Apple Spice Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
Apple Spice franchisees defaulted on 13.3% of SBA 7(a) loans between FY2010 and FY2019 — 2 of 15 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Caterers industry average of 9.7%.
- 13.3%SBA default rate, small sample2 of 15 loans
- 15loans resolvedapproved FY2010–FY2019
- 9.7%Caterers averageall SBA loans in the industry
- 10.2%all-franchise average7.8% non-franchised
| SBA default rate | 13.3% (small sample) |
|---|---|
| Loans approved | 15 |
| Loans charged off | 2 |
| Date range | FY2010–FY2019 |
| Industry | Caterers |
| Industry average | 9.7% |
| Data source | U.S. SBA 7(a) FOIA loan data |
Most SBA default figures published online use loans approved since 2020 — loans that have had six years or less to fail — so those rates are floors, not outcomes. Every rate on this site is computed from the matured FY2010–FY2019 cohort: loans that have been paid in full or charged off, so the result is settled. Loans approved since 2020 are shown as counts so early charge-offs are visible without being mistaken for a rate.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
2 of 15 Apple Spice SBA borrowers failed to repay — too few loans to call a rate; read it as a flag, not a verdict.
What is the Apple Spice franchise failure rate on SBA loans?
Apple Spice is a Caterers franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Apple Spice franchisees: 15 loans approved between fiscal 2010 and 2019, of which 2 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.
- SBA 7(a) loans approved FY2010–FY201915
- Charged off2
- Charge-off rate (small sample)13.3%
- Caterers franchise benchmark9.7%
- Brand vs industry1.4x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$268,360
- New SBA loans since 20208
- Early charge-offs since 20200
How does Apple Spice compare with other Caterers franchises?
The table sets Apple Spice's charge-off rate beside its Caterers 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.
| Measure | Apple Spice | Caterers | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 13.3% (small sample) | 9.7% | 10.2% | 8.0% |
| Loans in sample | 15 | — | — | — |
| Defaults | 2 | — | — | — |
| Average loan size | $268,360 | — | — | — |
What has Apple Spice SBA lending looked like since 2020?
Since 2020, Apple Spice franchisees have taken 8 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.
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.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
Show the numbers behind this chart
| Fiscal year | Loans | Charged off | Rate |
|---|---|---|---|
| FY2018 | 6 | 0 | 0.0% |
| FY2019 | 9 | 2 | 22.2% |
| FY2020 | 4 | — | outstanding |
| FY2022 | 2 | — | outstanding |
| FY2026 | 2 | — | 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?
Apple Spice's figure rests on 15 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the count is a settled outcome, not a projection. With 15 resolved loans, one default moves the rate by about 6.7 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 Apple Spice figure is recomputed from the public SBA FOIA file on each rebuild.
Small sample (15 loans). A single default moves this figure substantially.
Is Apple Spice in financial trouble? What the SBA data shows
Apple Spice's SBA 7(a) default rate was 13.3% for loans approved FY2010–FY2019 (2 of 15 loans charged off) — the only Caterers brand tracked here. A default rate close to the Caterers average of 9.7% is, on its own, neither a warning sign nor a reassurance. With only 15 loans in the sample, one default moves the rate by about 6.7 percentage points, so read it as a flag rather than a verdict.
Frequently asked
- What is Apple Spice's franchise failure rate?
- Apple Spice franchisees defaulted on 13.3% of SBA 7(a) loans between FY2010 and FY2019 — 2 of 15 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Caterers industry average of 9.7%.
- How does Apple Spice compare to other Caterers franchises?
- Apple Spice's 13.3% SBA default rate is higher than the Caterers industry average of 9.7%. See every Caterers franchise ranked on the Caterers industry page. Caterers franchises →
- What does 'SBA default rate' mean?
- An SBA default rate is the share of SBA 7(a) loans, approved FY2010–FY2019 and since resolved (paid in full or charged off), that were charged off — written off after the borrower failed to repay. It is not a measure of unit closures.
Source
Source: U.S. Small Business Administration, 7(a) loan program charge-off data, FY2010–FY2019. Franchise data is matched on the SBA's franchise code / brand name. "Failure rate" here means the share of approved loans (resolved: paid in full or charged off) that were charged off; it is not a measure of unit closures. Last updated September 30, 2026.
Every brand in one table, with percentiles and breakdowns by year, industry and loan size: franchise SBA default rates, all 415 brands.
Cite this page
Franchise Default Rates (2026). Apple Spice franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 13.3% (2 of 15 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/apple-spice/ · Data & methodology · Download the dataset (CSV)