SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
Ace Hardware franchise in New York: what the public record shows
Franchisees of Ace Hardware in New York have taken 21 SBA loans in the FY1991–present FOIA files (average $790,557). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Ace Hardware's national ratio is 0.8×.
Loans in NY
21
Charged off (all years)
1 of 12
Loss ratio in NY
—
Loss ratio nationally
0.8×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
| System | Loans in NY | Charged off (all years) | Loss ratio in NY | Units in NY |
|---|---|---|---|---|
| Save - a - Lot | 15 | 1 of 9 | — | — |
| True Value Hardware | 13 | 0 of 8 | — | — |
| Plato'S Closet | 11 | 0 of 7 | — | — |
| Play It Again Sports | 11 | 5 of 9 | — | — |
| Fleet Feet | 8 | 0 of 4 | — | 9 |
| General Nutrition Center | 8 | 2 of 6 | — | — |
| WILD BIRDS UNLIMITED | 8 | 1 of 5 | — | 12 |
| Convenient Food Mart | 7 | 1 of 5 | — | — |
| Cartridge World | 6 | 0 of 4 | — | — |
| Metal Supermarkets | 6 | 0 of 5 | — | 2 |
| Naturals2Go | 5 | 0 of 1 | — | — |
| Once Upon a Child | 5 | 0 of 5 | — | — |
Other systems in Ace Hardware's sector whose franchisees borrowed in New York. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing Ace Hardware’s numbers, including talking you out of a bad deal.