SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
BRICKS AND MINFIGS franchise in Minnesota: what the public record shows
Franchisees of BRICKS AND MINFIGS in Minnesota have taken 6 SBA loans in the FY1991–present FOIA files (average $188,233). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. BRICKS AND MINFIGS has too few seasoned resolved loans nationally for a national ratio. Its latest FDD Item 20 state table reports 10 franchised outlets in Minnesota (fiscal 2025) — about 0.17 per 100k residents.
Loans in MN
6
Charged off (all years)
—
Loss ratio in MN
—
Loss ratio nationally
—
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 1 | — |
| 2024 | 6 | — |
| 2025 | 10 | — |
| System | Loans in MN | Charged off (all years) | Loss ratio in MN | Units in MN |
|---|---|---|---|---|
| Hardware Hank | 44 | 2 of 30 | 0.4×NOT CLEAR | — |
| Ace Hardware | 43 | 1 of 31 | — | — |
| True Value Hardware | 17 | 3 of 13 | — | — |
| Coast-to-Coast Store | 16 | 1 of 13 | — | — |
| Cartridge World | 15 | 3 of 13 | — | — |
| Once Upon a Child | 15 | 0 of 9 | — | — |
| Radioshack | 13 | 2 of 11 | — | — |
| Candleman | 12 | 6 of 10 | — | — |
| Grow Biz International | 12 | 2 of 10 | — | — |
| Sears Catalog Store | 12 | 4 of 10 | — | — |
| General Nutrition Center | 11 | 1 of 9 | — | — |
| Plato'S Closet | 11 | 0 of 8 | — | — |
Other systems in BRICKS AND MINFIGS's sector whose franchisees borrowed in Minnesota. 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 BRICKS AND MINFIGS’ numbers, including talking you out of a bad deal.