{"citation":"SBA loans to Papa John's franchisees. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/franchises/papa-john-s/ Source: U.S. Small Business Administration, 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/franchises/papa-john-s/","title":"SBA loans to Papa John's franchisees","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"U.S. Small Business Administration, 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"},{"label":"13 CFR § 120.214(d)(4); SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.5 (Para. B begins p. 126)","url":"https://www.ecfr.gov/current/title-13/section-120.214"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 1, Para. C (p. 118)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 1, Para. C (p. 118); Sec. B, Ch. 2, Para. C (p. 127)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. A, Ch. 1, Para. G.5 (Para. G begins p. 30)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, App. 15, Para. A.1, Types of changes of ownership","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SBA Franchise Directory","url":"https://www.sba.gov/document/support-sba-franchise-directory"}],"data":{"brand":"Papa John's","kind":"franchise","sba_franchise_codes":["S1273"],"rows":[{"period":"October 2019 to June 2026","loans":57,"dollars":28727600,"median_loan":329000,"loan_p25":175000,"loan_p75":585000,"median_term_months":120,"median_spread_over_prime_points":2.25,"median_rate_at_approval_pct":null,"sba_express_share_pct":24.6,"line_of_credit_share_pct":15.8},{"period":"October 2023 to June 2026","loans":18,"dollars":10604500,"median_loan":499750,"loan_p25":140750,"loan_p75":956000,"median_term_months":120,"median_spread_over_prime_points":2.0,"median_rate_at_approval_pct":10.5,"sba_express_share_pct":27.8,"line_of_credit_share_pct":null}],"top_lenders":[{"lender":"The Huntington National Bank","loans":11},{"lender":"United Business Bank","loans":8},{"lender":"Byline Bank","loans":7}],"top_states":[{"state":"California","loans":13},{"state":"Ohio","loans":8},{"state":"Minnesota","loans":6},{"state":"Georgia","loans":5}],"loans_by_size":[{"band":"$50,000 or less","loans":5},{"band":"$50,001 to $150,000","loans":7},{"band":"$150,001 to $350,000","loans":18},{"band":"$350,001 to $500,000","loans":6},{"band":"$500,001 to $1,000,000","loans":13},{"band":"$1,000,001 to $2,000,000","loans":7},{"band":"Over $2,000,000","loans":null}],"loans_by_business_age":[{"age":"In business more than 2 years","loans":21,"share_pct":36.8},{"age":"In business 2 years or less","loans":null,"share_pct":null},{"age":"Startup (the loan opens the business)","loans":11,"share_pct":19.3},{"age":"Change of ownership","loans":20,"share_pct":35.1},{"age":"Not answered","loans":null,"share_pct":null}],"charge_off":{"group":"loans approved October 2019 to September 2022","through":"2026-06-30","loans_in_group":32,"charged_off_loans":null,"rate_by_count_pct":null,"rate_by_dollars_pct":null}}}