WV
SBA 7(a) franchise lending
West Virginia
WV
- Total loans
- 490
- Loan volume
- $223.9M
- Charge-off rate
- 15.5%
- Jobs created
- 5,188
Defaults
60
Avg interest
6.87%
Job velocity
2.3
per $100K loaned
Franchises active
253
Highest charge-off rates in West Virginia
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Matco Tools (rent Tools) | 5 | charge-off rate: 40.0% | 34.8% |
| Fox's Pizza Den | 14 | charge-off rate: 21.4% | 25.2% |
| Ace Hardware | 7 | charge-off rate: 14.3% | 14.8% |
| Subway Sandwich Shop | 40 | charge-off rate: 12.5% | 6.1% |
| Heavenly Hams | 5 | charge-off rate: 0.0% | 18.9% |
| Mail Boxes Etc. Usa | 6 | charge-off rate: 0.0% | 12.2% |
| Dairy Queen | 5 | charge-off rate: 0.0% | 10.7% |
| Penn Station, Inc. | 5 | charge-off rate: 0.0% | 2.7% |
| Anytime Fitness | 5 | charge-off rate: 0.0% | 10.7% |
| Cottman Transmission | 5 | charge-off rate: 0.0% | 36.8% |
Lowest charge-off rates in West Virginia
| Franchise | Loans | Default % |
|---|---|---|
| Heavenly Hams | 5 | charge-off rate: 0.0% |
| Mail Boxes Etc. Usa | 6 | charge-off rate: 0.0% |
| Dairy Queen | 5 | charge-off rate: 0.0% |
| Penn Station, Inc. | 5 | charge-off rate: 0.0% |
| Anytime Fitness | 5 | charge-off rate: 0.0% |
| Cottman Transmission | 5 | charge-off rate: 0.0% |
| Marco's Pizza | 8 | charge-off rate: 0.0% |
| Subway Sandwich Shop | 40 | charge-off rate: 12.5% |
| Ace Hardware | 7 | charge-off rate: 14.3% |
| Fox's Pizza Den | 14 | charge-off rate: 21.4% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 51 | $119.2M | charge-off rate: 10.3% | |
| Limited-Service Restaurants722211 | 42 | $9.8M | charge-off rate: 14.6% | |
| Limited-Service Restaurants722513 | 37 | $15.5M | charge-off rate: 10.5% | |
| Full-Service Restaurants722110 | 22 | $5.1M | charge-off rate: 9.1% | |
| Fitness & Recreational Sports713940 | 18 | $6.9M | charge-off rate: 0.0% | |
| Full-Service Restaurants722511 | 15 | $6.2M | charge-off rate: 0.0% | |
| Hardware Stores444130 | 14 | $3.6M | charge-off rate: 14.3% | |
| General Automotive Repair811111 | 8 | $2.4M | charge-off rate: 14.3% | |
| Sporting Goods Stores451110 | 5 | $495K | charge-off rate: 20.0% | |
| Automotive Exhaust Repair811112 | 5 | $702K | charge-off rate: 20.0% |
Franchise lending volume by year
7'92
9
11
34
18
28'97
18
16
24
11
15'02
19
7
13
10
11'07
9
8
8
5
10'12
4
7
14
18
22'17
13
18
13
23
22'22
20
12
13'25
West Virginia charge-off rate by loan vintage
BrandNational avg
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 West Virginia received?
- 490 loans totaling $223.9M, with 60 charged off. The statewide charge-off rate is 15.5%.
- 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 West Virginia?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in West 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.