PickUp USA
28
SBA Loans
$12.7M
Total Financed
$455K
Avg Loan Size
-60%
YoY Loan Growth
How PickUp USA Compares
- Ranks #43 of 302 Fitness & Recreation brands by SBA loan count (#391 of 3,543 overall).
- Its average loan of $455K is 30% above the Fitness & Recreation median of $350K.
- Its 3.6% charge-off rate compares to a 2.0% average across all Fitness & Recreation brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 1 | $345K |
| FY2021 | 2 | $1.1M |
| FY2022 | 7 | $2.7M |
| FY2023 | 10 | $4.9M |
| FY2024 | 5 | $2.1M |
| FY2025 | 2 | $1.2M |
| FY2026 | 1 | $275K |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where PickUp USA Is Getting SBA-Financed
Recent SBA-Financed PickUp USA Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is PickUp USA growing or shrinking?
PickUp USA's SBA loan count fell 60% year-over-year. A decline in SBA financing doesn't necessarily mean the brand is shrinking -- franchisees may be using other financing, or SBA lending patterns may have shifted broadly.
How much does it cost to open a PickUp USA franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $455K (30% above the typical Fitness & Recreation brand's $350K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for PickUp USA?
1 of 28 SBA loans to PickUp USA franchisees (3.6%) have been charged off since FY2020, compared to 2.0% across all Fitness & Recreation brands.
Top SBA Lenders
- First Internet Bank of Indiana6
- The Huntington National Bank6
- Wilmington Savings Fund Society FSB5
- First Bank of the Lake3
- Midwest Regional Bank2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset