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SBA 7(a) franchise lending
South Dakota
SD
- Total loans
- 490
- Loan volume
- $150.4M
- Default rate
- 11.0%
- Jobs created
- 4,183
Defaults
45
Avg interest
6.60%
Job velocity
2.8
per $100K loaned
Franchises active
280
Highest default rates in South Dakota
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Kentucky Fried Chicken | 5 | 20.0% | 12.8% |
| Radio Shack | 6 | 16.7% | 19.7% |
| Coast-To-Coast Store | 14 | 14.3% | 19.6% |
| Dairy Queen | 15 | 6.7% | 10.7% |
| Pizza Ranch | 19 | 5.3% | 9.5% |
| Super 8 Motel | 9 | 0.0% | 11.6% |
| Culligan Soft Water Service | 6 | 0.0% | 0.0% |
| Subway Sandwich Shop | 11 | 0.0% | 6.1% |
| Anytime Fitness | 6 | 0.0% | 10.7% |
| Jimmy John's | 6 | 0.0% | 5.1% |
Lowest default rates in South Dakota
| Franchise | Loans | Default % |
|---|---|---|
| Super 8 Motel | 9 | 0.0% |
| Culligan Soft Water Service | 6 | 0.0% |
| Subway Sandwich Shop | 11 | 0.0% |
| Anytime Fitness | 6 | 0.0% |
| Jimmy John's | 6 | 0.0% |
| Pizza Ranch | 19 | 5.3% |
| Dairy Queen | 15 | 6.7% |
| Coast-To-Coast Store | 14 | 14.3% |
| Radio Shack | 6 | 16.7% |
| Kentucky Fried Chicken | 5 | 20.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 39 | $21.4M | 4.2% | |
| Limited-Service Restaurants722211 | 34 | $7.2M | 8.8% | |
| Hardware Stores444130 | 25 | $6.5M | 13.0% | |
| Hotels & Motels721110 | 19 | $28.7M | 0.0% | |
| Fitness & Recreational Sports713940 | 16 | $4.5M | 8.3% | |
| Snack & Beverage Bars722515 | 15 | $6.3M | 0.0% | |
| Full-Service Restaurants722110 | 10 | $2.8M | 10.0% | |
| Other Amusement & Recreation713990 | 7 | $1.3M | 0.0% | |
| Other Personal Care Services812199 | 7 | $2.6M | 0.0% | |
| Full-Service Restaurants722511 | 6 | $2.2M | 50.0% |
Franchise lending volume by year
13'92
27
32
28
22
18'97
8
6
15
10
13'02
9
13
14
11
10'07
19
10
12
6
17'12
6
12
7
16
11'17
19
16
15
17
11'22
14
12
17
4'26
South Dakota 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.