SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Carbone's Pizzeria and Carbone's Pizza franchise in Minnesota: what the public record shows
Franchisees of Carbone's Pizzeria and Carbone's Pizza in Minnesota have taken 10 SBA loans in the FY1991–present FOIA files (average $315,130). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Carbone's Pizzeria and Carbone's Pizza has too few seasoned resolved loans nationally for a national ratio.
Loans in MN
10
Charged off (all years)
0 of 5
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.
Businesses in this industry
8,754
statewide, all operators
Per 100k residents
151.1
national 179.9
Versus the country
-16%
thinner
Every business in Carbone's Pizzeria and Carbone's Pizza's industry operating in Minnesota — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$507
Minnesota, BLS QCEW 2025
National average
$537
same industry, all states
Versus the country
-6%
cheaper to staff
What Carbone's Pizzeria and Carbone's Pizza's industry actually pays workers in Minnesota, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| System | Loans in MN | Charged off (all years) | Loss ratio in MN | Units in MN |
|---|---|---|---|---|
| DAIRY QUEEN | 143 | 6 of 113 | 0.4× | — |
| Subway | 108 | 4 of 75 | 0.3× | 355 |
| Jimmy John's | 76 | 1 of 55 | 0.1× | — |
| Quiznos | 72 | 13 of 60 | 1.1×NOT CLEAR | — |
| Culver's | 68 | 3 of 49 | 0.4× | — |
| PIZZA RANCH | 57 | 4 of 42 | 0.6×NOT CLEAR | 43 |
| Papa Murphy'S | 54 | 0 of 37 | 0× | — |
| TACO JOHN'S | 37 | 2 of 32 | 0.3×NOT CLEAR | 50 |
| Domino's Pizza | 36 | 1 of 28 | — | — |
| Dunn Bros Coffee | 32 | 7 of 31 | 1.0×NOT CLEAR | — |
| Cold Stone Creamery | 30 | 7 of 28 | — | — |
| Nautical Bowls | 30 | 3 of 12 | — | 0 |
Other systems in Carbone's Pizzeria and Carbone's Pizza'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 Carbone's Pizzeria and Carbone's Pizza’s numbers, including talking you out of a bad deal.