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SBA 7(a) franchise lending
Washington
WA
- Total loans
- 3,300
- Loan volume
- $2.4B
- Default rate
- 11.8%
- Jobs created
- 41,836
Defaults
287
Avg interest
6.69%
Job velocity
1.7
per $100K loaned
Franchises active
978
Highest default rates in Washington
| Franchise | Loans | State % | National % |
|---|---|---|---|
| All Tune And Lube | 5 | 100.0% | 43.9% |
| Matco Tools (rent Tools) | 7 | 71.4% | 34.8% |
| Planet Beach | 7 | 57.1% | 55.7% |
| Sport Clips | 8 | 50.0% | 8.6% |
| Fantastic Sam's | 13 | 46.2% | 19.1% |
| Gold's Gym | 5 | 40.0% | 15.9% |
| Cottman Transmission | 5 | 40.0% | 36.8% |
| Papa John's Pizza | 5 | 40.0% | 19.6% |
| Hand And Stone | 5 | 40.0% | 2.4% |
| Precision Tune | 6 | 33.3% | 22.8% |
Lowest default rates in Washington
| Franchise | Loans | Default % |
|---|---|---|
| Comfort Inn | 7 | 0.0% |
| Century 21 | 5 | 0.0% |
| Taco Time | 8 | 0.0% |
| Arco (gas Station) | 13 | 0.0% |
| Great Clips | 12 | 0.0% |
| Rodeway Inns | 6 | 0.0% |
| Papa Murphy's Take & Bake Pizz | 19 | 0.0% |
| Econo Lodge Motel | 8 | 0.0% |
| MAACO Auto Painting Center | 5 | 0.0% |
| Big O Tires | 6 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 337 | $68.9M | 14.5% | |
| Gasoline Stations with Convenience Stores447110 | 296 | $524.6M | 2.5% | |
| Limited-Service Restaurants722513 | 253 | $129.2M | 8.2% | |
| Hotels & Motels721110 | 222 | $616.8M | 2.9% | |
| Fitness & Recreational Sports713940 | 172 | $82.3M | 9.4% | |
| 457110457110 | 106 | $271.7M | 20.0% | |
| Full-Service Restaurants722110 | 77 | $20.5M | 19.7% | |
| Full-Service Restaurants722511 | 68 | $40.4M | 4.9% | |
| Snack & Beverage Bars722515 | 62 | $20.7M | 17.6% | |
| Other Personal Care Services812199 | 54 | $17.6M | 26.5% |
Franchise lending volume by year
34'92
39
53
98
87
65'97
52
46
59
60
78'02
126
104
91
89
71'07
69
43
60
46
64'12
93
125
157
126
154'17
167
163
144
181
134'22
142
112
126
42'26
Washington 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.