FranchiseVerdict
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SBA 7(a) franchise lending

Maine

ME

Total loans
387
Loan volume
$118.1M
Default rate
13.3%
Jobs created
6,129

Defaults

42

Avg interest

6.35%

Job velocity

5.2

per $100K loaned

Franchises active

182

Highest default rates in Maine

FranchiseLoansState %National %
Pearle Vision Center757.1%9.5%
Quiznos540.0%28.1%
Sears Catalog Store520.0%12.9%
Chrysler812.5%2.9%
Subway Sandwich Shop190.0%6.1%
Mail Boxes Etc. Usa50.0%12.2%
Servpro80.0%7.3%
Dairy Queen120.0%10.7%
Domino's Pizza80.0%10.7%
Dunkin Donuts260.0%8.3%

Lowest default rates in Maine

FranchiseLoansDefault %
Subway Sandwich Shop190.0%
Mail Boxes Etc. Usa50.0%
Servpro80.0%
Dairy Queen120.0%
Domino's Pizza80.0%
Dunkin Donuts260.0%
Planet Fitness90.0%
Chrysler812.5%
Sears Catalog Store520.0%
Quiznos540.0%

Industry performance (NAICS)

Industry (NAICS)LoansVolumeDefault %Risk
Limited-Service Restaurants72221141$8.8M5.1%
Fitness & Recreational Sports71394025$6.3M9.5%
Limited-Service Restaurants72251325$13.8M20.0%
Full-Service Restaurants72211017$4.4M5.9%
Hardware Stores44413013$2.8M30.8%
Full-Service Restaurants72251113$9.2M60.0%
New Car Dealers4411109$4.4M11.1%
Hotels & Motels7211109$9.8M12.5%
Residential Remodelers2361189$1.8M33.3%
Janitorial Services5617208$449K0.0%

Franchise lending volume by year

7
'92
3
10
9
4
18
'97
5
12
16
9
6
'02
7
12
15
18
13
'07
18
8
13
18
17
'12
13
13
11
10
10
'17
12
12
14
7
14
'22
12
12
7
2
'26

Maine default rate by loan vintage

BrandNational avg
0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%'92'97'02'07'12'17'20

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.