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SBA 7(a) franchise lending
Massachusetts
MA
- Total loans
- 2,053
- Loan volume
- $659.5M
- Default rate
- 12.2%
- Jobs created
- 27,160
Defaults
189
Avg interest
6.94%
Job velocity
4.1
per $100K loaned
Franchises active
721
Highest default rates in Massachusetts
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 7 | 57.1% | 33.9% |
| Sport Clips | 9 | 55.6% | 8.6% |
| 24 Seven Vending | 6 | 50.0% | 73.3% |
| Alphagraphics, Printshops Of T | 5 | 40.0% | 31.8% |
| AAMCO Transmissions | 5 | 40.0% | 31.8% |
| Matco Tools (rent Tools) | 8 | 37.5% | 34.8% |
| Certa Propainters | 6 | 33.3% | 21.1% |
| Cottman Transmission | 9 | 33.3% | 36.8% |
| Quiznos | 33 | 33.3% | 28.1% |
| Sign-A-Rama | 6 | 33.3% | 26.0% |
Lowest default rates in Massachusetts
| Franchise | Loans | Default % |
|---|---|---|
| Shell Service Station | 7 | 0.0% |
| Gold's Gym | 6 | 0.0% |
| Pearle Vision Center | 6 | 0.0% |
| Maids (the) | 10 | 0.0% |
| Children's Orchard (retail Clo | 8 | 0.0% |
| World Gym & Fitness Center | 7 | 0.0% |
| Servpro | 18 | 0.0% |
| Taylor Rental Center | 7 | 0.0% |
| American Brake Service | 7 | 0.0% |
| Hannoush Jewelers | 6 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Fitness & Recreational Sports713940 | 179 | $59.4M | 7.4% | |
| Limited-Service Restaurants722211 | 173 | $32.9M | 18.6% | |
| Limited-Service Restaurants722513 | 136 | $58.7M | 9.0% | |
| Full-Service Restaurants722110 | 56 | $7.6M | 19.6% | |
| Home Health Care Services621610 | 54 | $25.0M | 0.0% | |
| Child Day Care Services624410 | 52 | $77.0M | 4.2% | |
| Other Personal Care Services812199 | 35 | $16.5M | 5.0% | |
| Beauty Salons812112 | 33 | $7.4M | 18.8% | |
| 722213722213 | 32 | $7.1M | 20.7% | |
| Private Mail Centers561431 | 29 | $7.2M | 5.6% |
Franchise lending volume by year
19'92
16
39
50
56
44'97
29
33
22
37
57'02
99
92
88
59
34'07
49
30
39
43
43'12
60
67
81
96
78'17
96
108
57
92
63'22
88
85
91
13'26
Massachusetts 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.