SBA 7(a) franchise lending
Rhode Island
RI
- Total loans
- 449
- Loan volume
- $111.9M
- Charge-off rate
- 14.5%
- Jobs created
- 4,206
Charged off
54
Avg interest
7.00%
Job velocity
3.8
per $100K loaned
Franchises active
214
Highest charge-off rates in Rhode Island
| Franchise | Resolved loans | State % | National % |
|---|---|---|---|
| Honey Dew Donuts | 15 | charge-off rate: 20.0% | 15.4% |
| Ronzio | 20 | charge-off rate: 10.0% | 9.1% |
| Subway Sandwich Shop | 52 | charge-off rate: 5.8% | 6.8% |
Lowest charge-off rates in Rhode Island
| Franchise | Resolved loans | Charge-off % |
|---|---|---|
| Subway Sandwich Shop | 52 | charge-off rate: 5.8% |
| Ronzio | 20 | charge-off rate: 10.0% |
| Honey Dew Donuts | 15 | charge-off rate: 20.0% |
Resolved loans = paid in full + charged off. A brand with fewer than 10 resolved loans in Rhode Island is left out of both tables: too few resolved loans to judge.
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Charge-off % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 41 | $5.1M | charge-off rate: 17.1% | |
| Limited-Service Restaurants722513 | 39 | $8.6M | charge-off rate: 4.0% | |
| Fitness & Recreational Sports713940 | 37 | $10.9M | charge-off rate: 11.1% | |
| Full-Service Restaurants722110 | 23 | $3.5M | charge-off rate: 13.0% | |
| Other Personal Services812990 | 9 | $1.6M | charge-off rate: 11.1% | |
| Retail Bakeries311811 | 9 | $3.0M | charge-off rate: 12.5% | |
| Snack & Beverage Bars722515 | 9 | $2.3M | charge-off rate: 14.3% | |
| Full-Service Restaurants722511 | 9 | $2.8M | charge-off rate: 0.0% | |
| General Automotive Repair811111 | 8 | $891K | charge-off rate: 12.5% | |
| Hardware Stores444130 | 8 | $2.8M | charge-off rate: 14.3% |
Franchise lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 3 |
| FY1993 | 7 |
| FY1994 | 5 |
| FY1995 | 20 |
| FY1996 | 22 |
| FY1997 | 17 |
| FY1998 | 8 |
| FY1999 | 9 |
| FY2000 | 13 |
| FY2001 | 11 |
| FY2002 | 18 |
| FY2003 | 24 |
| FY2004 | 16 |
| FY2005 | 30 |
| FY2006 | 11 |
| FY2007 | 12 |
| FY2008 | 14 |
| FY2009 | 7 |
| FY2010 | 10 |
| FY2011 | 4 |
| FY2012 | 2 |
| FY2013 | 9 |
| FY2014 | 18 |
| FY2015 | 23 |
| FY2016 | 14 |
| FY2017 | 9 |
| FY2018 | 18 |
| FY2019 | 17 |
| FY2020 | 8 |
| FY2021 | 15 |
| FY2022 | 10 |
| FY2023 | 12 |
| FY2024 | 16 |
| FY2025 | 16 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Rhode Island: below all franchise loans in 11 of 18 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 3 | 1 | Too few |
| 1993 | 7 | 1 | Too few |
| 1994 | 5 | 1 | Too few |
| 1995 | 20 | 3 | 15.0% |
| 1996 | 22 | 2 | 9.1% |
| 1997 | 17 | 3 | 17.6% |
| 1998 | 8 | 1 | Too few |
| 1999 | 9 | 1 | Too few |
| 2000 | 13 | 3 | 23.1% |
| 2001 | 11 | 1 | 9.1% |
| 2002 | 18 | 0 | 0.0% |
| 2003 | 24 | 2 | 8.3% |
| 2004 | 16 | 2 | 12.5% |
| 2005 | 30 | 8 | 26.7% |
| 2006 | 11 | 6 | 54.5% |
| 2007 | 12 | 4 | 33.3% |
| 2008 | 14 | 5 | 35.7% |
| 2009 | 7 | 0 | Too few |
| 2010 | 10 | 0 | 0.0% |
| 2011 | 4 | 0 | Too few |
| 2013 | 9 | 1 | Too few |
| 2014 | 18 | 2 | 11.1% |
| 2015 | 23 | 2 | 8.7% |
| 2016 | 13 | 2 | 15.4% |
| 2017 | 6 | 1 | Too few |
| 2018 | 15 | 1 | 6.7% |
| 2019 | 11 | 0 | 0.0% |
| 2020 | 5 | 0 | Too early |
| 2022 | 4 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
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 Rhode Island received?
- 449 loans totaling $111.9M, with 54 charged off. The statewide charge-off rate is 14.5%.
- What is a charge-off rate and how should I interpret it?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans. Rates materially above that suggest higher-risk franchise selection or weaker borrower vetting in this state.
- Which franchise brands perform best and worst in Rhode Island?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Rhode Island 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.