Franchise brands › Smoothie King
Franchise brand443 approvals since FY2010
SBA loans to Smoothie King 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 FY2010, 443 SBA loan approvals worth $157M carry the Smoothie King franchise code, 143 of them in FY2021 to FY2025.
In FY2025 there were 24, up 85% on FY2024. The average approval in the five-year window was $480K, and 6 of the approvals were 504 loans.
31 lenders made the FY2021 to FY2025 loans across 23 states; the most active were Citizens Bank (17), The Huntington National Bank (13) and United Community Bank (7).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 3.1% 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* | 18 | $8.5M | $475K | 0 | 264 |
| FY2025 | 24 | $11.9M | $497K | 0 | 259 |
| FY2024 | 13 | $6.5M | $496K | 0 | 169 |
| FY2023 | 29 | $11.4M | $395K | 1 | 461 |
| FY2022 | 35 | $19.5M | $557K | 5 | 555 |
| FY2021 | 42 | $19.2M | $458K | 0 | 689 |
| FY2020 | 37 | $12.9M | $349K | 1 | 558 |
| FY2019 | 39 | $15.9M | $407K | 0 | 640 |
| FY2018 | 40 | $13.0M | $324K | 2 | 515 |
| FY2017 | 41 | $11.4M | $279K | 0 | 658 |
| FY2016 | 44 | $10.6M | $240K | 0 | 705 |
SBA's franchise field lists the brand as "SMOOTHIE KING"; "SMOOTHIE KING (HEALTH FOOD STORE)"; "Smoothie King". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Smoothie King | All SBA loans |
|---|---|---|
| Approvals in these years | 324 | 725,496 |
| Cancelled or never disbursed | 36 | 91,827 |
| Disbursed loans | 288 | 633,669 |
| Paid in full | 214 | 471,304 |
| Charged off | 9 | 37,796 |
| Still outstanding (status exempt from disclosure) | 65 | 124,569 |
| Charged off, share of disbursed loans | 3.1% | 6.0% |
| Dollars charged off, share of disbursed dollars | 2.2% | 2.2% |
| Dollars charged off | $1.9M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Citizens BankElizabethton, TN | 17 | $8.9M | 11.9% | |
| 2 | The Huntington National BankColumbus, OH | 13 | $3.1M | 9.1% | |
| 3 | United Community BankGreenville, SC | 7 | $3.5M | 4.9% | |
| 4 | First Bank of the LakeOsage Beach, MO | 6 | $3.3M | 4.2% | |
| 5 | The Bancorp Bank National AssociationSioux Falls, SD | 6 | $3.2M | 4.2% | |
| 6 | Customers BankMalvern, PA | 4 | $2.4M | 2.8% | |
| 7 | ConnectOne BankEnglewood Cliffs, NJ | 4 | $2.0M | 2.8% | |
| 8 | KeyBank National AssociationCleveland, OH | 4 | $1.9M | 2.8% | |
| 9 | b1BANKBaton Rouge, LA | 4 | $1.7M | 2.8% | |
| 10 | The American National Bank of TexasTerrell, TX | 3 | $3.3M | 2.1% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 3 | $1.7M | 2.1% | |
| 12 | Milestone BankSalt Lake City, UT | 3 | $1.5M | 2.1% | |
| 13 | Wilmington Savings Fund Society FSBWilmington, DE | 3 | $1.0M | 2.1% | |
| 14 | The State Bank and Trust CompanyDefiance, OH | 3 | $888K | 2.1% | |
| 15 | The Callaway BankFulton, MO | 3 | $884K | 2.1% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 35 | 24.5% | |
| 2 | Florida | 20 | 14.0% | |
| 3 | Georgia | 14 | 9.8% | |
| 4 | Illinois | 11 | 7.7% | |
| 5 | Colorado | 9 | 6.3% | |
| 6 | Ohio | 8 | 5.6% | |
| 7 | Maryland | 6 | 4.2% | |
| 8 | Indiana | 6 | 4.2% | |
| 9 | Missouri | 5 | 3.5% | |
| 10 | Pennsylvania | 4 | 2.8% | |
| 11 | Alabama | 4 | 2.8% | |
| 12 | Louisiana | 4 | 2.8% | |
| 13 | North Carolina | 3 | 2.1% | |
| 14 | Arizona | 3 | 2.1% | |
| 15 | South Carolina | 2 | 1.4% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 123 | 86.0% | |
| 2 | Specialty Food StoresNAICS 4452 | 10 | 7.0% | |
| 3 | Health and Personal Care StoresNAICS 4461 | 8 | 5.6% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 1 | 0.7% | |
| 5 | Grocery StoresNAICS 4451 | 1 | 0.7% |
Approval sizes
- $50,000 or less4.9%7
- $50,001 to $150,0004.2%6
- $150,001 to $350,00023.1%33
- $350,001 to $1 million60.8%87
- $1 million to $2 million7.0%10
Age of the businesses
- Existing, more than 2 years old10.5%15
- New business, 2 years or less14.0%20
- Startup, loan funds will open the business66.4%95
- Change of ownership9.1%13
Questions and answers
How many SBA loans go to Smoothie King franchises?
443 approvals since FY2010, worth $157M; 143 in FY2021 to FY2025.
Which lenders make SBA loans for Smoothie King franchises?
By approvals in FY2021 to FY2025: Citizens Bank (17), The Huntington National Bank (13), United Community Bank (7), First Bank of the Lake (6), The Bancorp Bank National Association (6).
How large is a typical SBA loan for a Smoothie King franchise?
The average approval in FY2021 to FY2025 was $480K.
What share of Smoothie King SBA loans are charged off?
Of 288 disbursed loans approved in FY2010 to FY2021, 9 (3.1%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Smoothie King franchises rising?
Approvals in the three latest complete fiscal years total 66, against 114 in the three before: falling (-42%).
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