I
SBA 7(a) franchise lending
Illinois
IL
- Total loans
- 4,836
- Loan volume
- $2.6B
- Charge-off rate
- 16.4%
- Jobs created
- 63,495
Defaults
570
Avg interest
7.00%
Job velocity
2.4
per $100K loaned
Franchises active
1,349
Highest charge-off rates in Illinois
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Executive Tans | 10 | charge-off rate: 80.0% | 69.6% |
| Golf U.s.a. (retail Golf Equip | 7 | charge-off rate: 71.4% | 46.1% |
| Chicago's Pizza Of Greenfield | 8 | charge-off rate: 62.5% | 41.7% |
| Atlanta Bread Company | 5 | charge-off rate: 60.0% | 45.8% |
| Cici's Pizza | 5 | charge-off rate: 60.0% | 24.5% |
| Petland | 16 | charge-off rate: 50.0% | 44.2% |
| AAMCO Transmissions | 8 | charge-off rate: 50.0% | 31.8% |
| Pickerman's | 6 | charge-off rate: 50.0% | 40.6% |
| Fitness Together | 6 | charge-off rate: 50.0% | 32.9% |
| Cold Stone Creamery, Inc. | 33 | charge-off rate: 42.4% | 33.9% |
Lowest charge-off rates in Illinois
| Franchise | Loans | Default % |
|---|---|---|
| Popeye's Famous Fried Chicken | 6 | charge-off rate: 0.0% |
| Ramada Inn | 8 | charge-off rate: 0.0% |
| Mrs. Field's Cookies | 8 | charge-off rate: 0.0% |
| Once Upon A Child | 5 | charge-off rate: 0.0% |
| Dunkin Donuts | 57 | charge-off rate: 0.0% |
| Amoco (gas Station) | 7 | charge-off rate: 0.0% |
| Burger King | 10 | charge-off rate: 0.0% |
| Travelodge | 6 | charge-off rate: 0.0% |
| Cousins Submarines (restaurant | 9 | charge-off rate: 0.0% |
| Jani-King (janitor's Service) | 6 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 451 | $233.9M | charge-off rate: 9.5% | |
| Limited-Service Restaurants722211 | 397 | $100.7M | charge-off rate: 20.3% | |
| Hotels & Motels721110 | 316 | $760.8M | charge-off rate: 9.6% | |
| Fitness & Recreational Sports713940 | 263 | $95.3M | charge-off rate: 17.6% | |
| Full-Service Restaurants722110 | 179 | $52.7M | charge-off rate: 24.7% | |
| Full-Service Restaurants722511 | 128 | $66.1M | charge-off rate: 14.7% | |
| Gasoline Stations with Convenience Stores447110 | 117 | $126.0M | charge-off rate: 12.7% | |
| Snack & Beverage Bars722515 | 98 | $45.4M | charge-off rate: 7.7% | |
| Beauty Salons812112 | 95 | $28.6M | charge-off rate: 7.5% | |
| Child Day Care Services624410 | 92 | $136.1M | charge-off rate: 5.2% |
Franchise lending volume by year
41'92
62
88
118
113
102'97
68
95
70
84
133'02
163
159
207
92
115'07
90
58
71
90
89'12
142
171
203
158
199'17
222
212
195
288
211'22
218
210
248
51'26
Illinois 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 Illinois received?
- 4,836 loans totaling $2646.6M, with 570 charged off. The statewide charge-off rate is 16.4%.
- 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 Illinois?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Illinois 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.