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SBA 7(a) franchise lending
Mississippi
MS
- Total loans
- 818
- Loan volume
- $538.2M
- Default rate
- 15.1%
- Jobs created
- 10,901
Defaults
86
Avg interest
6.77%
Job velocity
2.0
per $100K loaned
Franchises active
424
Highest default rates in Mississippi
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Tcby | 8 | 62.5% | 22.8% |
| Meineke Car Care | 5 | 40.0% | 28.3% |
| Quiznos | 5 | 40.0% | 28.1% |
| Super 8 Motel | 9 | 33.3% | 11.6% |
| Pizza Inn | 6 | 33.3% | 25.0% |
| Dairy Queen | 6 | 33.3% | 10.7% |
| Anytime Fitness | 6 | 16.7% | 10.7% |
| Fox's Pizza Den | 7 | 14.3% | 25.2% |
| Little Caesar Pizza | 11 | 9.1% | 7.7% |
| Subway Sandwich Shop | 36 | 5.6% | 6.1% |
Lowest default rates in Mississippi
| Franchise | Loans | Default % |
|---|---|---|
| Comfort Inn | 8 | 0.0% |
| Ramada Inn | 6 | 0.0% |
| Jackson Hewitt Tax Service | 5 | 0.0% |
| Days Inn | 10 | 0.0% |
| Mail Boxes Etc. Usa | 6 | 0.0% |
| Servpro | 10 | 0.0% |
| Ace Hardware | 7 | 0.0% |
| Super 8 | 5 | 0.0% |
| Subway Sandwich Shop | 36 | 5.6% |
| Little Caesar Pizza | 11 | 9.1% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 145 | $277.8M | 5.1% | |
| Limited-Service Restaurants722513 | 78 | $37.4M | 4.8% | |
| Limited-Service Restaurants722211 | 60 | $17.1M | 21.7% | |
| Full-Service Restaurants722511 | 36 | $17.3M | 5.6% | |
| Fitness & Recreational Sports713940 | 27 | $6.5M | 9.5% | |
| Full-Service Restaurants722110 | 21 | $5.1M | 15.0% | |
| Carpet & Upholstery Cleaning561740 | 17 | $5.9M | 6.7% | |
| Snack & Beverage Bars722515 | 15 | $7.7M | 0.0% | |
| Private Mail Centers561431 | 13 | $1.5M | 8.3% | |
| Tax Preparation Services541213 | 12 | $2.8M | 11.1% |
Franchise lending volume by year
6'92
10
16
29
15
15'97
10
19
13
19
25'02
26
21
19
17
18'07
17
10
17
26
16'12
18
24
40
38
26'17
29
46
39
43
36'22
40
30
38
7'26
Mississippi default rate by loan vintage
BrandNational avg
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.