M
SBA 7(a) franchise lending
Minnesota
MN
- Total loans
- 3,226
- Loan volume
- $1.1B
- Charge-off rate
- 14.1%
- Jobs created
- 46,069
Defaults
342
Avg interest
6.75%
Job velocity
4.0
per $100K loaned
Franchises active
939
Highest charge-off rates in Minnesota
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Candleman | 10 | charge-off rate: 60.0% | 48.8% |
| Nick-N-Willy's Pizza | 5 | charge-off rate: 60.0% | 51.4% |
| Champion Auto Store | 6 | charge-off rate: 50.0% | 21.1% |
| Huntington Learning Center | 8 | charge-off rate: 50.0% | 36.4% |
| Sylvan Learning Center | 10 | charge-off rate: 50.0% | 25.9% |
| Fitness Together | 6 | charge-off rate: 50.0% | 32.9% |
| Cousins Submarines (restaurant | 16 | charge-off rate: 43.8% | 24.6% |
| Music Go Round | 7 | charge-off rate: 42.9% | 25.0% |
| Certa Propainters | 7 | charge-off rate: 42.9% | 21.1% |
| Rocky Mountain Chocolate Facto | 5 | charge-off rate: 40.0% | 20.6% |
Lowest charge-off rates in Minnesota
| Franchise | Loans | Default % |
|---|---|---|
| Perkins Restaurants | 5 | charge-off rate: 0.0% |
| Once Upon A Child | 7 | charge-off rate: 0.0% |
| Burger King | 5 | charge-off rate: 0.0% |
| Cost Cutter Family Hair Care | 5 | charge-off rate: 0.0% |
| Culligan Soft Water Service | 8 | charge-off rate: 0.0% |
| Insty-Prints | 8 | charge-off rate: 0.0% |
| Tires Plus | 9 | charge-off rate: 0.0% |
| Play It Again Sports (retail S | 6 | charge-off rate: 0.0% |
| Wild Birds Unlimited | 5 | charge-off rate: 0.0% |
| Bridgeman's Restaurant & Conti | 5 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 291 | $133.5M | charge-off rate: 12.7% | |
| Fitness & Recreational Sports713940 | 289 | $69.5M | charge-off rate: 13.8% | |
| Limited-Service Restaurants722211 | 256 | $67.8M | charge-off rate: 16.8% | |
| Full-Service Restaurants722110 | 117 | $33.0M | charge-off rate: 13.0% | |
| Beauty Salons812112 | 99 | $27.4M | charge-off rate: 9.8% | |
| Hardware Stores444130 | 85 | $20.6M | charge-off rate: 12.3% | |
| Full-Service Restaurants722511 | 84 | $26.1M | charge-off rate: 11.5% | |
| Hotels & Motels721110 | 68 | $87.3M | charge-off rate: 9.8% | |
| General Automotive Repair811111 | 67 | $21.9M | charge-off rate: 25.9% | |
| Other Personal Care Services812199 | 57 | $24.4M | charge-off rate: 12.9% |
Franchise lending volume by year
38'92
23
38
54
61
82'97
49
64
70
73
95'02
117
120
127
81
77'07
85
74
72
75
90'12
70
117
141
137
132'17
114
121
96
162
141'22
162
122
117
29'26
Minnesota 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 Minnesota received?
- 3,226 loans totaling $1136.1M, with 342 charged off. The statewide charge-off rate is 14.1%.
- 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 Minnesota?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Minnesota 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.