SBA 7(a) franchise lending
South Dakota
SD
- Total loans
- 490
- Loan volume
- $150.4M
- Charge-off rate
- 11.0%
- Jobs created
- 4,183
Charged off
45
Avg interest
6.60%
Job velocity
2.8
per $100K loaned
Franchises active
280
Highest charge-off rates in South Dakota
| Franchise | Resolved loans | State % | National % |
|---|---|---|---|
| Coast-To-Coast Store | 14 | charge-off rate: 14.3% | 19.6% |
| Dairy Queen | 15 | charge-off rate: 6.7% | 10.7% |
| Pizza Ranch | 20 | charge-off rate: 5.0% | 8.7% |
| Subway Sandwich Shop | 12 | charge-off rate: 0.0% | 6.2% |
| Super 8 Motel | 12 | charge-off rate: 0.0% | 8.2% |
Lowest charge-off rates in South Dakota
| Franchise | Resolved loans | Charge-off % |
|---|---|---|
| Subway Sandwich Shop | 12 | charge-off rate: 0.0% |
| Super 8 Motel | 12 | charge-off rate: 0.0% |
| Pizza Ranch | 20 | charge-off rate: 5.0% |
| Dairy Queen | 15 | charge-off rate: 6.7% |
| Coast-To-Coast Store | 14 | charge-off rate: 14.3% |
Resolved loans = paid in full + charged off. A brand with fewer than 10 resolved loans in South Dakota is left out of both tables: too few resolved loans to judge.
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Charge-off % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 39 | $21.4M | charge-off rate: 4.2% | |
| Limited-Service Restaurants722211 | 34 | $7.2M | charge-off rate: 8.8% | |
| Hardware Stores444130 | 25 | $6.5M | charge-off rate: 13.0% | |
| Hotels & Motels721110 | 19 | $28.7M | charge-off rate: 0.0% | |
| Fitness & Recreational Sports713940 | 16 | $4.5M | charge-off rate: 8.3% | |
| Snack & Beverage Bars722515 | 15 | $6.3M | charge-off rate: 0.0% | |
| Full-Service Restaurants722110 | 10 | $2.8M | charge-off rate: 10.0% | |
| Other Amusement & Recreation713990 | 7 | $1.3M | charge-off rate: 0.0% | |
| Other Personal Care Services812199 | 7 | $2.6M | charge-off rate: 0.0% | |
| Full-Service Restaurants722511 | 6 | $2.2M | charge-off rate: 50.0% |
Franchise lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 13 |
| FY1993 | 27 |
| FY1994 | 32 |
| FY1995 | 28 |
| FY1996 | 22 |
| FY1997 | 18 |
| FY1998 | 8 |
| FY1999 | 6 |
| FY2000 | 15 |
| FY2001 | 10 |
| FY2002 | 13 |
| FY2003 | 9 |
| FY2004 | 13 |
| FY2005 | 14 |
| FY2006 | 11 |
| FY2007 | 10 |
| FY2008 | 19 |
| FY2009 | 10 |
| FY2010 | 12 |
| FY2011 | 6 |
| FY2012 | 17 |
| FY2013 | 6 |
| FY2014 | 12 |
| FY2015 | 7 |
| FY2016 | 16 |
| FY2017 | 11 |
| FY2018 | 19 |
| FY2019 | 16 |
| FY2020 | 15 |
| FY2021 | 17 |
| FY2022 | 11 |
| FY2023 | 14 |
| FY2024 | 12 |
| FY2025 | 17 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
South Dakota: below all franchise loans in 14 of 22 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 | 13 | 0 | 0.0% |
| 1993 | 27 | 0 | 0.0% |
| 1994 | 32 | 2 | 6.2% |
| 1995 | 28 | 5 | 17.9% |
| 1996 | 22 | 4 | 18.2% |
| 1997 | 18 | 3 | 16.7% |
| 1998 | 8 | 1 | Too few |
| 1999 | 6 | 3 | Too few |
| 2000 | 15 | 5 | 33.3% |
| 2001 | 10 | 1 | 10.0% |
| 2002 | 13 | 1 | 7.7% |
| 2003 | 9 | 1 | Too few |
| 2004 | 13 | 0 | 0.0% |
| 2005 | 14 | 1 | 7.1% |
| 2006 | 11 | 4 | 36.4% |
| 2007 | 10 | 2 | 20.0% |
| 2008 | 19 | 2 | 10.5% |
| 2009 | 10 | 0 | 0.0% |
| 2010 | 12 | 0 | 0.0% |
| 2011 | 6 | 0 | Too few |
| 2012 | 17 | 4 | 23.5% |
| 2013 | 6 | 0 | Too few |
| 2014 | 12 | 2 | 16.7% |
| 2015 | 7 | 0 | Too few |
| 2016 | 11 | 0 | 0.0% |
| 2017 | 9 | 1 | Too few |
| 2018 | 16 | 0 | 0.0% |
| 2019 | 14 | 1 | 7.1% |
| 2020 | 8 | 0 | Too early |
| 2021 | 11 | 1 | 9.1% |
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 South Dakota received?
- 490 loans totaling $150.4M, with 45 charged off. The statewide charge-off rate is 11.0%.
- 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 South Dakota?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in South Dakota 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.