M
SBA 7(a) franchise lending
Massachusetts
MA
- Total loans
- 2,053
- Loan volume
- $659.5M
- Charge-off rate
- 12.2%
- Jobs created
- 27,160
Defaults
189
Avg interest
6.94%
Job velocity
4.1
per $100K loaned
Franchises active
721
Highest charge-off rates in Massachusetts
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 7 | charge-off rate: 57.1% | 33.9% |
| Sport Clips | 9 | charge-off rate: 55.6% | 8.6% |
| 24 Seven Vending | 6 | charge-off rate: 50.0% | 73.3% |
| Alphagraphics, Printshops Of T | 5 | charge-off rate: 40.0% | 31.8% |
| AAMCO Transmissions | 5 | charge-off rate: 40.0% | 31.8% |
| Matco Tools (rent Tools) | 8 | charge-off rate: 37.5% | 34.8% |
| Certa Propainters | 6 | charge-off rate: 33.3% | 21.1% |
| Cottman Transmission | 9 | charge-off rate: 33.3% | 36.8% |
| Quiznos | 33 | charge-off rate: 33.3% | 28.1% |
| Sign-A-Rama | 6 | charge-off rate: 33.3% | 26.0% |
Lowest charge-off rates in Massachusetts
| Franchise | Loans | Default % |
|---|---|---|
| Shell Service Station | 7 | charge-off rate: 0.0% |
| Gold's Gym | 6 | charge-off rate: 0.0% |
| Pearle Vision Center | 6 | charge-off rate: 0.0% |
| Maids (the) | 10 | charge-off rate: 0.0% |
| Children's Orchard (retail Clo | 8 | charge-off rate: 0.0% |
| World Gym & Fitness Center | 7 | charge-off rate: 0.0% |
| Servpro | 18 | charge-off rate: 0.0% |
| Taylor Rental Center | 7 | charge-off rate: 0.0% |
| American Brake Service | 7 | charge-off rate: 0.0% |
| Hannoush Jewelers | 6 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Fitness & Recreational Sports713940 | 179 | $59.4M | charge-off rate: 7.4% | |
| Limited-Service Restaurants722211 | 173 | $32.9M | charge-off rate: 18.6% | |
| Limited-Service Restaurants722513 | 136 | $58.7M | charge-off rate: 9.0% | |
| Full-Service Restaurants722110 | 56 | $7.6M | charge-off rate: 19.6% | |
| Home Health Care Services621610 | 54 | $25.0M | charge-off rate: 0.0% | |
| Child Day Care Services624410 | 52 | $77.0M | charge-off rate: 4.2% | |
| Other Personal Care Services812199 | 35 | $16.5M | charge-off rate: 5.0% | |
| Beauty Salons812112 | 33 | $7.4M | charge-off rate: 18.8% | |
| 722213722213 | 32 | $7.1M | charge-off rate: 20.7% | |
| Private Mail Centers561431 | 29 | $7.2M | charge-off rate: 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 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 Massachusetts received?
- 2,053 loans totaling $659.5M, with 189 charged off. The statewide charge-off rate is 12.2%.
- 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 Massachusetts?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Massachusetts 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.