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SBA 7(a) franchise lending
Illinois
IL
- Total loans
- 4,836
- Loan volume
- $2.6B
- Default 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 default rates in Illinois
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Executive Tans | 10 | 80.0% | 69.6% |
| Golf U.s.a. (retail Golf Equip | 7 | 71.4% | 46.1% |
| Chicago's Pizza Of Greenfield | 8 | 62.5% | 41.7% |
| Atlanta Bread Company | 5 | 60.0% | 45.8% |
| Cici's Pizza | 5 | 60.0% | 24.5% |
| Petland | 16 | 50.0% | 44.2% |
| AAMCO Transmissions | 8 | 50.0% | 31.8% |
| Pickerman's | 6 | 50.0% | 40.6% |
| Fitness Together | 6 | 50.0% | 32.9% |
| Cold Stone Creamery, Inc. | 33 | 42.4% | 33.9% |
Lowest default rates in Illinois
| Franchise | Loans | Default % |
|---|---|---|
| Popeye's Famous Fried Chicken | 6 | 0.0% |
| Ramada Inn | 8 | 0.0% |
| Mrs. Field's Cookies | 8 | 0.0% |
| Once Upon A Child | 5 | 0.0% |
| Dunkin Donuts | 57 | 0.0% |
| Amoco (gas Station) | 7 | 0.0% |
| Burger King | 10 | 0.0% |
| Travelodge | 6 | 0.0% |
| Cousins Submarines (restaurant | 9 | 0.0% |
| Jani-King (janitor's Service) | 6 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 451 | $233.9M | 9.5% | |
| Limited-Service Restaurants722211 | 397 | $100.7M | 20.3% | |
| Hotels & Motels721110 | 316 | $760.8M | 9.6% | |
| Fitness & Recreational Sports713940 | 263 | $95.3M | 17.6% | |
| Full-Service Restaurants722110 | 179 | $52.7M | 24.7% | |
| Full-Service Restaurants722511 | 128 | $66.1M | 14.7% | |
| Gasoline Stations with Convenience Stores447110 | 117 | $126.0M | 12.7% | |
| Snack & Beverage Bars722515 | 98 | $45.4M | 7.7% | |
| Beauty Salons812112 | 95 | $28.6M | 7.5% | |
| Child Day Care Services624410 | 92 | $136.1M | 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 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.