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SBA 7(a) franchise lending
New Jersey
NJ
- Total loans
- 3,759
- Loan volume
- $1.8B
- Default rate
- 15.4%
- Jobs created
- 49,884
Defaults
416
Avg interest
7.32%
Job velocity
2.8
per $100K loaned
Franchises active
1,105
Highest default rates in New Jersey
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Maggiemoo's (ice Cream) | 5 | 80.0% | 35.6% |
| Arby's | 5 | 60.0% | 19.1% |
| Huntington Learning Center | 5 | 60.0% | 36.4% |
| Cottman Transmission | 21 | 57.1% | 36.8% |
| Planet Beach | 9 | 44.4% | 55.7% |
| Petrucci's Dairy Barn | 7 | 42.9% | 31.2% |
| Shake A Paw Puppies | 5 | 40.0% | 63.6% |
| Midas Muffler Shop | 5 | 40.0% | 15.1% |
| Melting Pot | 5 | 40.0% | 29.3% |
| Philly Connection | 5 | 40.0% | 38.4% |
Lowest default rates in New Jersey
| Franchise | Loans | Default % |
|---|---|---|
| Jersey Mike's (deli Restaurant | 8 | 0.0% |
| Pearle Vision Center | 8 | 0.0% |
| Mobil Oil (stations) | 12 | 0.0% |
| Management Recruiters | 8 | 0.0% |
| Century 21 | 9 | 0.0% |
| Days Inn | 11 | 0.0% |
| Play It Again Sports (retail S | 8 | 0.0% |
| One-Hour Moto Photo | 5 | 0.0% |
| Burger King | 22 | 0.0% |
| Merry Maids | 6 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 394 | $116.5M | 22.3% | |
| Fitness & Recreational Sports713940 | 287 | $156.3M | 12.8% | |
| Limited-Service Restaurants722513 | 263 | $121.0M | 14.1% | |
| Child Day Care Services624410 | 187 | $195.5M | 4.0% | |
| Other Personal Care Services812199 | 115 | $41.3M | 16.7% | |
| Snack & Beverage Bars722515 | 109 | $42.2M | 6.9% | |
| Hotels & Motels721110 | 106 | $272.9M | 8.3% | |
| Beauty Salons812112 | 104 | $29.2M | 12.9% | |
| Full-Service Restaurants722511 | 78 | $49.0M | 16.7% | |
| Full-Service Restaurants722110 | 77 | $33.9M | 19.5% |
Franchise lending volume by year
21'92
21
34
49
50
84'97
88
52
53
82
121'02
156
207
192
85
105'07
89
53
60
58
75'12
99
123
156
145
147'17
195
160
99
163
139'22
173
166
216
43'26
New Jersey 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.