FranchiseVerdict
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SBA 7(a) franchise lending

North Dakota

ND

Total loans
387
Loan volume
$142.3M
Default rate
7.0%
Jobs created
4,223

Defaults

22

Avg interest

6.54%

Job velocity

3.0

per $100K loaned

Franchises active

221

Highest default rates in North Dakota

FranchiseLoansState %National %
Mrs. Field's Cookies616.7%14.3%
Quiznos714.3%28.1%
Pizza Ranch70.0%9.5%
Dairy Queen60.0%10.7%
Blimpie50.0%30.6%
Subway Sandwich Shop130.0%6.1%
Play It Again Sports (retail S50.0%16.2%
Papa Murphy's Take & Bake Pizz60.0%5.3%
Ace Hardware60.0%14.8%

Lowest default rates in North Dakota

FranchiseLoansDefault %
Pizza Ranch70.0%
Dairy Queen60.0%
Blimpie50.0%
Subway Sandwich Shop130.0%
Play It Again Sports (retail S50.0%
Papa Murphy's Take & Bake Pizz60.0%
Ace Hardware60.0%
Quiznos714.3%
Mrs. Field's Cookies616.7%

Industry performance (NAICS)

Industry (NAICS)LoansVolumeDefault %Risk
Limited-Service Restaurants72221135$6.1M5.7%
Limited-Service Restaurants72251330$15.3M12.5%
Hotels & Motels72111025$46.3M0.0%
Fitness & Recreational Sports71394023$7.8M20.0%
Hardware Stores44413020$4.4M5.9%
Full-Service Restaurants72211013$3.6M0.0%
Snack & Beverage Bars7225159$3.5M0.0%
Other Personal Care Services8121997$1.7M0.0%
4461104461106$4.4M0.0%
Baked Goods Stores4452916$341K0.0%

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 default rate by loan vintage

BrandNational avg
0%5%10%15%20%25%30%35%40%'92'98'03'08'13'18'21

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.