![Minnesota logo](https://cdn.brandfetch.io/mn.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
Minnesota
MN
- Total loans
- 3,226
- Loan volume
- $1.1B
- Default rate
- 14.1%
- Jobs created
- 46,069
Defaults
342
Avg interest
6.75%
Job velocity
4.0
per $100K loaned
Franchises active
939
Highest default rates in Minnesota
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Candleman | 10 | 60.0% | 48.8% |
| Nick-N-Willy's Pizza | 5 | 60.0% | 51.4% |
| Champion Auto Store | 6 | 50.0% | 21.1% |
| Huntington Learning Center | 8 | 50.0% | 36.4% |
| Sylvan Learning Center | 10 | 50.0% | 25.9% |
| Fitness Together | 6 | 50.0% | 32.9% |
| Cousins Submarines (restaurant | 16 | 43.8% | 24.6% |
| Music Go Round | 7 | 42.9% | 25.0% |
| Certa Propainters | 7 | 42.9% | 21.1% |
| Rocky Mountain Chocolate Facto | 5 | 40.0% | 20.6% |
Lowest default rates in Minnesota
| Franchise | Loans | Default % |
|---|---|---|
| Perkins Restaurants | 5 | 0.0% |
| Once Upon A Child | 7 | 0.0% |
| Burger King | 5 | 0.0% |
| Cost Cutter Family Hair Care | 5 | 0.0% |
| Culligan Soft Water Service | 8 | 0.0% |
| Insty-Prints | 8 | 0.0% |
| Tires Plus | 9 | 0.0% |
| Play It Again Sports (retail S | 6 | 0.0% |
| Wild Birds Unlimited | 5 | 0.0% |
| Bridgeman's Restaurant & Conti | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 291 | $133.5M | 12.7% | |
| Fitness & Recreational Sports713940 | 289 | $69.5M | 13.8% | |
| Limited-Service Restaurants722211 | 256 | $67.8M | 16.8% | |
| Full-Service Restaurants722110 | 117 | $33.0M | 13.0% | |
| Beauty Salons812112 | 99 | $27.4M | 9.8% | |
| Hardware Stores444130 | 85 | $20.6M | 12.3% | |
| Full-Service Restaurants722511 | 84 | $26.1M | 11.5% | |
| Hotels & Motels721110 | 68 | $87.3M | 9.8% | |
| General Automotive Repair811111 | 67 | $21.9M | 25.9% | |
| Other Personal Care Services812199 | 57 | $24.4M | 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 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.