Franchise Failure Rates

SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026

Phillips 66 Franchise Failure Rate: 4.8% SBA Loan Defaults (2010–2019 Federal Data)

4.8%
charge-off rate on 21 SBA 7(a) loans to Phillips 66 franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Phillips 66 against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Phillips 66 4.8%; Gasoline Stations with Convenience Stores 3.9%; All franchises 10.2%Phillips 66 4.8%; Gasoline Stations with Convenience Stores 3.9%; All franchises 10.2%0%2%4%6%8%10%Phillips 664.8%Gasoline Stations withConvenience Stores3.9%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Phillips 66 4.8%; Gasoline Stations with Convenience Stores 3.9%; All franchises 10.2%Phillips 66 4.8%; Gasoline Stations with Convenience Stores 3.9%; All franchises 10.2%0%2%4%6%8%10%Phillips 664.8%Gasoline Stations with Convenience Stores3.9%All franchises10.2%

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.

About 1 in 21 Phillips 66 SBA borrowers failed to repay — above the Gasoline Stations with Convenience Stores average of 3.9%.

Between 2010 and 2019, 21 Phillips 66 franchisees financed with SBA 7(a) loans. 1 defaulted — a 4.8% charge-off rate, 1.2x the Gasoline Stations with Convenience Stores average of 3.9%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the Phillips 66 franchise failure rate on SBA loans?

Phillips 66 is a Gasoline Stations with Convenience Stores franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Phillips 66 franchisees: 21 loans approved between fiscal 2010 and 2019, of which 1 was charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.

How does Phillips 66 compare with other Gasoline Stations with Convenience Stores franchises?

The table sets Phillips 66's charge-off rate beside its Gasoline Stations with Convenience Stores peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.

Phillips 66 versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasurePhillips 66Gasoline Stations with Convenience StoresAll franchisesAll SBA borrowers
Default (charge-off) rate4.8%3.9%10.2%8.0%
Loans in sample21———
Defaults1———
Average loan size$1,268,771———
Charge-off rate by approval year — share of each fiscal year's Phillips 66 SBA 7(a) loans that later defaulted (FY2010–FY2019); years with fewer than 10 loans are outlined, not filled
Charge-off rate by approval year: FY2012 100% of 1 loans; FY2013 0% of 1 loans; FY2014 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 9 loans; FY2018 0% of 2 loansCharge-off rate by approval year: FY2012 100% of 1 loans; FY2013 0% of 1 loans; FY2014 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 9 loans; FY2018 0% of 2 loans0%5%10%100%2012n=10%2013n=10%2014n=60%2016n=20%2017n=90%2018n=2
Charge-off rate by approval year: FY2012 100% of 1 loans; FY2013 0% of 1 loans; FY2014 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 9 loans; FY2018 0% of 2 loansCharge-off rate by approval year: FY2012 100% of 1 loans; FY2013 0% of 1 loans; FY2014 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 9 loans; FY2018 0% of 2 loans0%5%10%100%’12n=10%’13n=10%’14n=60%’16n=20%’17n=90%’18n=2

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY201211100.0%
FY2013100.0%
FY2014600.0%
FY2016200.0%
FY2017900.0%
FY2018200.0%

How to read this

A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.

How reliable is this number?

Phillips 66's figure rests on 21 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, so the rate is a settled outcome, not a projection. With 21 resolved loans, one default moves the rate by about 4.8 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every Phillips 66 figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 21 resolved loans — directional, not precise.

Frequently asked

What is Phillips 66's franchise failure rate on SBA loans?
Between 2010 and 2019, 21 Phillips 66 franchisees financed with SBA 7(a) loans. 1 defaulted — a 4.8% charge-off rate, 1.2x the Gasoline Stations with Convenience Stores average of 3.9%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is Phillips 66 a safe franchise investment?
Between 2010–2019, Phillips 66 franchisees defaulted on SBA loans at 4.8% versus a 3.9% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). Phillips 66 franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 4.8% (1 of 21 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

https://franchisefailurerates.com/franchise/phillips-66/ · Data & methodology · Download the dataset (CSV)