 31 disbursed loans approved in FY2010 to FY2021, 9 (29.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Schooley Mitchell franchises rising?
Approvals in the three latest complete fiscal years total 22, against 26 in the three before: falling (-15%).
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