I
SBA 7(a) franchise lending
Iowa
IA
- Total loans
- 1,521
- Loan volume
- $520.7M
- Charge-off rate
- 16.6%
- Jobs created
- 15,751
Defaults
208
Avg interest
6.64%
Job velocity
3.0
per $100K loaned
Franchises active
629
Highest charge-off rates in Iowa
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Subway | 5 | charge-off rate: 60.0% | 8.8% |
| Subway | 7 | charge-off rate: 57.1% | 11.6% |
| The Pita Pit | 7 | charge-off rate: 57.1% | 23.5% |
| True Value Hardware | 8 | charge-off rate: 50.0% | 16.1% |
| New York Ny Fresh Deli | 6 | charge-off rate: 50.0% | 57.1% |
| Blimpie | 21 | charge-off rate: 42.9% | 30.6% |
| Mail Boxes Etc. Usa | 5 | charge-off rate: 40.0% | 12.2% |
| Cottman Transmission | 5 | charge-off rate: 40.0% | 36.8% |
| Quiznos | 24 | charge-off rate: 37.5% | 28.1% |
| Merle Norman Cosmetics | 6 | charge-off rate: 33.3% | 20.0% |
Lowest charge-off rates in Iowa
| Franchise | Loans | Default % |
|---|---|---|
| Play It Again Sports (retail S | 9 | charge-off rate: 0.0% |
| Domino's Pizza | 16 | charge-off rate: 0.0% |
| Pronto Markets | 18 | charge-off rate: 0.0% |
| Medicap Pharmacy | 16 | charge-off rate: 0.0% |
| Sylvan Learning Center | 6 | charge-off rate: 0.0% |
| tanworld | 13 | charge-off rate: 0.0% |
| Hardware Hank | 9 | charge-off rate: 0.0% |
| Hardee's Restaurant | 6 | charge-off rate: 0.0% |
| Roto Rooter | 5 | charge-off rate: 0.0% |
| Papa Murphy's Take & Bake Pizz | 5 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 149 | $34.7M | charge-off rate: 22.8% | |
| Limited-Service Restaurants722513 | 108 | $60.7M | charge-off rate: 13.9% | |
| Fitness & Recreational Sports713940 | 94 | $23.7M | charge-off rate: 14.5% | |
| Hotels & Motels721110 | 75 | $123.7M | charge-off rate: 11.8% | |
| Full-Service Restaurants722110 | 65 | $18.9M | charge-off rate: 26.6% | |
| Hardware Stores444130 | 54 | $12.5M | charge-off rate: 22.2% | |
| Full-Service Restaurants722511 | 33 | $12.5M | charge-off rate: 31.8% | |
| Other Personal Care Services812199 | 26 | $9.5M | charge-off rate: 9.5% | |
| Beauty Salons812112 | 23 | $3.4M | charge-off rate: 0.0% | |
| Snack & Beverage Bars722515 | 21 | $9.1M | charge-off rate: 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 charge-off 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
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Job velocity = jobs created per $100K loaned.
Frequently asked questions
- How many SBA 7(a) franchise loans has Iowa received?
- 1,521 loans totaling $520.7M, with 208 charged off. The statewide charge-off rate is 16.6%.
- What is a charge-off rate and how should I interpret it?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Rates materially above that suggest higher-risk franchise selection or weaker borrower vetting in this state.
- Which franchise brands perform best and worst in Iowa?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Iowa by their statewide loan performance. Click any brand for full FDD-disclosed financials and nationwide SBA history.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.