W
SBA 7(a) franchise lending
Washington
WA
- Total loans
- 3,300
- Loan volume
- $2.4B
- Charge-off rate
- 11.8%
- Jobs created
- 41,836
Defaults
287
Avg interest
6.69%
Job velocity
1.7
per $100K loaned
Franchises active
978
Highest charge-off rates in Washington
| Franchise | Loans | State % | National % |
|---|---|---|---|
| All Tune And Lube | 5 | charge-off rate: 100.0% | 43.9% |
| Matco Tools (rent Tools) | 7 | charge-off rate: 71.4% | 34.8% |
| Planet Beach | 7 | charge-off rate: 57.1% | 55.7% |
| Sport Clips | 8 | charge-off rate: 50.0% | 8.6% |
| Fantastic Sam's | 13 | charge-off rate: 46.2% | 19.1% |
| Gold's Gym | 5 | charge-off rate: 40.0% | 15.9% |
| Cottman Transmission | 5 | charge-off rate: 40.0% | 36.8% |
| Papa John's Pizza | 5 | charge-off rate: 40.0% | 19.6% |
| Hand And Stone | 5 | charge-off rate: 40.0% | 2.4% |
| Precision Tune | 6 | charge-off rate: 33.3% | 22.8% |
Lowest charge-off rates in Washington
| Franchise | Loans | Default % |
|---|---|---|
| Comfort Inn | 7 | charge-off rate: 0.0% |
| Century 21 | 5 | charge-off rate: 0.0% |
| Taco Time | 8 | charge-off rate: 0.0% |
| Arco (gas Station) | 13 | charge-off rate: 0.0% |
| Great Clips | 12 | charge-off rate: 0.0% |
| Rodeway Inns | 6 | charge-off rate: 0.0% |
| Papa Murphy's Take & Bake Pizz | 19 | charge-off rate: 0.0% |
| Econo Lodge Motel | 8 | charge-off rate: 0.0% |
| MAACO Auto Painting Center | 5 | charge-off rate: 0.0% |
| Big O Tires | 6 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722211 | 337 | $68.9M | charge-off rate: 14.5% | |
| Gasoline Stations with Convenience Stores447110 | 296 | $524.6M | charge-off rate: 2.5% | |
| Limited-Service Restaurants722513 | 253 | $129.2M | charge-off rate: 8.2% | |
| Hotels & Motels721110 | 222 | $616.8M | charge-off rate: 2.9% | |
| Fitness & Recreational Sports713940 | 172 | $82.3M | charge-off rate: 9.4% | |
| 457110457110 | 106 | $271.7M | charge-off rate: 20.0% | |
| Full-Service Restaurants722110 | 77 | $20.5M | charge-off rate: 19.7% | |
| Full-Service Restaurants722511 | 68 | $40.4M | charge-off rate: 4.9% | |
| Snack & Beverage Bars722515 | 62 | $20.7M | charge-off rate: 17.6% | |
| Other Personal Care Services812199 | 54 | $17.6M | charge-off rate: 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 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 Washington received?
- 3,300 loans totaling $2424.4M, with 287 charged off. The statewide charge-off rate is 11.8%.
- 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 Washington?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Washington 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.