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SBA 7(a) franchise lending
Alabama
AL
- Total loans
- 1,386
- Loan volume
- $886.9M
- Default rate
- 17.3%
- Jobs created
- 19,415
Defaults
162
Avg interest
7.04%
Job velocity
2.2
per $100K loaned
Franchises active
642
Highest default rates in Alabama
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Matco Tools (rent Tools) | 12 | 50.0% | 34.8% |
| Quiznos | 20 | 45.0% | 28.1% |
| Quizno's Subs | 5 | 40.0% | 36.8% |
| Mail Boxes Etc. Usa | 14 | 35.7% | 12.2% |
| Steak-Out | 7 | 28.6% | 33.3% |
| Jimmy John's | 12 | 25.0% | 5.1% |
| Piggly Wiggly | 9 | 22.2% | 13.8% |
| Subway | 9 | 22.2% | 11.6% |
| Church's Fried Chicken | 5 | 20.0% | 19.0% |
| Anytime Fitness | 5 | 20.0% | 10.7% |
Lowest default rates in Alabama
| Franchise | Loans | Default % |
|---|---|---|
| Econo Lodge Motel | 5 | 0.0% |
| Comfort Inn | 8 | 0.0% |
| Schlotzsky's Sandwich Shop | 5 | 0.0% |
| Cici's Pizza | 5 | 0.0% |
| Little Ceasar's Pizza | 8 | 0.0% |
| Zaxby's | 8 | 0.0% |
| Moe's Sw Grill | 5 | 0.0% |
| Tropical Smoothie | 5 | 0.0% |
| La Quinta Inn | 5 | 0.0% |
| Smoothie King | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 202 | $396.6M | 5.8% | |
| Limited-Service Restaurants722513 | 134 | $80.5M | 12.1% | |
| Limited-Service Restaurants722211 | 104 | $27.4M | 25.0% | |
| Full-Service Restaurants722511 | 57 | $44.1M | 16.1% | |
| Fitness & Recreational Sports713940 | 42 | $11.0M | 20.0% | |
| Full-Service Restaurants722110 | 38 | $16.2M | 10.5% | |
| Snack & Beverage Bars722515 | 34 | $15.4M | 17.6% | |
| General Automotive Repair811111 | 17 | $5.7M | 15.4% | |
| Beauty Salons812112 | 16 | $7.4M | 33.3% | |
| Janitorial Services561720 | 16 | $7.6M | 25.0% |
Franchise lending volume by year
18'92
19
25
26
23
32'97
21
21
22
23
29'02
22
34
43
22
30'07
29
20
25
37
28'12
27
52
58
58
57'17
67
80
69
87
56'22
78
60
75
13'26
Alabama default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
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.