V
SBA 7(a) franchise lending
Virginia
VA
- Total loans
- 3,146
- Loan volume
- $1.8B
- Charge-off 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 charge-off rates in Virginia
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Glass Doctor | 5 | charge-off rate: 80.0% | 58.8% |
| Manhattan Bagel Co. | 6 | charge-off rate: 66.7% | 19.2% |
| AAMCO Transmissions | 10 | charge-off rate: 60.0% | 31.8% |
| Snap Fitness | 7 | charge-off rate: 57.1% | 12.3% |
| Chesapeake Bagel Bakery | 6 | charge-off rate: 50.0% | 39.5% |
| Ledo Pizza | 6 | charge-off rate: 50.0% | 16.7% |
| Duck Donuts | 6 | charge-off rate: 50.0% | 20.5% |
| Play N Trade | 9 | charge-off rate: 44.4% | 63.3% |
| Rainbow International Restorat | 9 | charge-off rate: 44.4% | 23.3% |
| California Tortilla | 7 | charge-off rate: 42.9% | 43.8% |
Lowest charge-off rates in Virginia
| Franchise | Loans | Default % |
|---|---|---|
| Subway Sandwich Shop | 65 | charge-off rate: 0.0% |
| Jersey Mike's (deli Restaurant | 5 | charge-off rate: 0.0% |
| Super 8 Motel | 12 | charge-off rate: 0.0% |
| Play It Again Sports (retail S | 5 | charge-off rate: 0.0% |
| Mail Boxes Etc. Usa | 18 | charge-off rate: 0.0% |
| Medicap Pharmacy | 10 | charge-off rate: 0.0% |
| Pakmail Centers Of America | 6 | charge-off rate: 0.0% |
| Once Upon A Child | 8 | charge-off rate: 0.0% |
| Goddard Early Learning Center | 7 | charge-off rate: 0.0% |
| The Goddard School | 9 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 284 | $137.4M | charge-off rate: 9.8% | |
| Hotels & Motels721110 | 270 | $592.0M | charge-off rate: 5.6% | |
| Limited-Service Restaurants722211 | 254 | $67.1M | charge-off rate: 19.8% | |
| Fitness & Recreational Sports713940 | 168 | $56.7M | charge-off rate: 20.0% | |
| Child Day Care Services624410 | 111 | $171.0M | charge-off rate: 3.4% | |
| Full-Service Restaurants722511 | 83 | $50.7M | charge-off rate: 12.2% | |
| Full-Service Restaurants722110 | 70 | $23.5M | charge-off rate: 18.6% | |
| Snack & Beverage Bars722515 | 58 | $24.4M | charge-off rate: 9.1% | |
| Home Health Care Services621610 | 55 | $27.2M | charge-off rate: 9.5% | |
| Other Personal Care Services812199 | 55 | $20.8M | charge-off rate: 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 charge-off 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
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 Virginia received?
- 3,146 loans totaling $1784.5M, with 341 charged off. The statewide charge-off rate is 15.9%.
- What is a charge-off rate and how should I interpret it?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Rates materially above that suggest higher-risk franchise selection or weaker borrower vetting in this state.
- Which franchise brands perform best and worst in Virginia?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Virginia 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.