NJ
SBA 7(a) franchise lending
New Jersey
NJ
- Total loans
- 3,759
- Loan volume
- $1.8B
- Charge-off 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 charge-off rates in New Jersey
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Maggiemoo's (ice Cream) | 5 | charge-off rate: 80.0% | 35.6% |
| Arby's | 5 | charge-off rate: 60.0% | 19.1% |
| Huntington Learning Center | 5 | charge-off rate: 60.0% | 36.4% |
| Cottman Transmission | 21 | charge-off rate: 57.1% | 36.8% |
| Planet Beach | 9 | charge-off rate: 44.4% | 55.7% |
| Petrucci's Dairy Barn | 7 | charge-off rate: 42.9% | 31.2% |
| Shake A Paw Puppies | 5 | charge-off rate: 40.0% | 63.6% |
| Midas Muffler Shop | 5 | charge-off rate: 40.0% | 15.1% |
| Melting Pot | 5 | charge-off rate: 40.0% | 29.3% |
| Philly Connection | 5 | charge-off rate: 40.0% | 38.4% |
Lowest charge-off rates in New Jersey
| Franchise | Loans | Default % |
|---|---|---|
| Jersey Mike's (deli Restaurant | 8 | charge-off rate: 0.0% |
| Pearle Vision Center | 8 | charge-off rate: 0.0% |
| Mobil Oil (stations) | 12 | charge-off rate: 0.0% |
| Management Recruiters | 8 | charge-off rate: 0.0% |
| Century 21 | 9 | charge-off rate: 0.0% |
| Days Inn | 11 | charge-off rate: 0.0% |
| Play It Again Sports (retail S | 8 | charge-off rate: 0.0% |
| One-Hour Moto Photo | 5 | charge-off rate: 0.0% |
| Burger King | 22 | charge-off rate: 0.0% |
| Merry Maids | 6 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 394 | $116.5M | charge-off rate: 22.3% | |
| Fitness & Recreational Sports713940 | 287 | $156.3M | charge-off rate: 12.8% | |
| Limited-Service Restaurants722513 | 263 | $121.0M | charge-off rate: 14.1% | |
| Child Day Care Services624410 | 187 | $195.5M | charge-off rate: 4.0% | |
| Other Personal Care Services812199 | 115 | $41.3M | charge-off rate: 16.7% | |
| Snack & Beverage Bars722515 | 109 | $42.2M | charge-off rate: 6.9% | |
| Hotels & Motels721110 | 106 | $272.9M | charge-off rate: 8.3% | |
| Beauty Salons812112 | 104 | $29.2M | charge-off rate: 12.9% | |
| Full-Service Restaurants722511 | 78 | $49.0M | charge-off rate: 16.7% | |
| Full-Service Restaurants722110 | 77 | $33.9M | charge-off rate: 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 charge-off 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
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 New Jersey received?
- 3,759 loans totaling $1780.8M, with 416 charged off. The statewide charge-off rate is 15.4%.
- 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 New Jersey?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in New Jersey 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.