7(a) + 504
SBA Franchise Lending Explorer
Compare franchise lending performance across SBA 7(a) loans (the most common SBA program, covering working capital, equipment, and real estate) and 504 loans (fixed-asset financing through Certified Development Companies). Filter by program, risk rating, and state.
A charge-off is a loan the lender wrote off as a loss after the borrower stopped paying; the charge-off rate is charged-off loans divided by all loans that have finished, paid in full or charged off. Loans still being repaid are not counted. The SBA charge-off report explains how the rates are built and which categories run highest.
SBA franchise lending by state
Every state's 7(a) and 504 franchise loans, charge-off rate and top lenders. Pick a state, or see the full list.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Source: SBA FOIA loan-level data, FY1992 to FY2026 approvals, as of December 31, 2025. Charge-off rates reflect cumulative experience of resolved loans. Rates for recent approval years are based on partial cohorts and will change as loans season.
This is an independent research tool and is not affiliated with, endorsed by, or a product of the U.S. Small Business Administration. Nothing here constitutes financial, lending, or legal advice. Methodology
Read the data: the 2026 franchise SBA charge-off report (every system, lender and state, with CSV downloads), or lending by city: Dallas, Houston, Atlanta, Phoenix, Denver, Chicago, Tampa, Orlando, Nashville, Charlotte.
National overview
- Lenders tracked
- 1,033
- Total loans
- 143,527
- Total volume
- $87.0B
- States
- 53
- 7(a) charge-off rate
- 16.0%
- 504 charge-off rate
- 13.7%
Loan charge-off rate by approval year
Each bar shows defaults for loans approved that year. Older loans have had more time to resolve, so early years appear higher.
7(a)
| Year | 7(a) charge-off rate | 7(a) loans | Maturity |
|---|---|---|---|
| 1992 | 9.4% | 1,138 | Mature |
| 1993 | 9.4% | 1,358 | Mature |
| 1994 | 11.6% | 1,791 | Mature |
| 1995 | 16.8% | 2,756 | Mature |
| 1996 | 16.3% | 2,751 | Mature |
| 1997 | 16.6% | 2,837 | Mature |
| 1998 | 18.2% | 2,271 | Mature |
| 1999 | 18.8% | 2,497 | Mature |
| 2000 | 19.1% | 2,699 | Mature |
| 2001 | 19.5% | 2,559 | Mature |
| 2002 | 17.0% | 3,646 | Mature |
| 2003 | 18.8% | 4,396 | Mature |
| 2004 | 20.9% | 4,677 | Mature |
| 2005 | 25.5% | 4,887 | Mature |
| 2006 | 35.5% | 3,134 | Mature |
| 2007 | 38.1% | 3,246 | Mature |
| 2008 | 32.8% | 2,990 | Mature |
| 2009 | 14.9% | 1,808 | Mature |
| 2010 | 8.8% | 2,046 | Mature |
| 2011 | 7.5% | 2,227 | Mature |
| 2012 | 7.1% | 2,193 | Mature |
| 2013 | 6.9% | 2,749 | Mature |
| 2014 | 8.1% | 4,076 | Mature |
| 2015 | 9.9% | 4,966 | Mature |
| 2016 | 11.2% | 4,595 | Mature |
| 2017 | 13.1% | 4,233 | Mature |
| 2018 | 13.1% | 4,470 | Maturing (rate will change) |
| 2019 | 10.9% | 3,681 | Maturing (rate will change) |
| 2020 | 7.8% | 2,608 | Maturing (rate will change) |
| 2021 | 6.4% | 2,756 | Maturing (rate will change) |
| 2022 | 9.0% | 1,367 | Maturing (rate will change) |
| 2023 | 9.5% | 842 | Maturing (rate will change) |
| 2024 | 2.3% | 258 | Maturing (rate will change) |
| 2025 | 0.0% | 42 | Maturing (rate will change) |
Lender rankings
Sorted by total loans, descending
294 lenders by total loans
| # | Lender↕ | Program | Loans↓ | Volume↕ | Avg loan↕ | Charge-off %↕ | Brands served↕ | Rating |
|---|---|---|---|---|---|---|---|---|
| 1 | TH The Huntington National Bank | 7(a) | 9,261 | $2.6B | $279K | 11.5% (average) | 1,705 | AVERAGE |
| 2 | WF Wells Fargo Bank National Association | 7(a) | 7,487 | $3.2B | $421K | 17.1% (elevated) | 1,592 | ELEVATED |
| 3 | UM United Midwest Savings Bank National Association | 7(a) | 4,281 | $895.2M | $209K | 36.5% (high risk) | 581 | CRITICAL |
| 4 | RL Readycap Lending, LLC | 7(a) | 4,149 | $2.3B | $543K | 32.4% (high risk) | 959 | CRITICAL |
| 5 | PB PNC Bank, National Association | 7(a) | 3,449 | $1.2B | $353K | 17.1% (elevated) | 982 | ELEVATED |
| 6 | SB Stearns Bank National Association | 7(a) | 3,342 | $976.0M | $292K | 13.0% (average) | 960 | AVERAGE |
| 7 | JC JPMorgan Chase Bank, National Association | 7(a) | 3,108 | $753.3M | $242K | 14.2% (average) | 1,093 | AVERAGE |
| 8 | BO Bank of America, National Association | 7(a) | 2,329 | $426.7M | $183K | 15.0% (elevated) | 733 | ELEVATED |
| 9 | UB U.S. Bank, National Association | 7(a) | 2,064 | $731.5M | $354K | 14.5% (average) | 855 | AVERAGE |
| 10 | LO Live Oak Banking Company | 7(a) | 1,972 | $2.4B | $1.2M | 2.3% (excellent) | 305 | EXCELLENT |
| 11 | CB Celtic Bank Corporation | 7(a) | 1,932 | $1.7B | $862K | 28.0% (high risk) | 750 | CRITICAL |
| 12 | SB Simmons Bank | 7(a) | 1,888 | $616.6M | $327K | 13.6% (average) | 424 | AVERAGE |
| 13 | CB Comerica Bank | 7(a) | 1,811 | $769.0M | $425K | 33.0% (high risk) | 416 | CRITICAL |
| 14 | MA Manufacturers and Traders Trust Company | 7(a) | 1,808 | $381.8M | $211K | 13.2% (average) | 748 | AVERAGE |
| 15 | TB TD Bank, National Association | 7(a) | 1,736 | $769.9M | $444K | 15.1% (elevated) | 646 | ELEVATED |
| 16 | KN KeyBank National Association | 7(a) | 1,530 | $600.1M | $392K | 11.7% (average) | 602 | AVERAGE |
| 17 | TB Truist Bank | 7(a) | 1,505 | $586.4M | $390K | 11.4% (average) | 629 | AVERAGE |
| 18 | ZB Zions Bank, A Division of | 7(a) | 1,421 | $384.8M | $271K | 15.6% (elevated) | 628 | ELEVATED |
| 19 | PB Popular Bank | 7(a) | 1,275 | $311.5M | $244K | 48.1% (high risk) | 276 | CRITICAL |
| 20 | CB Cadence Bank | 7(a) | 1,189 | $1.0B | $845K | 9.6% (good) | 586 | GOOD |
| 21 | CB Citizens Bank | 7(a) | 1,154 | $755.8M | $655K | 12.9% (average) | 459 | AVERAGE |
| 22 | BB BMO Bank National Association | 7(a) | 1,101 | $356.2M | $323K | 13.2% (average) | 452 | AVERAGE |
| 23 | CB Columbia Bank | 7(a) | 1,100 | $762.4M | $693K | 13.6% (average) | 459 | AVERAGE |
| 24 | FB First Bank of the Lake | 7(a) | 1,016 | $596.0M | $587K | 3.5% (excellent) | 400 | EXCELLENT |
| 25 | NS Newtek Small Business Finance, Inc. | 7(a) | 961 | $458.4M | $477K | 19.2% (elevated) | 505 | ELEVATED |
| 26 | BO Bank of Hope | 7(a) | 947 | $1.0B | $1.1M | 13.3% (average) | 341 | AVERAGE |
| 27 | BB Byline Bank | 7(a) | 944 | $925.7M | $981K | 16.3% (elevated) | 441 | ELEVATED |
| 28 | SB SouthState Bank, National Association | 7(a) | 942 | $608.0M | $645K | 10.4% (average) | 457 | AVERAGE |
| 29 | UC United Community Bank | 7(a) | 873 | $596.5M | $683K | 11.3% (average) | 332 | AVERAGE |
| 30 | FT Fifth Third Bank | 7(a) | 821 | $258.5M | $315K | 17.3% (elevated) | 390 | ELEVATED |
| 31 | FW First Western SBLC, Inc | 7(a) | 784 | $900.7M | $1.1M | 9.6% (good) | 196 | GOOD |
| 32 | G GBank | 7(a) | 742 | $2.1B | $2.8M | 2.5% (excellent) | 115 | EXCELLENT |
| 33 | ON Old National Bank | 7(a) | 717 | $315.6M | $440K | 9.9% (good) | 385 | GOOD |
| 34 | FB First-Citizens Bank & Trust Company | 7(a) | 710 | $408.0M | $575K | 18.7% (elevated) | 333 | ELEVATED |
| 35 | GC GE Capital Small Business Finance Corporation | 7(a) | 704 | $211.3M | $300K | 27.8% (high risk) | 171 | CRITICAL |
| 36 | FB First Bank | 7(a) | 701 | $428.7M | $612K | 30.6% (high risk) | 333 | CRITICAL |
| 37 | RB Regions Bank | 7(a) | 696 | $308.1M | $443K | 10.7% (average) | 330 | AVERAGE |
| 38 | TB The Bancorp Bank National Association | 7(a) | 622 | $406.2M | $653K | 11.8% (average) | 267 | AVERAGE |
| 39 | BO Banc of California | 7(a) | 612 | $506.7M | $828K | 12.6% (average) | 244 | AVERAGE |
| 40 | HB Hanmi Bank | 7(a) | 612 | $557.1M | $910K | 13.2% (average) | 264 | AVERAGE |
| 41 | AB Ameris Bank | 7(a) | 612 | $438.0M | $716K | 10.9% (average) | 317 | AVERAGE |
| 42 | FB Florida Business Development Corporation | 504 | 605 | $728.0M | $1.2M | 15.8% (elevated) | 278 | ELEVATED |
| 43 | CB Citizens Bank, National Association | 7(a) | 602 | $78.2M | $130K | 10.3% (average) | 264 | AVERAGE |
| 44 | WI WBD, Inc. | 504 | 558 | $473.8M | $849K | 8.5% (good) | 249 | GOOD |
| 45 | FI First Interstate Bank | 7(a) | 528 | $204.6M | $387K | 12.6% (average) | 281 | AVERAGE |
| 46 | FF Florida First Capital Finance | 504 | 515 | $674.5M | $1.3M | 12.4% (average) | 252 | AVERAGE |
| 47 | GC Gulf Coast Bank and Trust Company | 7(a) | 510 | $299.1M | $586K | 18.3% (elevated) | 252 | ELEVATED |
| 48 | BF Bank Five Nine | 7(a) | 498 | $355.9M | $715K | 8.3% (good) | 179 | GOOD |
| 49 | WS Wilmington Savings Fund Society FSB | 7(a) | 483 | $271.3M | $562K | 8.9% (good) | 213 | GOOD |
| 50 | FN First National Bank of Pennsylvania | 7(a) | 471 | $286.4M | $608K | 17.9% (elevated) | 245 | ELEVATED |
| 51 | BN BayFirst National Bank | 7(a) | 463 | $140.3M | $303K | 22.8% (high risk) | 309 | CRITICAL |
| 52 | PB Pinnacle Bank | 7(a) | 462 | $492.7M | $1.1M | 11.4% (average) | 279 | AVERAGE |
| 53 | BB Brookline Bank, a Division of Beacon Bank and Trust | 7(a) | 457 | $312.0M | $683K | 4.7% (excellent) | 248 | EXCELLENT |
| 54 | BL Business Loan Center, LLC | 7(a) | 455 | $383.3M | $842K | 26.4% (high risk) | 132 | CRITICAL |
| 55 | GB Glacier Bank | 7(a) | 454 | $204.9M | $451K | 7.0% (good) | 253 | GOOD |
| 56 | FF First Financial Bank | 7(a) | 445 | $255.1M | $573K | 12.5% (average) | 195 | AVERAGE |
| 57 | UB UMB Bank, National Association | 7(a) | 442 | $154.0M | $349K | 18.8% (elevated) | 223 | ELEVATED |
| 58 | CW Community West Bank | 7(a) | 438 | $127.4M | $291K | 38.6% (high risk) | 182 | CRITICAL |
| 59 | MW Mountain West Small Business Finance | 504 | 420 | $399.7M | $952K | 8.4% (good) | 201 | GOOD |
| 60 | BN BankUnited, National Association | 7(a) | 409 | $602.1M | $1.5M | 6.3% (good) | 197 | GOOD |
| 61 | BL Business Lenders, LLC | 7(a) | 401 | $115.1M | $287K | 32.5% (high risk) | 111 | CRITICAL |
| 62 | PB Peoples Bank | 7(a) | 399 | $520.0M | $1.3M | 6.4% (good) | 178 | GOOD |
| 63 | MC Mortgage Capital Development Corporation | 504 | 398 | $710.8M | $1.8M | 15.3% (elevated) | 218 | ELEVATED |
| 64 | CC Capital Certified Development | 504 | 395 | $553.7M | $1.4M | 22.0% (high risk) | 175 | CRITICAL |
| 65 | NB Northeast Bank | 7(a) | 393 | $240.9M | $613K | 35.4% (high risk) | 207 | CRITICAL |
| 66 | SB Synovus Bank | 7(a) | 388 | $212.5M | $548K | 17.3% (elevated) | 214 | ELEVATED |
| 67 | EB Enterprise Bank & Trust | 7(a) | 387 | $547.8M | $1.4M | 6.5% (good) | 233 | GOOD |
| 68 | CB Commonwealth Business Bank | 7(a) | 386 | $771.8M | $2.0M | 3.0% (excellent) | 181 | EXCELLENT |
| 69 | VN Valley National Bank | 7(a) | 385 | $130.5M | $339K | 15.9% (elevated) | 168 | ELEVATED |
| 70 | FC First Commonwealth Bank | 7(a) | 377 | $175.0M | $464K | 12.6% (average) | 190 | AVERAGE |
| 71 | OB Open Bank | 7(a) | 375 | $778.3M | $2.1M | 1.0% (excellent) | 170 | EXCELLENT |
| 72 | EW East West Bank | 7(a) | 373 | $215.4M | $578K | 9.8% (good) | 197 | GOOD |
| 73 | M MISSINGMAINBANKID | 7(a) | 371 | $120.1M | $324K | 3.6% (excellent) | 218 | EXCELLENT |
| 74 | SB Small Business Growth Corporation | 504 | 369 | $299.3M | $811K | 17.8% (elevated) | 187 | ELEVATED |
| 75 | B BancFirst | 7(a) | 368 | $128.4M | $349K | 14.3% (average) | 176 | AVERAGE |
| 76 | ES Empire State Certified Development Corporation | 504 | 365 | $486.7M | $1.3M | 10.2% (average) | 193 | AVERAGE |
| 77 | FB Frost Bank | 7(a) | 356 | $108.9M | $306K | 18.1% (elevated) | 208 | ELEVATED |
| 78 | WB Wallis Bank | 7(a) | 352 | $610.3M | $1.7M | 9.4% (good) | 178 | GOOD |
| 79 | CS CDC Small Business Finance Corp. | 504 | 351 | $441.0M | $1.3M | 7.7% (good) | 207 | GOOD |
| 80 | CO Capital One, National Association | 7(a) | 348 | $160.0M | $460K | 20.0% (high risk) | 195 | CRITICAL |
| 81 | LB LendingClub Bank, National Association | 7(a) | 339 | $283.0M | $835K | 18.9% (elevated) | 140 | ELEVATED |
| 82 | VL VelocitySBA, LLC | 7(a) | 334 | $144.3M | $432K | 24.5% (high risk) | 227 | CRITICAL |
| 83 | HW Hancock Whitney Bank | 7(a) | 333 | $98.1M | $294K | 11.7% (average) | 177 | AVERAGE |
| 84 | PB PromiseOne Bank | 7(a) | 330 | $515.5M | $1.6M | 3.5% (excellent) | 113 | EXCELLENT |
| 85 | FB Fulton Bank, National Association | 7(a) | 329 | $293.2M | $891K | 14.8% (average) | 183 | AVERAGE |
| 86 | FH First Horizon Bank | 7(a) | 328 | $121.1M | $369K | 15.7% (elevated) | 202 | ELEVATED |
| 87 | MB Minnesota Business Finance Corporation | 504 | 323 | $212.7M | $659K | 9.3% (good) | 153 | GOOD |
| 88 | BB Banner Bank | 7(a) | 320 | $128.4M | $401K | 12.9% (average) | 180 | AVERAGE |
| 89 | MC Michigan Certified Development Corporation | 504 | 316 | $297.6M | $942K | 15.9% (elevated) | 162 | ELEVATED |
| 90 | HB HomeTrust Bank | 7(a) | 313 | $449.0M | $1.4M | 2.0% (excellent) | 177 | EXCELLENT |
| 91 | MC Metro City Bank | 7(a) | 302 | $464.1M | $1.5M | 4.5% (excellent) | 170 | EXCELLENT |
| 92 | IB Independence Bank | 7(a) | 299 | $45.4M | $152K | 34.1% (high risk) | 44 | CRITICAL |
| 93 | PB PCB Bank | 7(a) | 289 | $425.6M | $1.5M | 6.9% (good) | 149 | GOOD |
| 94 | UM US Metro Bank | 7(a) | 283 | $678.3M | $2.4M | 6.5% (good) | 128 | GOOD |
| 95 | BC B:Side Capital | 504 | 281 | $291.3M | $1.0M | 9.5% (good) | 153 | GOOD |
| 96 | RM Rural Missouri, Inc. | 504 | 277 | $228.1M | $823K | 19.7% (elevated) | 152 | ELEVATED |
| 97 | BF Business Finance Group, Inc. | 504 | 270 | $283.6M | $1.1M | 15.2% (elevated) | 171 | ELEVATED |
| 98 | FN First National Bank of Omaha | 7(a) | 267 | $73.4M | $275K | 12.5% (average) | 170 | AVERAGE |
| 99 | FI First Internet Bank of Indiana | 7(a) | 267 | $255.5M | $957K | 11.8% (average) | 163 | AVERAGE |
| 100 | TC The Central Trust Bank | 7(a) | 265 | $53.4M | $201K | 13.5% (average) | 143 | AVERAGE |
| 101 | S5 SomerCor 504, Inc. | 504 | 264 | $275.0M | $1.0M | 17.0% (elevated) | 155 | ELEVATED |
| 102 | EB Evergreen Business Capital | 504 | 261 | $260.0M | $996K | 6.3% (good) | 149 | GOOD |
| 103 | AN American National Bank | 7(a) | 259 | $104.9M | $405K | 13.8% (average) | 72 | AVERAGE |
| 104 | MB Meadows Bank | 7(a) | 257 | $271.0M | $1.1M | 1.2% (excellent) | 82 | EXCELLENT |
| 105 | FD Federal Deposit Insurance Corporation | 7(a) | 256 | $112.7M | $440K | 20.1% (high risk) | 152 | CRITICAL |
| 106 | CS CDC Small Business Finance Corp. | 7(a) | 255 | $45.9M | $180K | 46.3% (high risk) | 163 | CRITICAL |
| 107 | UB United Business Bank | 7(a) | 251 | $314.6M | $1.3M | 11.6% (average) | 143 | AVERAGE |
| 108 | LF Loans from Old Closed Lenders | 7(a) | 250 | $128.0M | $512K | 9.2% (good) | 124 | GOOD |
| 109 | DS Dogwood State Bank | 7(a) | 245 | $181.9M | $742K | 1.5% (excellent) | 117 | EXCELLENT |
| 110 | RB Renasant Bank | 7(a) | 242 | $188.6M | $779K | 14.3% (average) | 185 | AVERAGE |
| 111 | MR Midwest Regional Bank | 7(a) | 241 | $111.7M | $463K | 26.1% (high risk) | 174 | CRITICAL |
| 112 | BP Banco Popular de Puerto Rico | 7(a) | 240 | $45.1M | $188K | 14.0% (average) | 89 | AVERAGE |
| 113 | CS CitiCapital Small Business Finance, Inc. | 7(a) | 239 | $37.8M | $158K | 53.1% (high risk) | 49 | CRITICAL |
| 114 | NT North Texas Certified Development Corporation | 504 | 239 | $302.4M | $1.3M | 25.6% (high risk) | 118 | CRITICAL |
| 115 | UB Unity Bank | 7(a) | 238 | $136.1M | $572K | 12.1% (average) | 104 | AVERAGE |
| 116 | GS Granite State Economic Development Corporation | 504 | 238 | $212.5M | $893K | 8.9% (good) | 147 | GOOD |
| 117 | CS CRF Small Business Loan Company, LLC | 7(a) | 235 | $80.9M | $344K | 14.1% (average) | 126 | AVERAGE |
| 118 | CB Customers Bank | 7(a) | 233 | $257.0M | $1.1M | 12.4% (average) | 91 | AVERAGE |
| 119 | CP Capital Partners Certified Development Company | 504 | 233 | $290.7M | $1.2M | 13.9% (average) | 132 | AVERAGE |
| 120 | SD Southern Development Council | 504 | 222 | $176.1M | $793K | 12.6% (average) | 107 | AVERAGE |
| 121 | AC Arizona Capital Source | 504 | 218 | $214.1M | $982K | 20.0% (high risk) | 122 | CRITICAL |
| 122 | IS Indiana Statewide Certified Development Corporation | 504 | 205 | $156.4M | $763K | 21.9% (high risk) | 108 | CRITICAL |
| 123 | TC Twin Cities-Metro Certified Development Company | 504 | 204 | $148.6M | $729K | 16.1% (elevated) | 107 | ELEVATED |
| 124 | BE Business Expansion Funding Corporation | 504 | 198 | $210.0M | $1.1M | 15.2% (elevated) | 117 | ELEVATED |
| 125 | AD Alloy Development Co., Inc. | 504 | 180 | $175.1M | $973K | 14.8% (average) | 110 | AVERAGE |
| 126 | NE Nebraska Economic Development | 504 | 176 | $146.4M | $832K | 4.1% (excellent) | 91 | EXCELLENT |
| 127 | GE Greater East Texas Certified Development Company | 504 | 158 | $197.2M | $1.2M | 15.3% (elevated) | 102 | ELEVATED |
| 128 | TC Texas Certified Development Company, Inc. | 504 | 154 | $153.6M | $997K | 14.3% (average) | 78 | AVERAGE |
| 129 | NB Northwest Business Development Association | 504 | 154 | $205.2M | $1.3M | 5.0% (excellent) | 100 | EXCELLENT |
| 130 | PC Premier Capital Corporation | 504 | 151 | $112.7M | $746K | 13.5% (average) | 105 | AVERAGE |
| 131 | SS Sunshine State Economic Development Corporation | 504 | 148 | $157.3M | $1.1M | 32.1% (high risk) | 85 | CRITICAL |
| 132 | LI LiftFund, Inc. | 504 | 140 | $181.3M | $1.3M | 10.4% (average) | 103 | AVERAGE |
| 133 | IB Iowa Business Growth Company | 504 | 137 | $96.7M | $706K | 12.2% (average) | 78 | AVERAGE |
| 134 | BI Brightbridge, Inc. | 504 | 135 | $172.4M | $1.3M | 15.7% (elevated) | 79 | ELEVATED |
| 135 | GC Georgia Certified Development | 504 | 135 | $180.6M | $1.3M | 45.5% (high risk) | 76 | CRITICAL |
| 136 | HA Houston-Galveston Area Local Development Corporation | 504 | 133 | $128.8M | $968K | 20.0% (high risk) | 61 | CRITICAL |
| 137 | 5C 504 Capital Corporation | 504 | 131 | $149.2M | $1.1M | 23.1% (high risk) | 97 | CRITICAL |
| 138 | SB Small Business Access Partners, Inc. | 504 | 128 | $117.6M | $919K | 6.3% (good) | 81 | GOOD |
| 139 | CD Certified Development Corporation of South Carolina | 504 | 127 | $108.0M | $850K | 17.8% (elevated) | 73 | ELEVATED |
| 140 | BA Bay Area Employment Development Company | 504 | 122 | $177.8M | $1.5M | 2.9% (excellent) | 89 | EXCELLENT |
| 141 | AD Ally Dakota Development, Inc. | 504 | 120 | $82.0M | $683K | 4.4% (excellent) | 75 | EXCELLENT |
| 142 | IB Intermountain Business Lending, Inc. | 504 | 117 | $94.0M | $804K | 4.0% (excellent) | 79 | EXCELLENT |
| 143 | S- SBA - EDF Enforcement Action | 504 | 117 | $105.9M | $905K | 9.3% (good) | 68 | GOOD |
| 144 | EL Enchantment Land Certified Development Company | 504 | 116 | $97.5M | $840K | 17.4% (elevated) | 57 | ELEVATED |
| 145 | DB Dakota Business Lending | 504 | 115 | $74.5M | $648K | 8.1% (good) | 81 | GOOD |
| 146 | RE Rural Enterprises of Oklahoma, Inc. | 504 | 111 | $103.1M | $929K | 15.6% (elevated) | 59 | ELEVATED |
| 147 | SB Six Bridges Capital Corporation | 504 | 108 | $92.6M | $857K | 17.2% (elevated) | 63 | ELEVATED |
| 148 | GL Great Lakes Commercial Finance | 504 | 107 | $87.8M | $820K | 17.6% (elevated) | 78 | ELEVATED |
| 149 | AL Alliance Lending Corporation | 504 | 107 | $98.7M | $923K | 15.0% (elevated) | 52 | ELEVATED |
| 150 | BC Bay Colony Development Corporation | 504 | 107 | $120.1M | $1.1M | 10.8% (average) | 78 | AVERAGE |
| 151 | CC Cen Cal Business Finance Group | 504 | 106 | $128.6M | $1.2M | 1.5% (excellent) | 75 | EXCELLENT |
| 152 | CM Capital Matrix, Inc. | 504 | 105 | $87.8M | $837K | 7.0% (good) | 75 | GOOD |
| 153 | BC Birmingham Citywide Local Development Company | 504 | 102 | $84.4M | $828K | 18.4% (elevated) | 61 | ELEVATED |
| 154 | PP Pikes Peak Regional Development Corporation | 504 | 102 | $102.7M | $1.0M | 17.9% (elevated) | 75 | ELEVATED |
| 155 | AE Amplio Economic Development Corporation | 504 | 102 | $79.4M | $778K | 8.8% (good) | 72 | GOOD |
| 156 | FF Frontier Financial Partners, Inc. | 504 | 98 | $91.2M | $930K | 15.9% (elevated) | 54 | ELEVATED |
| 157 | NE New England Certified Development Corporation | 504 | 97 | $129.4M | $1.3M | 9.1% (good) | 75 | GOOD |
| 158 | BS Big Sky Economic Development Corporation | 504 | 96 | $66.0M | $688K | 4.0% (excellent) | 58 | EXCELLENT |
| 159 | CL CSRA Local Development Corporation | 504 | 96 | $78.2M | $815K | 15.9% (elevated) | 63 | ELEVATED |
| 160 | SE Siouxland Economic Development Corporation | 504 | 95 | $69.9M | $736K | 7.3% (good) | 48 | GOOD |
| 161 | CC Community Capital Development | 504 | 95 | $79.4M | $836K | 26.5% (high risk) | 61 | CRITICAL |
| 162 | CB Carolina Business Capital, Inc. | 504 | 92 | $83.4M | $907K | 7.7% (good) | 58 | GOOD |
| 163 | NS Nevada State Development Corporation | 504 | 90 | $88.7M | $986K | 25.4% (high risk) | 73 | CRITICAL |
| 164 | SV Self-Help Ventures Fund | 504 | 89 | $66.0M | $742K | 13.5% (average) | 53 | AVERAGE |
| 165 | GS Greater Sacramento Certified Development Corporation | 504 | 89 | $85.2M | $957K | 1.9% (excellent) | 63 | EXCELLENT |
| 166 | SE South Eastern Economic Development Company of Pennsylvania | 504 | 88 | $88.0M | $1000K | 8.9% (good) | 71 | GOOD |
| 167 | DB Dakota Business Finance | 504 | 86 | $90.0M | $1.0M | 0.0% (excellent) | 57 | EXCELLENT |
| 168 | CS California Statewide Certified Development Corporation | 504 | 83 | $87.8M | $1.1M | 0.0% (excellent) | 68 | EXCELLENT |
| 169 | BD Business Development Corporation (BDC) | 504 | 80 | $49.7M | $621K | 15.1% (elevated) | 54 | ELEVATED |
| 170 | SE Southland Economic Development Corporation | 504 | 80 | $54.9M | $686K | 11.1% (average) | 63 | AVERAGE |
| 171 | SC St. Charles County Economic Development Council | 504 | 79 | $58.4M | $739K | 10.0% (average) | 53 | AVERAGE |
| 172 | OS Ohio Statewide Development Corporation | 504 | 79 | $74.4M | $942K | 2.3% (excellent) | 62 | EXCELLENT |
| 173 | GC Growth Capital Corp. | 504 | 78 | $73.1M | $938K | 11.4% (average) | 54 | AVERAGE |
| 174 | CA Capital Access Corporation - Kentucky | 504 | 77 | $77.2M | $1.0M | 14.3% (average) | 52 | AVERAGE |
| 175 | CA Coastal Area District Development Authority, Inc. | 504 | 76 | $55.5M | $730K | 15.5% (elevated) | 48 | ELEVATED |
| 176 | RD Regional Development Funding Corporation | 504 | 74 | $70.6M | $954K | 4.0% (excellent) | 55 | EXCELLENT |
| 177 | RD Regional Development Company | 504 | 73 | $57.0M | $781K | 11.8% (average) | 54 | AVERAGE |
| 178 | AT AMPAC Tri-State CDC, Inc. | 504 | 72 | $79.3M | $1.1M | 5.3% (good) | 55 | GOOD |
| 179 | CC Community Certified Development Corporation | 504 | 69 | $105.3M | $1.5M | 12.5% (average) | 54 | AVERAGE |
| 180 | ID Independent Development Services Corporation | 504 | 67 | $108.1M | $1.6M | 20.0% (high risk) | 41 | CRITICAL |
| 181 | LC Louisiana Capital Certified Development Company, Inc. | 504 | 67 | $43.7M | $652K | 15.8% (elevated) | 47 | ELEVATED |
| 182 | SM Southeastern Minnesota 504 Development Corporation | 504 | 66 | $49.8M | $754K | 8.7% (good) | 42 | GOOD |
| 183 | GR GA Resource Capital, Inc. | 504 | 65 | $80.6M | $1.2M | 20.4% (high risk) | 45 | CRITICAL |
| 184 | WC Wyoming Capital Access | 504 | 64 | $59.2M | $925K | 7.3% (good) | 42 | GOOD |
| 185 | CV Community Ventures Corporation | 504 | 64 | $54.9M | $857K | 13.0% (average) | 49 | AVERAGE |
| 186 | CA Capital Access Group, Inc. | 504 | 63 | $66.2M | $1.1M | 3.5% (excellent) | 57 | EXCELLENT |
| 187 | AC Advantage Certified Development Corporation | 504 | 62 | $114.8M | $1.9M | 20.0% (high risk) | 46 | CRITICAL |
| 188 | BF Business Finance Capital | 504 | 62 | $112.0M | $1.8M | 8.3% (good) | 53 | GOOD |
| 189 | TB Trenton Business Assistance Corporation | 504 | 61 | $104.1M | $1.7M | 11.8% (average) | 50 | AVERAGE |
| 190 | AC Ameritrust CDC | 504 | 61 | $101.9M | $1.7M | 3.1% (excellent) | 53 | EXCELLENT |
| 191 | AC Alabama Community Development | 504 | 61 | $41.9M | $686K | 37.3% (high risk) | 37 | CRITICAL |
| 192 | MA Metro Area Development Corporation | 504 | 61 | $54.2M | $888K | 16.7% (elevated) | 37 | ELEVATED |
| 193 | PL Preferred Lending Partners | 504 | 59 | $66.7M | $1.1M | 12.5% (average) | 47 | AVERAGE |
| 194 | SD SBA Denver Finance Center | 504 | 57 | $43.2M | $758K | 24.5% (high risk) | 32 | CRITICAL |
| 195 | CC Cascade Capital Funding | 504 | 51 | $41.1M | $807K | 0.0% (excellent) | 40 | EXCELLENT |
| 196 | TR Three Rivers Local Development Company, Inc. | 504 | 50 | $64.7M | $1.3M | 19.4% (elevated) | 37 | ELEVATED |
| 197 | EI East-Central Idaho Development Company | 504 | 47 | $30.6M | $651K | 3.0% (excellent) | 38 | EXCELLENT |
| 198 | CB Caprock Business Finance Corporation, Inc. | 504 | 47 | $34.1M | $725K | 6.9% (good) | 39 | GOOD |
| 199 | HB Heartland Business Capital, Inc. | 504 | 46 | $40.3M | $876K | 3.1% (excellent) | 37 | EXCELLENT |
| 200 | AD Appalachian Development Corporation | 504 | 46 | $54.7M | $1.2M | 6.1% (good) | 30 | GOOD |
| 201 | CC Cascade Capital Corporation | 504 | 46 | $32.7M | $712K | 21.1% (high risk) | 38 | CRITICAL |
| 202 | MA Mid-Cumberland Area Development Corporation | 504 | 46 | $38.2M | $830K | 14.3% (average) | 31 | AVERAGE |
| 203 | SC Success Capital Expansion & Development Corporation | 504 | 45 | $47.3M | $1.1M | 8.7% (good) | 35 | GOOD |
| 204 | CB Chesapeake Business Finance Corporation | 504 | 44 | $65.5M | $1.5M | 11.1% (average) | 29 | AVERAGE |
| 205 | CM Central Mississippi Development Company | 504 | 44 | $54.1M | $1.2M | 22.9% (high risk) | 30 | CRITICAL |
| 206 | CI Community Investment Corporation | 504 | 44 | $59.0M | $1.3M | 6.3% (good) | 38 | GOOD |
| 207 | TP Texas Panhandle Regional Development Corporation | 504 | 43 | $50.1M | $1.2M | 7.1% (good) | 29 | GOOD |
| 208 | CE Community Economic Development Company of Colorado | 504 | 43 | $37.9M | $882K | 11.8% (average) | 32 | AVERAGE |
| 209 | ED Enterprise Development Corporation | 504 | 41 | $32.0M | $781K | 20.6% (high risk) | 30 | CRITICAL |
| 210 | OC Oakland County Business Finance Corporation | 504 | 40 | $18.4M | $460K | 6.9% (good) | 28 | GOOD |
| 211 | RL Rockford Local Development Corporation | 504 | 40 | $36.8M | $919K | 25.0% (high risk) | 25 | CRITICAL |
| 212 | BH Black Hawk Economic Development, Inc. | 504 | 39 | $20.8M | $533K | 10.3% (average) | 27 | AVERAGE |
| 213 | SL SEDA-COG Local Development Corporation | 504 | 38 | $41.1M | $1.1M | 7.4% (good) | 35 | GOOD |
| 214 | EI Eastern Idaho Development Corporation | 504 | 38 | $22.9M | $603K | 7.4% (good) | 30 | GOOD |
| 215 | SB Small Business Capital Corporation | 504 | 37 | $25.2M | $682K | 19.2% (elevated) | 30 | ELEVATED |
| 216 | SC South Central Kansas Economic | 504 | 37 | $23.1M | $624K | 10.0% (average) | 26 | AVERAGE |
| 217 | CD Community Development Corporation of Fort Wayne | 504 | 36 | $32.3M | $898K | 0.0% (excellent) | 26 | EXCELLENT |
| 218 | RC Racine County Economic Development Corporation | 504 | 34 | $29.7M | $873K | 5.0% (good) | 27 | GOOD |
| 219 | SB Small Business Assistance Corporation | 504 | 33 | $24.1M | $730K | 20.7% (high risk) | 26 | CRITICAL |
| 220 | RI Region IV Development Corporation | 504 | 33 | $26.8M | $811K | 12.0% (average) | 30 | AVERAGE |
| 221 | IB Illinois Business Financial Services | 504 | 33 | $35.5M | $1.1M | 24.0% (high risk) | 26 | CRITICAL |
| 222 | SE SBA Enforcement Action - DelVal Business Finance Corporation | 504 | 32 | $40.0M | $1.2M | 23.1% (high risk) | 23 | CRITICAL |
| 223 | CM Central Minnesota Development | 504 | 31 | $25.0M | $807K | 10.0% (average) | 28 | AVERAGE |
| 224 | CB C.C.D. Business Development Corporation | 504 | 31 | $25.3M | $815K | 7.4% (good) | 22 | GOOD |
| 225 | LB Louisiana Business Loans, Inc. | 504 | 30 | $27.1M | $902K | 8.7% (good) | 24 | GOOD |
| 226 | VE Valley Economic Development Partners, Inc. | 504 | 29 | $28.9M | $997K | 13.0% (average) | 23 | AVERAGE |
| 227 | P PeopleFund | 504 | 29 | $46.3M | $1.6M | 28.6% (high risk) | 28 | CRITICAL |
| 228 | PB Provident Business Financial Services, Inc. | 504 | 29 | $51.3M | $1.8M | 10.0% (average) | 24 | AVERAGE |
| 229 | RE Rappahannock Economic Development Corporation | 504 | 29 | $40.7M | $1.4M | 0.0% (excellent) | 28 | EXCELLENT |
| 230 | CS Citywide Small Business Development Corporation | 504 | 29 | $15.3M | $527K | 15.4% (elevated) | 25 | ELEVATED |
| 231 | CC Cen-Tex Certified Development | 504 | 28 | $26.9M | $962K | 20.0% (high risk) | 19 | CRITICAL |
| 232 | OS Ocean State Business Development Authority | 504 | 28 | $24.7M | $881K | 10.5% (average) | 25 | AVERAGE |
| 233 | CR Capital Regional Development Council | 504 | 27 | $13.5M | $499K | 0.0% (excellent) | 24 | EXCELLENT |
| 234 | W5 Wessex 504 Corporation | 504 | 26 | $41.7M | $1.6M | 0.0% (excellent) | 24 | EXCELLENT |
| 235 | NO New Orleans Regional Business | 504 | 26 | $25.8M | $994K | 45.8% (high risk) | 19 | CRITICAL |
| 236 | MD Mo-Kan Development, Inc. | 504 | 25 | $16.5M | $659K | 9.5% (good) | 17 | GOOD |
| 237 | WC West Central Partnership, Inc. | 504 | 24 | $32.1M | $1.3M | 0.0% (excellent) | 21 | EXCELLENT |
| 238 | NJ New Jersey Business Finance Corporation | 504 | 24 | $22.0M | $919K | 25.0% (high risk) | 18 | CRITICAL |
| 239 | WV Wakarusa Valley Development, Inc. | 504 | 23 | $15.0M | $650K | 7.7% (good) | 23 | GOOD |
| 240 | CR Catawba Regional Development Corporation | 504 | 21 | $13.2M | $627K | 0.0% (excellent) | 14 | EXCELLENT |
| 241 | SD South Dakota Development Corporation | 504 | 21 | $18.7M | $892K | 0.0% (excellent) | 19 | EXCELLENT |
| 242 | TE Tulsa Economic Development Corporation | 504 | 19 | $16.9M | $890K | 26.7% (high risk) | 14 | CRITICAL |
| 243 | NO Northwest Ohio Development Assistance Corporation | 504 | 19 | $13.5M | $709K | 15.4% (elevated) | 16 | ELEVATED |
| 244 | SM Southern Maine Finance Agency | 504 | 19 | $10.0M | $525K | 0.0% (excellent) | 16 | EXCELLENT |
| 245 | ST Southeast Texas Economic Development Foundation | 504 | 19 | $18.1M | $950K | 26.7% (high risk) | 19 | CRITICAL |
| 246 | SC So Cal CDC | 504 | 19 | $35.1M | $1.8M | 0.0% (excellent) | 14 | EXCELLENT |
| 247 | SP STL Partnership CDC | 504 | 19 | $15.1M | $794K | 0.0% (excellent) | 15 | EXCELLENT |
| 248 | AR Ark-Tex Regional Development Corporation | 504 | 19 | $20.8M | $1.1M | 53.3% (high risk) | 15 | CRITICAL |
| 249 | CD Clay/Platte Development Corporation | 504 | 19 | $12.2M | $642K | 14.3% (average) | 19 | AVERAGE |
| 250 | HL HEDCO Local Development Corporation | 504 | 18 | $9.4M | $524K | 9.1% (good) | 13 | GOOD |
| 251 | BL Brownsville Local Development | 504 | 18 | $15.6M | $868K | 20.0% (high risk) | 15 | CRITICAL |
| 252 | PB Pivotal Business Partners | 504 | 16 | $11.8M | $735K | 0.0% (excellent) | 12 | EXCELLENT |
| 253 | PC Pioneer Country Development, Inc. | 504 | 16 | $9.2M | $574K | 13.3% (average) | 14 | AVERAGE |
| 254 | SC Superior California Economic Development, Inc. | 504 | 15 | $11.8M | $784K | 0.0% (excellent) | 14 | EXCELLENT |
| 255 | EB E.C.I.A. Business Growth, Inc. | 504 | 15 | $13.2M | $881K | 0.0% (excellent) | 11 | EXCELLENT |
| 256 | GS Greater Syracuse Business Development Corporation | 504 | 15 | $9.6M | $638K | 0.0% (excellent) | 14 | EXCELLENT |
| 257 | SG Southern Georgia Area Development Corporation | 504 | 14 | $10.9M | $780K | 41.7% (high risk) | 14 | CRITICAL |
| 258 | EF EDC Finance Corporation | 504 | 13 | $12.5M | $964K | 0.0% (excellent) | 13 | EXCELLENT |
| 259 | SC South Central Tennessee Business Development Corporation | 504 | 13 | $20.0M | $1.5M | 20.0% (high risk) | 11 | CRITICAL |
| 260 | MR Meramec Regional Development Corporation | 504 | 13 | $8.2M | $628K | 60.0% (high risk) | 9 | CRITICAL |
| 261 | GE Greater Eastern Oregon Development Corporation | 504 | 13 | $14.7M | $1.1M | 18.2% (elevated) | 10 | ELEVATED |
| 262 | ET East Texas Regional Development Company, Inc. | 504 | 13 | $13.5M | $1.0M | 0.0% (excellent) | 10 | EXCELLENT |
| 263 | PA Panhandle Area Council, Inc. | 504 | 13 | $14.1M | $1.1M | 12.5% (average) | 13 | AVERAGE |
| 264 | AE Arcata Economic Development Corporation | 504 | 12 | $9.2M | $769K | 0.0% (excellent) | 9 | EXCELLENT |
| 265 | TB Tennessee Business Development Corporation | 504 | 11 | $10.3M | $937K | 27.3% (high risk) | 10 | CRITICAL |
| 266 | AC Altoona-Blair County Development Corporation | 504 | 11 | $8.8M | $797K | 0.0% (excellent) | 11 | EXCELLENT |
| 267 | L& Lewis & Clark Certified Development Company | 504 | 11 | $10.3M | $937K | 0.0% (excellent) | 11 | EXCELLENT |
| 268 | LA Lake Agassiz Certified Development Company | 504 | 11 | $9.6M | $877K | 0.0% (excellent) | 10 | EXCELLENT |
| 269 | MC Monroe County Industrial Development Corporation | 504 | 10 | $4.6M | $456K | 0.0% (excellent) | 8 | EXCELLENT |
| 270 | NE Northeastern Economic Development Corporation | 504 | 10 | $10.1M | $1.0M | 33.3% (high risk) | 8 | CRITICAL |
| 271 | PW Pacific West Certified Development Corporation | 504 | 10 | $10.4M | $1.0M | 0.0% (excellent) | 9 | EXCELLENT |
| 272 | NV New Ventures Capital Development Corporation | 504 | 10 | $6.0M | $605K | 40.0% (high risk) | 7 | CRITICAL |
| 273 | DC Delaware Community Development Corporation | 504 | 9 | $5.1M | $565K | 0.0% (excellent) | 9 | EXCELLENT |
| 274 | SV SBA Voluntary Withdrawal - Eastern Maine Development Corporation | 504 | 9 | $23.6M | $2.6M | 0.0% (excellent) | 8 | EXCELLENT |
| 275 | HP High Plains Financial, Inc. | 504 | 9 | $8.8M | $976K | 0.0% (excellent) | 9 | EXCELLENT |
| 276 | NA NEPA Alliance Business Finance Corporation | 504 | 9 | $19.2M | $2.1M | 0.0% (excellent) | 9 | EXCELLENT |
| 277 | TP The Pennsylvania Community Development Corporation | 504 | 9 | $24.8M | $2.8M | 0.0% (excellent) | 9 | EXCELLENT |
| 278 | WB Worcester Business Development Corporation | 504 | 8 | $18.7M | $2.3M | 0.0% (excellent) | 8 | EXCELLENT |
| 279 | JD JEDCO Development Corporation | 504 | 7 | $5.8M | $835K | 0.0% (excellent) | 7 | EXCELLENT |
| 280 | V5 Vermont 504 Corporation | 504 | 7 | $5.9M | $837K | 0.0% (excellent) | 6 | EXCELLENT |
| 281 | ED Economic Development Corporation | 504 | 7 | $5.6M | $796K | 0.0% (excellent) | 6 | EXCELLENT |
| 282 | DB Dallas Business Finance Corporation | 504 | 7 | $4.4M | $628K | 14.3% (average) | 7 | AVERAGE |
| 283 | CD Crater Development Company | 504 | 7 | $6.4M | $919K | 14.3% (average) | 6 | AVERAGE |
| 284 | CC California Coastal Certified Development Corporation | 504 | 6 | $4.3M | $720K | 16.7% (elevated) | 6 | ELEVATED |
| 285 | EL EDC Loan Corporation | 504 | 6 | $6.1M | $1.0M | 0.0% (excellent) | 6 | EXCELLENT |
| 286 | PA Purchase Area Development District | 504 | 6 | $4.3M | $718K | 20.0% (high risk) | 5 | CRITICAL |
| 287 | EM Eastern Maine Development Corporation | 504 | 6 | $3.6M | $603K | 0.0% (excellent) | 6 | EXCELLENT |
| 288 | JR James River Development Corporation | 504 | 6 | $5.2M | $868K | 16.7% (elevated) | 6 | ELEVATED |
| 289 | MS Marketing Small Business Finance Corporation | 504 | 6 | $2.2M | $370K | 0.0% (excellent) | 6 | EXCELLENT |
| 290 | LS Lone Star State Capital Corporation | 504 | 6 | $10.5M | $1.8M | 0.0% (excellent) | 6 | EXCELLENT |
| 291 | PG Prince George's Financial Services Corporation | 504 | 6 | $12.3M | $2.0M | 0.0% (excellent) | 5 | EXCELLENT |
| 292 | ME Mentor Economic Assistance Corporation | 504 | 6 | $3.4M | $560K | 0.0% (excellent) | 5 | EXCELLENT |
| 293 | SB Small Business Capital Corp of Texas | 504 | 5 | $2.3M | $455K | 20.0% (high risk) | 4 | CRITICAL |
| 294 | OO Operation Oswego County, Inc. | 504 | 5 | $4.8M | $965K | N/A | 5 | UNKNOWN |
SBA franchise lending
Questions about SBA franchise loans
What is an SBA 7(a) loan for a franchise?
An SBA 7(a) loan is the most common Small Business Administration-guaranteed loan and the usual way a franchise purchase is financed. The SBA guarantees part of the loan to the lender, which lets banks underwrite franchise loans they would otherwise consider too risky. Amounts run from $50,000 up to $5 million, with terms up to 25 years for real estate or 10 years for working capital.
What is a charge-off rate and why does it matter?
The share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. Across franchise brands the rate averages 16.0% over 94,550 resolved franchise loans in our FOIA corpus, and that figure is the benchmark every brand page on this site compares against. A brand running materially above it is worth extra diligence; a brand below it has had a better lending outcome, which is not a guarantee about any individual unit.
Does this cover SBA 504 loans too?
The loan corpus covers both SBA 7(a) and 504 records, but the per-brand charge-off rate is computed from 7(a) loans only: 7(a) is the primary lending vehicle for buying a franchise, while 504 loans fund real estate.
Where does this SBA data come from?
We obtain SBA 7(a) and 504 loan-level data through Freedom of Information Act requests to the Small Business Administration. Each record carries the approval date, amount, lender, borrower business type, NAICS code, location and outcome (paid in full, charged off, or still active). We match franchise loans to brand records by normalized name.
Why might a brand show fewer SBA loans than expected?
SBA records cover SBA-backed loans only. Many franchise purchases use conventional financing with no SBA guarantee and never appear here. Our match also requires the SBA borrower name to resolve to an FDD brand name, which is imperfect for brands with several DBAs or a recent rebrand. A brand with fewer than 10 matched loans has its charge-off rate withheld rather than shown with a caveat: a rate on a handful of loans says more about the handful than about the brand.