SBA 7(a) franchise lending

Regional Performance Reports

Every state with SBA 7(a) franchise lending activity, ranked by volume. See default rates, jobs created, and top-performing franchises by region.

States tracked: 53
Total loans: 132,478
Total volume: $71.9B
Jobs created: 1,750,345

53 states by franchise loan volume

#	State	Loans	Volume	Default %	Jobs	Job velocity	Franchises
1	TexasTX	16,560	$10.6B	20.5%	207,252	1.9	2,845
2	CaliforniaCA	12,874	$7.9B	15.3%	170,364	2.2	2,171
3	FloridaFL	8,224	$4.5B	20.9%	115,119	2.6	2,056
4	GeorgiaGA	6,081	$4.4B	15.5%	83,216	1.9	1,605
5	OhioOH	5,935	$2.8B	13.5%	76,803	2.8	1,471
6	IllinoisIL	4,836	$2.6B	16.4%	63,495	2.4	1,349
7	PennsylvaniaPA	4,590	$2.0B	13.6%	61,661	3.1	1,290
8	North CarolinaNC	4,071	$2.9B	14.1%	60,445	2.1	1,367
9	MichiganMI	3,994	$1.8B	14.5%	56,959	3.1	1,175
10	New JerseyNJ	3,759	$1.8B	15.4%	49,884	2.8	1,105
11	New YorkNY	3,588	$1.7B	18.1%	44,299	2.7	1,117
12	ColoradoCO	3,423	$1.8B	16.0%	48,797	2.6	1,229
13	WashingtonWA	3,300	$2.4B	11.8%	41,836	1.7	978
14	IndianaIN	3,246	$1.9B	12.7%	43,538	2.3	1,092
15	MinnesotaMN	3,226	$1.1B	14.1%	46,069	4.0	939
16	VirginiaVA	3,146	$1.8B	15.9%	43,283	2.4	1,118
17	ArizonaAZ	3,097	$1.8B	18.8%	46,256	2.6	1,146
18	MissouriMO	2,927	$1.2B	17.1%	35,804	3.0	1,085
19	WisconsinWI	2,773	$1.3B	12.5%	39,544	3.1	931
20	TennesseeTN	2,221	$1.3B	17.3%	29,602	2.4	978
21	MarylandMD	2,115	$1.0B	16.7%	32,214	3.2	818
22	MassachusettsMA	2,053	$659.5M	12.2%	27,160	4.1	721
23	South CarolinaSC	2,021	$1.6B	14.8%	27,871	1.8	870
24	UtahUT	1,748	$791.7M	11.3%	24,096	3.0	780
25	KansasKS	1,602	$646.4M	16.4%	16,846	2.6	717
26	OklahomaOK	1,599	$765.3M	18.1%	20,034	2.6	661
27	KentuckyKY	1,570	$741.3M	16.9%	22,406	3.0	713
28	IowaIA	1,521	$520.7M	16.6%	15,751	3.0	629
29	LouisianaLA	1,436	$760.2M	16.8%	17,317	2.3	604
30	OregonOR	1,424	$839.4M	15.1%	19,169	2.3	616
31	AlabamaAL	1,386	$886.9M	17.3%	19,415	2.2	642
32	ConnecticutCT	1,212	$498.2M	15.9%	14,376	2.9	571
33	NevadaNV	1,181	$589.4M	21.2%	16,844	2.9	627
34	IdahoID	1,072	$462.3M	12.0%	13,684	3.0	554
35	NebraskaNE	983	$359.4M	16.2%	12,230	3.4	501
36	ArkansasAR	877	$482.9M	14.0%	10,709	2.2	484
37	MississippiMS	818	$538.2M	15.1%	10,901	2.0	424
38	New MexicoNM	721	$484.2M	15.4%	7,816	1.6	386
39	MontanaMT	621	$226.1M	8.0%	6,431	2.8	295
40	New HampshireNH	583	$179.4M	13.1%	6,401	3.6	298
41	West VirginiaWV	490	$223.9M	15.5%	5,188	2.3	253
42	South DakotaSD	490	$150.4M	11.0%	4,183	2.8	280
43	Rhode IslandRI	449	$111.9M	14.5%	4,206	3.8	214
44	Puerto RicoPR	436	$86.2M	15.3%	4,601	5.3	132
45	DelawareDE	397	$165.6M	13.7%	4,908	3.0	257
46	North DakotaND	387	$142.3M	7.0%	4,223	3.0	221
47	MaineME	387	$118.1M	13.3%	6,129	5.2	182
48	WyomingWY	295	$122.4M	10.8%	2,620	2.1	173
49	HawaiiHI	213	$40.7M	12.2%	1,903	4.7	119
50	AlaskaAK	178	$93.2M	14.5%	2,194	2.4	116
51	Washington DCDC	168	$66.3M	14.3%	2,459	3.7	110
52	VermontVT	154	$49.4M	12.3%	1,752	3.5	94
53	GUGU	20	$1.4M	5.0%	82	5.9	15

Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict

Default rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Job velocity = jobs created per $100K loaned.