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SBA 7(a) franchise lending
California
CA
- Total loans
- 12,874
- Loan volume
- $7.9B
- Default rate
- 15.3%
- Jobs created
- 170,364
Defaults
1,471
Avg interest
7.10%
Job velocity
2.2
per $100K loaned
Franchises active
2,171
Highest default rates in California
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Noble Roman Pizza | 6 | 100.0% | 76.9% |
| Me-N-Ed's Pizzeria | 5 | 80.0% | 80.0% |
| Figaro's Italian Pizza | 5 | 80.0% | 48.7% |
| Taco Del Mar | 14 | 78.6% | 42.2% |
| Carvel Ice Cream | 6 | 66.7% | 42.7% |
| Realty World | 6 | 66.7% | 44.4% |
| Pita Pit | 6 | 66.7% | 46.3% |
| Quizno's Subs | 14 | 64.3% | 36.8% |
| Planet Beach | 24 | 62.5% | 55.7% |
| Big Apple Bagels | 5 | 60.0% | 34.6% |
Lowest default rates in California
| Franchise | Loans | Default % |
|---|---|---|
| Wendy's | 17 | 0.0% |
| Comfort Inn | 27 | 0.0% |
| United Studio Of Self Defense | 6 | 0.0% |
| Pick Up Stix (chinese Rest.) | 6 | 0.0% |
| Maids (the) | 5 | 0.0% |
| Holiday Inn Express | 22 | 0.0% |
| Mad Science Group, The | 6 | 0.0% |
| Molly Maid | 16 | 0.0% |
| Der Wienerschnitzel | 7 | 0.0% |
| Fast-Fix Jewelry Repairs | 7 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 1,338 | $381.9M | 23.0% | |
| Limited-Service Restaurants722513 | 1,246 | $585.4M | 12.8% | |
| Gasoline Stations with Convenience Stores447110 | 777 | $1.3B | 2.1% | |
| Hotels & Motels721110 | 747 | $1.8B | 2.4% | |
| Fitness & Recreational Sports713940 | 614 | $245.7M | 15.9% | |
| Snack & Beverage Bars722515 | 445 | $180.0M | 6.8% | |
| Full-Service Restaurants722110 | 369 | $148.3M | 23.1% | |
| Full-Service Restaurants722511 | 322 | $189.0M | 8.1% | |
| Private Mail Centers561431 | 232 | $50.6M | 12.6% | |
| Other Personal Care Services812199 | 215 | $88.3M | 19.1% |
Franchise lending volume by year
171'92
130
111
250
313
354'97
267
277
305
307
447'02
493
468
535
380
399'07
326
141
138
180
190'12
266
397
519
560
578'17
679
570
451
520
477'22
538
454
546
137'26
California 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.