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SBA 7(a) franchise lending
Tennessee
TN
- Total loans
- 2,221
- Loan volume
- $1.3B
- Default rate
- 17.3%
- Jobs created
- 29,602
Defaults
245
Avg interest
7.39%
Job velocity
2.4
per $100K loaned
Franchises active
978
Highest default rates in Tennessee
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 5 | 100.0% | 33.9% |
| Matco Tools (rent Tools) | 16 | 68.8% | 34.8% |
| Planet Beach | 5 | 60.0% | 55.7% |
| Merle Norman Cosmetics | 5 | 60.0% | 20.0% |
| Quiznos | 11 | 45.5% | 28.1% |
| Econo Lodge Motel | 9 | 44.4% | 10.7% |
| Pakmail Centers Of America | 5 | 40.0% | 23.8% |
| Central Park Hamburgers | 5 | 40.0% | 36.4% |
| Schlotzsky's Sandwich Shop | 16 | 37.5% | 21.3% |
| Smoothie King (health Food Sto | 8 | 37.5% | 19.2% |
Lowest default rates in Tennessee
| Franchise | Loans | Default % |
|---|---|---|
| Days Inn | 10 | 0.0% |
| Best Western Inn | 6 | 0.0% |
| Sears Catalog Store | 5 | 0.0% |
| Hampton Inns | 5 | 0.0% |
| Great Clips | 7 | 0.0% |
| Hobbytown Usa | 7 | 0.0% |
| Super 8 Motel | 20 | 0.0% |
| Comfort Inn | 6 | 0.0% |
| Midas Muffler Shop | 5 | 0.0% |
| Dunkin Donuts | 8 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 184 | $387.8M | 10.4% | |
| Limited-Service Restaurants722513 | 184 | $106.2M | 7.7% | |
| Fitness & Recreational Sports713940 | 147 | $56.3M | 12.7% | |
| Limited-Service Restaurants722211 | 137 | $37.2M | 23.5% | |
| Snack & Beverage Bars722515 | 60 | $39.6M | 18.8% | |
| Full-Service Restaurants722511 | 57 | $40.0M | 6.5% | |
| Full-Service Restaurants722110 | 48 | $20.1M | 29.8% | |
| Other Personal Care Services812199 | 46 | $21.5M | 26.7% | |
| General Automotive Repair811111 | 43 | $18.0M | 16.1% | |
| Beauty Salons812112 | 34 | $7.2M | 3.6% |
Franchise lending volume by year
9'92
31
24
50
52
48'97
29
40
38
35
52'02
60
47
64
36
25'07
50
28
31
40
33'12
41
61
95
78
66'17
128
91
85
152
128'22
167
111
163
33'26
Tennessee 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.