Franchise brands › True Value Company LLC
Franchise brand80 approvals since FY2015
SBA loans to True Value Company LLC 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 FY2015, 80 SBA loan approvals worth $62.5M carry the True Value Company LLC franchise code, 37 of them in FY2021 to FY2025.
In FY2025 there were 3, down 70% on FY2024. The average approval in the five-year window was $1.0M, and 12 of the approvals were 504 loans.
29 lenders made the FY2021 to FY2025 loans across 21 states; the most active were Newtek Small Business Finance, Inc. (4), Byline Bank (3) and Empire State Certified Development Corporation (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 2.3% 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* | 3 | $710K | $237K | 0 | 21 |
| FY2025 | 3 | $5.6M | $1.9M | 1 | 36 |
| FY2024 | 10 | $11.4M | $1.1M | 2 | 100 |
| FY2023 | 5 | $4.0M | $804K | 0 | 42 |
| FY2022 | 8 | $7.4M | $930K | 4 | 47 |
| FY2021 | 11 | $10.3M | $938K | 5 | 117 |
| FY2020 | 7 | $2.9M | $419K | 1 | 75 |
| FY2019 | 15 | $8.0M | $531K | 3 | 168 |
| FY2018 | 16 | $8.7M | $542K | 2 | 221 |
| FY2017 | 1 | — | — | 1 | 12 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "True Value Company LLC - Member Agreement". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | True Value Company LLC | All SBA loans |
|---|---|---|
| Approvals in these years | 51 | 725,496 |
| Cancelled or never disbursed | 8 | 91,827 |
| Disbursed loans | 43 | 633,669 |
| Paid in full | 24 | 471,304 |
| Charged off | 1 | 37,796 |
| Still outstanding (status exempt from disclosure) | 18 | 124,569 |
| Charged off, share of disbursed loans | 2.3% | 6.0% |
| Dollars charged off, share of disbursed dollars | 2.9% | 2.2% |
| Dollars charged off | $836K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $4.9M | 10.8% | |
| 2 | Byline BankChicago, IL | 3 | $3.3M | 8.1% | |
| 3 | Empire State Certified Development CorporationLatham, NY · CDC | 2 | — | 5.4% | |
| 4 | KeyBank National AssociationCleveland, OH | 2 | — | 5.4% | |
| 5 | Old National BankEvansville, IN | 2 | — | 5.4% | |
| 6 | Stone BankMountain View, AR | 1 | — | 2.7% | |
| 7 | Equity BankAndover, KS | 1 | — | 2.7% | |
| 8 | Region IV Development CorporationTwin Falls, ID · CDC | 1 | — | 2.7% | |
| 9 | City State BankNorwalk, IA | 1 | — | 2.7% | |
| 10 | Trenton Business Assistance CorporationPrinceton, NJ · CDC | 1 | — | 2.7% | |
| 11 | Business Finance CapitalLos Angeles, CA · CDC | 1 | — | 2.7% | |
| 12 | New York Business Development CorporationLatham, NY | 1 | — | 2.7% | |
| 13 | Central BankTampa, FL | 1 | — | 2.7% | |
| 14 | Racine County Economic Development CorporationSturtevant, WI · CDC | 1 | — | 2.7% | |
| 15 | East-Central Idaho Development CompanyRexburg, ID · CDC | 1 | — | 2.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Missouri | 4 | 10.8% | |
| 2 | New York | 3 | 8.1% | |
| 3 | Indiana | 3 | 8.1% | |
| 4 | Illinois | 3 | 8.1% | |
| 5 | Wisconsin | 3 | 8.1% | |
| 6 | Texas | 2 | 5.4% | |
| 7 | Idaho | 2 | 5.4% | |
| 8 | Washington | 2 | 5.4% | |
| 9 | Florida | 2 | 5.4% | |
| 10 | Michigan | 2 | 5.4% | |
| 11 | Kansas | 1 | 2.7% | |
| 12 | California | 1 | 2.7% | |
| 13 | Iowa | 1 | 2.7% | |
| 14 | New Jersey | 1 | 2.7% | |
| 15 | Hawaii | 1 | 2.7% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Material and Supplies DealersNAICS 4441 | 34 | 91.9% | |
| 2 | Grocery StoresNAICS 4451 | 1 | 2.7% | |
| 3 | General Rental CentersNAICS 5323 | 1 | 2.7% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 1 | 2.7% |
Approval sizes
- $50,001 to $150,0008.1%3
- $150,001 to $350,00024.3%9
- $350,001 to $1 million32.4%12
- $1 million to $2 million18.9%7
- Over $2 million16.2%6
Age of the businesses
- Existing, more than 2 years old43.2%16
- New business, 2 years or less13.5%5
- Startup, loan funds will open the business18.9%7
- Change of ownership24.3%9
Questions and answers
How many SBA loans go to True Value Company LLC franchises?
80 approvals since FY2015, worth $62.5M; 37 in FY2021 to FY2025.
Which lenders make SBA loans for True Value Company LLC franchises?
By approvals in FY2021 to FY2025: Newtek Small Business Finance, Inc. (4), Byline Bank (3), Empire State Certified Development Corporation (2), KeyBank National Association (2), Old National Bank (2).
How large is a typical SBA loan for a True Value Company LLC franchise?
The average approval in FY2021 to FY2025 was $1.0M.
What share of True Value Company LLC SBA loans are charged off?
Of 43 disbursed loans approved in FY2010 to FY2021, 1 (2.3%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to True Value Company LLC franchises rising?
Approvals in the three latest complete fiscal years total 18, against 26 in the three before: falling (-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