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SBA 7(a) franchise lending
Iowa
IA
- Total loans
- 1,521
- Loan volume
- $520.7M
- Default rate
- 16.6%
- Jobs created
- 15,751
Defaults
208
Avg interest
6.64%
Job velocity
3.0
per $100K loaned
Franchises active
629
Highest default rates in Iowa
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Subway | 5 | 60.0% | 8.8% |
| Subway | 7 | 57.1% | 11.6% |
| The Pita Pit | 7 | 57.1% | 23.5% |
| True Value Hardware | 8 | 50.0% | 16.1% |
| New York Ny Fresh Deli | 6 | 50.0% | 57.1% |
| Blimpie | 21 | 42.9% | 30.6% |
| Mail Boxes Etc. Usa | 5 | 40.0% | 12.2% |
| Cottman Transmission | 5 | 40.0% | 36.8% |
| Quiznos | 24 | 37.5% | 28.1% |
| Merle Norman Cosmetics | 6 | 33.3% | 20.0% |
Lowest default rates in Iowa
| Franchise | Loans | Default % |
|---|---|---|
| Play It Again Sports (retail S | 9 | 0.0% |
| Domino's Pizza | 16 | 0.0% |
| Pronto Markets | 18 | 0.0% |
| Medicap Pharmacy | 16 | 0.0% |
| Sylvan Learning Center | 6 | 0.0% |
| tanworld | 13 | 0.0% |
| Hardware Hank | 9 | 0.0% |
| Hardee's Restaurant | 6 | 0.0% |
| Roto Rooter | 5 | 0.0% |
| Papa Murphy's Take & Bake Pizz | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 149 | $34.7M | 22.8% | |
| Limited-Service Restaurants722513 | 108 | $60.7M | 13.9% | |
| Fitness & Recreational Sports713940 | 94 | $23.7M | 14.5% | |
| Hotels & Motels721110 | 75 | $123.7M | 11.8% | |
| Full-Service Restaurants722110 | 65 | $18.9M | 26.6% | |
| Hardware Stores444130 | 54 | $12.5M | 22.2% | |
| Full-Service Restaurants722511 | 33 | $12.5M | 31.8% | |
| Other Personal Care Services812199 | 26 | $9.5M | 9.5% | |
| Beauty Salons812112 | 23 | $3.4M | 0.0% | |
| Snack & Beverage Bars722515 | 21 | $9.1M | 30.8% |
Franchise lending volume by year
56'92
45
46
68
52
33'97
32
30
41
27
36'02
55
44
77
44
51'07
47
30
35
30
41'12
41
34
43
58
49'17
47
44
44
48
53'22
48
37
44
11'26
Iowa 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.