Franchise Failure Rates

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

Pieology Franchise Failure Rate: 0.0% SBA Loan Defaults (2010–2019 Federal Data)

0.0%
charge-off rate on 20 SBA 7(a) loans to Pieology franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Pieology against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Pieology 0.0%; Full-Service Restaurants 9.6%; All franchises 10.2%Pieology 0.0%; Full-Service Restaurants 9.6%; All franchises 10.2%0%2%4%6%8%10%Pieology0.0%Full-Service Restaurants9.6%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Pieology 0.0%; Full-Service Restaurants 9.6%; All franchises 10.2%Pieology 0.0%; Full-Service Restaurants 9.6%; All franchises 10.2%0%2%4%6%8%10%Pieology0.0%Full-Service Restaurants9.6%All franchises10.2%

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

None of the 20 Pieology SBA borrowers in the sample failed to repay — well below the Full-Service Restaurants average of 9.6%.

Between 2010 and 2019, 20 Pieology franchisees financed with SBA 7(a) loans. None defaulted — a 0.0% charge-off rate, against a Full-Service Restaurants average of 9.6%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the Pieology franchise failure rate on SBA loans?

Pieology is a Full-Service Restaurants franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Pieology franchisees: 20 loans approved between fiscal 2010 and 2019, of which 0 were 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 Pieology compare with other Full-Service Restaurants franchises?

The table sets Pieology's charge-off rate beside its Full-Service Restaurants 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.

Pieology versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasurePieologyFull-Service RestaurantsAll franchisesAll SBA borrowers
Default (charge-off) rate0.0%9.6%10.2%8.0%
Loans in sample20———
Defaults0———
Average loan size$551,905———

What has Pieology SBA lending looked like since 2020?

Since 2020, Pieology franchisees have taken 2 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.

Charge-off rate by approval year — share of each fiscal year's Pieology 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: FY2014 0% of 4 loans; FY2015 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 5 loans; FY2018 0% of 3 loansCharge-off rate by approval year: FY2014 0% of 4 loans; FY2015 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 5 loans; FY2018 0% of 3 loans0%5%10%0%2014n=40%2015n=60%2016n=20%2017n=50%2018n=3
Charge-off rate by approval year: FY2014 0% of 4 loans; FY2015 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 5 loans; FY2018 0% of 3 loansCharge-off rate by approval year: FY2014 0% of 4 loans; FY2015 0% of 6 loans; FY2016 0% of 2 loans; FY2017 0% of 5 loans; FY2018 0% of 3 loans0%5%10%0%’14n=40%’15n=60%’16n=20%’17n=50%’18n=3

Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 1; FY2022 1Loans approved since 2020: FY2020 1; FY2022 11202012022
Loans approved since 2020: FY2020 1; FY2022 1Loans approved since 2020: FY2020 1; FY2022 11’201’22

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

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY2014400.0%
FY2015600.0%
FY2016200.0%
FY2017500.0%
FY2018300.0%
FY20201—outstanding
FY20221—outstanding

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?

Pieology's figure rests on 20 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 20 resolved loans, one default moves the rate by about 5.0 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 Pieology figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 20 resolved loans — directional, not precise.

Frequently asked

What is Pieology's franchise failure rate on SBA loans?
Between 2010 and 2019, 20 Pieology franchisees financed with SBA 7(a) loans. None defaulted — a 0.0% charge-off rate, against a Full-Service Restaurants average of 9.6%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is Pieology a safe franchise investment?
Between 2010–2019, Pieology franchisees defaulted on SBA loans at 0.0% versus a 9.6% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). Pieology franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 0.0% (0 of 20 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

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