Franchise financing
PAPA MURPHY'S franchise financing
What it costs to finance a PAPA MURPHY'S franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 133
- Total funded
- $34.9M
- Median loan
- $238K
- 7(a) charge-off
- 7.5%
What financing a PAPA MURPHY'S franchise costs
The median SBA loan to a PAPA MURPHY'S franchisee is $238K, and the middle half of PAPA MURPHY'S's 133 loans run $178K to $300K (average $262K). Across all SBA-financed franchises the median loan is $350K. PAPA MURPHY'S buyers borrow less than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median PAPA MURPHY'S loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 128 PAPA MURPHY'S loans where the SBA recorded a business age, 68.0% went to new businesses two years old or younger. The rest funded existing operations.
How to finance PAPA MURPHY'S
PAPA MURPHY'S franchisees have financed with 133 SBA loans since FY2010, averaging $262K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (133 of the 133 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
PAPA MURPHY'S's 7(a) charge-off rate is 7.5% across 133 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance PAPA MURPHY'S
By SBA loan count
Where PAPA MURPHY'S gets funded
Top states by loan count
- 1. Minnesota 18
- 2. California 15
- 3. Wisconsin 13
- 4. Florida 9
- 5. Colorado 11
- 6. Missouri 10
- 7. Montana 4
- 8. Texas 6
Financing a PAPA MURPHY'S?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
PAPA MURPHY'S SBA financing FAQ
How much does a PAPA MURPHY'S franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a PAPA MURPHY'S franchisee is $238K, and the middle half of PAPA MURPHY'S's 133 loans run $178K to $300K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of PAPA MURPHY'S's franchise disclosure document.
Can you use an SBA loan for PAPA MURPHY'S?
Yes. Lenders have funded 133 SBA loans to PAPA MURPHY'S franchisees, worth $34.9M in all, so PAPA MURPHY'S is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for PAPA MURPHY'S?
The data says yes: of PAPA MURPHY'S's 128 SBA loans that record a business age, 68.0% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance PAPA MURPHY'S?
By loan count, the most active SBA lenders for PAPA MURPHY'S are Stearns Bank National Association, CRF Small Business Loan Company, LLC, BMO Bank National Association, among others. A lender already active with your brand often moves faster.
What is PAPA MURPHY'S's SBA charge-off rate?
Across PAPA MURPHY'S's 133 SBA 7(a) loans, 7.5% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits PAPA MURPHY'S?
Mostly 7(a): 133 of PAPA MURPHY'S's 133 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median PAPA MURPHY'S loan term is 10 years.