SBA 7(a) franchise lending
North Dakota
ND
- Total loans
- 387
- Loan volume
- $142.3M
- Charge-off rate
- 7.0%
- Jobs created
- 4,223
Charged off
22
Avg interest
6.54%
Job velocity
3.0
per $100K loaned
Franchises active
221
Highest charge-off rates in North Dakota
| Franchise | Resolved loans | State % | National % |
|---|---|---|---|
| Subway Sandwich Shop | 13 | charge-off rate: 0.0% | 6.1% |
Lowest charge-off rates in North Dakota
| Franchise | Resolved loans | Charge-off % |
|---|---|---|
| Subway Sandwich Shop | 13 | charge-off rate: 0.0% |
Resolved loans = paid in full + charged off. A brand with fewer than 10 resolved loans in North Dakota is left out of both tables: too few resolved loans to judge.
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Charge-off % | 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
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 8 |
| FY1993 | 6 |
| FY1994 | 1 |
| FY1995 | 10 |
| FY1996 | 14 |
| FY1997 | 10 |
| FY1998 | 9 |
| FY1999 | 11 |
| FY2000 | 14 |
| FY2001 | 9 |
| FY2002 | 13 |
| FY2003 | 9 |
| FY2004 | 13 |
| FY2005 | 23 |
| FY2006 | 17 |
| FY2007 | 12 |
| FY2008 | 12 |
| FY2009 | 15 |
| FY2010 | 19 |
| FY2011 | 11 |
| FY2012 | 6 |
| FY2013 | 8 |
| FY2014 | 14 |
| FY2015 | 10 |
| FY2016 | 6 |
| FY2017 | 11 |
| FY2018 | 12 |
| FY2019 | 13 |
| FY2020 | 8 |
| FY2021 | 16 |
| FY2022 | 15 |
| FY2023 | 12 |
| FY2024 | 11 |
| FY2025 | 8 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
North Dakota: below all franchise loans in 14 of 15 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 8 | 1 | Too few |
| 1993 | 6 | 0 | Too few |
| 1995 | 10 | 4 | 40.0% |
| 1996 | 14 | 2 | 14.3% |
| 1997 | 10 | 0 | 0.0% |
| 1998 | 9 | 2 | Too few |
| 1999 | 11 | 2 | 18.2% |
| 2000 | 14 | 0 | 0.0% |
| 2001 | 9 | 0 | Too few |
| 2002 | 13 | 2 | 15.4% |
| 2003 | 9 | 0 | Too few |
| 2004 | 13 | 0 | 0.0% |
| 2005 | 23 | 1 | 4.3% |
| 2006 | 17 | 1 | 5.9% |
| 2007 | 12 | 2 | 16.7% |
| 2008 | 12 | 0 | 0.0% |
| 2009 | 15 | 2 | 13.3% |
| 2010 | 19 | 1 | 5.3% |
| 2011 | 9 | 0 | Too few |
| 2012 | 4 | 0 | Too few |
| 2013 | 7 | 0 | Too few |
| 2014 | 13 | 0 | 0.0% |
| 2015 | 8 | 0 | Too few |
| 2016 | 6 | 2 | Too few |
| 2017 | 9 | 0 | Too few |
| 2018 | 11 | 0 | 0.0% |
| 2019 | 7 | 0 | Too few |
| 2020 | 3 | 0 | Too early |
| 2021 | 9 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans. 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.