Papa Romano's
The total investment to open a Papa Romano's franchise ranges from $63,100 to $150,000.
What is the Papa Romano's franchise?
Papa Romano's is a restaurant offering quick service and meals for customers seeking convenient food. The estimated total initial investment to open is $63,100 to $150,000.
Papa Romano's was founded in 1970 and is headquartered in Dearborn, Michigan.
Loan Activity Score
25/100
SBA Default Rate
12.5%
Active Lenders
6
According to its Franchise Disclosure Document or public business records, Papa Romano's has 9 locations, all owned by franchisees. Public SBA loan records show 6 lenders made 8 loans to franchisees of Papa Romano's. PeerSense calculates Papa Romano's's score as 25 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1970 · 9 locations
$63,100 to $150,000
9
9 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Papa Romano's
8
Total SBA loans
$98K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Papa Romano's
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
12.5%
vs 10.3% peer avg
SBA Loans
8
Total Volume
$0.8M
Active Lenders
6
2 selective
States
3
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Papa Romano's based on SBA lending data
SBA Default Rate
12.5%
2.2% above peer avg
SBA Loan Volume
8 loans
Across 6 lenders
Lender Diversity
6 lenders
Avg 1.3 loans per lender
Investment Tier
Mid range investment
$63,100 to $150,000 total
Papa Romano's: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
1995
3 approvals. The best year on record for Papa Romano's.
Top SBA State
Michigan
7 SBA financed Papa Romano's locations, the densest operator footprint.
Average Loan Size
$123K
Median $75K. Use as a sizing anchor when modeling your own Papa Romano's unit.
Lender Concentration
55.6%
Concentrated
Share of Papa Romano's approvals captured by the top 3 SBA lenders.
Papa Romano's's SBA lending pipeline peaked in 1995 (3 approvals). The last five fiscal years account for 13% of cumulative volume ($320K approved). Operator density is highest in Michigan with 7 SBA financed locations. Average funded ticket sits at $123K, with the median at $75K. Lender mix is concentrated: the top three SBA lenders account for 55.6% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$653
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Papa Romano's, unit breakdown
Explore Funding for Papa Romano's
Our business financing consultants help connect you with the right lending partners. Referral fee paid at closing.
Or get an instant analysis
Scan Your Deal InstantlyPage Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman