ND
SBA 7(a) franchise lending
North Dakota
ND
- Total loans
- 387
- Loan volume
- $142.3M
- Charge-off rate
- 7.0%
- Jobs created
- 4,223
Defaults
22
Avg interest
6.54%
Job velocity
3.0
per $100K loaned
Franchises active
221
Highest charge-off rates in North Dakota
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Mrs. Field's Cookies | 6 | charge-off rate: 16.7% | 14.3% |
| Quiznos | 7 | charge-off rate: 14.3% | 28.1% |
| Pizza Ranch | 7 | charge-off rate: 0.0% | 9.5% |
| Dairy Queen | 6 | charge-off rate: 0.0% | 10.7% |
| Blimpie | 5 | charge-off rate: 0.0% | 30.6% |
| Subway Sandwich Shop | 13 | charge-off rate: 0.0% | 6.1% |
| Play It Again Sports (retail S | 5 | charge-off rate: 0.0% | 16.2% |
| Papa Murphy's Take & Bake Pizz | 6 | charge-off rate: 0.0% | 5.3% |
| Ace Hardware | 6 | charge-off rate: 0.0% | 14.8% |
Lowest charge-off rates in North Dakota
| Franchise | Loans | Default % |
|---|---|---|
| Pizza Ranch | 7 | charge-off rate: 0.0% |
| Dairy Queen | 6 | charge-off rate: 0.0% |
| Blimpie | 5 | charge-off rate: 0.0% |
| Subway Sandwich Shop | 13 | charge-off rate: 0.0% |
| Play It Again Sports (retail S | 5 | charge-off rate: 0.0% |
| Papa Murphy's Take & Bake Pizz | 6 | charge-off rate: 0.0% |
| Ace Hardware | 6 | charge-off rate: 0.0% |
| Quiznos | 7 | charge-off rate: 14.3% |
| Mrs. Field's Cookies | 6 | charge-off rate: 16.7% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 35 | $6.1M | charge-off rate: 5.7% | |
| Limited-Service Restaurants722513 | 30 | $15.3M | charge-off rate: 12.5% | |
| Hotels & Motels721110 | 25 | $46.3M | charge-off rate: 0.0% | |
| Fitness & Recreational Sports713940 | 23 | $7.8M | charge-off rate: 20.0% | |
| Hardware Stores444130 | 20 | $4.4M | charge-off rate: 5.9% | |
| Full-Service Restaurants722110 | 13 | $3.6M | charge-off rate: 0.0% | |
| Snack & Beverage Bars722515 | 9 | $3.5M | charge-off rate: 0.0% | |
| Other Personal Care Services812199 | 7 | $1.7M | charge-off rate: 0.0% | |
| 446110446110 | 6 | $4.4M | charge-off rate: 0.0% | |
| Baked Goods Stores445291 | 6 | $341K | charge-off rate: 0.0% |
Franchise lending volume by year
8'92
6
1
10
14
10'97
9
11
14
9
13'02
9
13
23
17
12'07
12
15
19
11
6'12
8
14
10
6
11'17
12
13
8
16
15'22
12
11
8
1'26
North Dakota charge-off rate by loan vintage
BrandNational avg
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 North Dakota received?
- 387 loans totaling $142.3M, with 22 charged off. The statewide charge-off rate is 7.0%.
- 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 North Dakota?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in North Dakota 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.