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SBA 7(a) franchise lending
Virginia
VA
- Total loans
- 3,146
- Loan volume
- $1.8B
- Default rate
- 15.9%
- Jobs created
- 43,283
Defaults
341
Avg interest
7.37%
Job velocity
2.4
per $100K loaned
Franchises active
1,118
Highest default rates in Virginia
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Glass Doctor | 5 | 80.0% | 58.8% |
| Manhattan Bagel Co. | 6 | 66.7% | 19.2% |
| AAMCO Transmissions | 10 | 60.0% | 31.8% |
| Snap Fitness | 7 | 57.1% | 12.3% |
| Chesapeake Bagel Bakery | 6 | 50.0% | 39.5% |
| Ledo Pizza | 6 | 50.0% | 16.7% |
| Duck Donuts | 6 | 50.0% | 20.5% |
| Play N Trade | 9 | 44.4% | 63.3% |
| Rainbow International Restorat | 9 | 44.4% | 23.3% |
| California Tortilla | 7 | 42.9% | 43.8% |
Lowest default rates in Virginia
| Franchise | Loans | Default % |
|---|---|---|
| Subway Sandwich Shop | 65 | 0.0% |
| Jersey Mike's (deli Restaurant | 5 | 0.0% |
| Super 8 Motel | 12 | 0.0% |
| Play It Again Sports (retail S | 5 | 0.0% |
| Mail Boxes Etc. Usa | 18 | 0.0% |
| Medicap Pharmacy | 10 | 0.0% |
| Pakmail Centers Of America | 6 | 0.0% |
| Once Upon A Child | 8 | 0.0% |
| Goddard Early Learning Center | 7 | 0.0% |
| The Goddard School | 9 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 284 | $137.4M | 9.8% | |
| Hotels & Motels721110 | 270 | $592.0M | 5.6% | |
| Limited-Service Restaurants722211 | 254 | $67.1M | 19.8% | |
| Fitness & Recreational Sports713940 | 168 | $56.7M | 20.0% | |
| Child Day Care Services624410 | 111 | $171.0M | 3.4% | |
| Full-Service Restaurants722511 | 83 | $50.7M | 12.2% | |
| Full-Service Restaurants722110 | 70 | $23.5M | 18.6% | |
| Snack & Beverage Bars722515 | 58 | $24.4M | 9.1% | |
| Home Health Care Services621610 | 55 | $27.2M | 9.5% | |
| Other Personal Care Services812199 | 55 | $20.8M | 19.2% |
Franchise lending volume by year
18'92
15
39
58
56
68'97
42
73
57
55
67'02
75
91
89
98
63'07
80
50
53
51
56'12
59
107
139
125
137'17
162
157
105
154
150'22
187
153
213
44'26
Virginia 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.