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SBA 7(a) franchise lending
Ohio
OH
- Total loans
- 5,935
- Loan volume
- $2.8B
- Default rate
- 13.5%
- Jobs created
- 76,803
Defaults
574
Avg interest
7.01%
Job velocity
2.8
per $100K loaned
Franchises active
1,471
Highest default rates in Ohio
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Great Steak And Potato Company | 6 | 83.3% | 29.8% |
| Kabloom | 5 | 80.0% | 32.7% |
| Cici's Pizza | 8 | 75.0% | 24.5% |
| Which Wich | 6 | 66.7% | 27.9% |
| Cottman Transmission | 5 | 60.0% | 36.8% |
| Marble Slab Creamery | 5 | 60.0% | 29.4% |
| Beef O'brady's | 5 | 60.0% | 55.0% |
| Papa Murphy's Take & Bake Pizz | 6 | 50.0% | 5.3% |
| Blimpie | 20 | 45.0% | 30.6% |
| Petland | 35 | 42.9% | 44.2% |
Lowest default rates in Ohio
| Franchise | Loans | Default % |
|---|---|---|
| Inkwell (the) | 9 | 0.0% |
| Geppetto's Pizza | 5 | 0.0% |
| Country Kitchen | 5 | 0.0% |
| Marco's Pizza | 21 | 0.0% |
| General Nutrition Center | 5 | 0.0% |
| Medicine Shoppe | 6 | 0.0% |
| Jersey Mike's (deli Restaurant | 22 | 0.0% |
| Tinder Box | 5 | 0.0% |
| Goodyear Tire | 5 | 0.0% |
| Arby's | 18 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 549 | $242.7M | 7.0% | |
| Limited-Service Restaurants722211 | 515 | $120.5M | 19.3% | |
| Hotels & Motels721110 | 492 | $1.0B | 9.6% | |
| Full-Service Restaurants722110 | 242 | $56.2M | 18.8% | |
| Fitness & Recreational Sports713940 | 235 | $66.5M | 13.4% | |
| Full-Service Restaurants722511 | 231 | $80.6M | 15.5% | |
| Snack & Beverage Bars722515 | 151 | $41.1M | 8.2% | |
| Child Day Care Services624410 | 128 | $118.0M | 6.5% | |
| Beauty Salons812112 | 121 | $23.6M | 7.0% | |
| Other Personal Care Services812199 | 92 | $34.2M | 9.4% |
Franchise lending volume by year
38'92
47
64
122
124
147'97
98
108
136
93
132'02
223
252
240
103
119'07
123
79
96
105
98'12
113
197
269
259
268'17
267
289
245
307
303'22
331
239
256
45'26
Ohio 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.