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SBA 7(a) franchise lending
New Mexico
NM
- Total loans
- 721
- Loan volume
- $484.2M
- Default rate
- 15.4%
- Jobs created
- 7,816
Defaults
81
Avg interest
7.01%
Job velocity
1.6
per $100K loaned
Franchises active
386
Highest default rates in New Mexico
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Matco Tools (rent Tools) | 6 | 83.3% | 34.8% |
| Hampton Inns | 5 | 40.0% | 4.0% |
| Dunkin Donuts | 5 | 40.0% | 8.3% |
| Cici's Pizza | 6 | 33.3% | 24.5% |
| Travelodge | 5 | 20.0% | 8.2% |
| Alphagraphics, Printshops Of T | 5 | 20.0% | 31.8% |
| Cold Stone Creamery, Inc. | 5 | 20.0% | 33.9% |
| Mail Boxes Etc. Usa | 6 | 16.7% | 12.2% |
| Quiznos | 6 | 16.7% | 28.1% |
| Papa Murphy's Take & Bake Pizz | 6 | 16.7% | 5.3% |
Lowest default rates in New Mexico
| Franchise | Loans | Default % |
|---|---|---|
| Dairy Queen | 8 | 0.0% |
| Baskin-Robbins 31 Ice Cream | 8 | 0.0% |
| Wingstop Restaurant | 6 | 0.0% |
| Choice Hotels International In | 5 | 0.0% |
| Jimmy John's | 5 | 0.0% |
| Subway Sandwich Shop | 22 | 4.5% |
| Super 8 Motel | 13 | 7.7% |
| Days Inn | 10 | 10.0% |
| Big O Tires | 8 | 12.5% |
| Mail Boxes Etc. Usa | 6 | 16.7% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 147 | $287.0M | 6.2% | |
| Limited-Service Restaurants722513 | 42 | $24.2M | 3.7% | |
| Limited-Service Restaurants722211 | 41 | $12.2M | 7.5% | |
| Fitness & Recreational Sports713940 | 23 | $7.2M | 7.7% | |
| Full-Service Restaurants722110 | 14 | $4.2M | 28.6% | |
| Hardware Stores444130 | 12 | $8.8M | 27.3% | |
| Snack & Beverage Bars722515 | 12 | $4.2M | 0.0% | |
| 722213722213 | 10 | $2.9M | 10.0% | |
| Other Specialty Food Stores445299 | 9 | $1.4M | 0.0% | |
| Beauty Salons812112 | 8 | $2.0M | 28.6% |
Franchise lending volume by year
15'92
14
27
29
26
28'97
22
33
21
10
24'02
16
20
17
21
18'07
12
17
9
9
8'12
17
16
12
18
23'17
33
31
25
35
24'22
31
25
31
4'26
New Mexico default rate by loan vintage
BrandNational avg
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.