![Indiana logo](https://cdn.brandfetch.io/in.gov/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending
Indiana
IN
- Total loans
- 3,246
- Loan volume
- $1.9B
- Default rate
- 12.7%
- Jobs created
- 43,538
Defaults
292
Avg interest
6.86%
Job velocity
2.3
per $100K loaned
Franchises active
1,092
Highest default rates in Indiana
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Golf Etc. | 5 | 80.0% | 54.5% |
| Minuteman Press | 5 | 80.0% | 24.0% |
| Schlotzsky's Sandwich Shop | 10 | 60.0% | 21.3% |
| Orange Leaf | 5 | 60.0% | 25.0% |
| Fantastic Sam's | 10 | 50.0% | 19.1% |
| The Pita Pit | 6 | 50.0% | 23.5% |
| Orange Leaf Frozen Yogurt | 6 | 50.0% | 41.7% |
| Marco's Pizza | 6 | 50.0% | 9.3% |
| Matco Tools (rent Tools) | 13 | 46.2% | 34.8% |
| Blimpie | 27 | 44.4% | 30.6% |
Lowest default rates in Indiana
| Franchise | Loans | Default % |
|---|---|---|
| Wild Birds Unlimited | 7 | 0.0% |
| Ramada Inn | 8 | 0.0% |
| Paul W. Davis Systems | 5 | 0.0% |
| Comfort Inn | 5 | 0.0% |
| Hungry Howie's | 10 | 0.0% |
| Super 8 by Wyndhan | 7 | 0.0% |
| General Nutrition Center | 6 | 0.0% |
| Travelodge | 7 | 0.0% |
| Jimmy John's | 31 | 0.0% |
| Tcby | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 343 | $766.5M | 6.5% | |
| Limited-Service Restaurants722513 | 328 | $144.3M | 11.6% | |
| Limited-Service Restaurants722211 | 289 | $79.8M | 11.8% | |
| Fitness & Recreational Sports713940 | 180 | $60.1M | 11.2% | |
| Full-Service Restaurants722511 | 129 | $51.4M | 7.7% | |
| Full-Service Restaurants722110 | 119 | $35.0M | 16.9% | |
| Snack & Beverage Bars722515 | 67 | $30.1M | 6.1% | |
| Gasoline Stations with Convenience Stores447110 | 59 | $48.1M | 10.9% | |
| Beauty Salons812112 | 50 | $20.4M | 18.2% | |
| General Automotive Repair811111 | 46 | $15.4M | 16.7% |
Franchise lending volume by year
28'92
28
33
45
44
55'97
42
49
67
69
92'02
98
99
99
75
76'07
67
42
47
73
54'12
87
93
130
166
162'17
179
155
151
193
155'22
165
138
163
27'26
Indiana 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.