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SBA 7(a) franchise lending
New York
NY
- Total loans
- 3,588
- Loan volume
- $1.7B
- Default rate
- 18.1%
- Jobs created
- 44,299
Defaults
475
Avg interest
7.18%
Job velocity
2.7
per $100K loaned
Franchises active
1,117
Highest default rates in New York
| Franchise | Loans | State % | National % |
|---|---|---|---|
| The Goddard School | 5 | 60.0% | 4.2% |
| Fedex Ground | 10 | 60.0% | 7.4% |
| Play It Again Sports (retail S | 9 | 55.6% | 16.2% |
| Cold Stone Creamery, Inc. | 27 | 55.6% | 33.9% |
| Alphagraphics, Printshops Of T | 6 | 50.0% | 31.8% |
| Nathan's Famous | 8 | 50.0% | 35.3% |
| Planet Beach | 6 | 50.0% | 55.7% |
| Dairy Queen | 9 | 44.4% | 10.7% |
| Hollywood Tans | 16 | 43.8% | 24.1% |
| Cindy's Cinnamon Rolls | 7 | 42.9% | 37.5% |
Lowest default rates in New York
| Franchise | Loans | Default % |
|---|---|---|
| Jackson Hewitt Tax Service | 6 | 0.0% |
| Fantastic Sam's | 8 | 0.0% |
| True Value Hardware | 8 | 0.0% |
| Days Inn | 16 | 0.0% |
| Metal Supermarkets | 5 | 0.0% |
| Tutor Time | 13 | 0.0% |
| Taco Bell | 5 | 0.0% |
| Gold's Gym | 9 | 0.0% |
| Auntie Ann's (soft Pretzels) | 7 | 0.0% |
| Pearle Vision Center | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 406 | $97.7M | 22.4% | |
| Limited-Service Restaurants722513 | 287 | $146.6M | 14.6% | |
| Fitness & Recreational Sports713940 | 264 | $128.7M | 19.2% | |
| Hotels & Motels721110 | 183 | $444.0M | 6.5% | |
| Full-Service Restaurants722110 | 104 | $25.8M | 14.4% | |
| Full-Service Restaurants722511 | 81 | $52.6M | 17.4% | |
| Child Day Care Services624410 | 80 | $59.9M | 13.2% | |
| Other Personal Care Services812199 | 76 | $31.4M | 16.7% | |
| Retail Bakeries311811 | 72 | $44.2M | 18.8% | |
| Snack & Beverage Bars722515 | 65 | $28.8M | 13.0% |
Franchise lending volume by year
34'92
32
31
50
64
92'97
57
56
56
81
112'02
142
155
190
93
96'07
93
68
71
68
57'12
80
158
152
147
143'17
166
169
121
145
132'22
146
110
181
40'26
New York 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.