SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA
Citgo Service Station franchise in Indiana: what the public record shows
Franchisees of Citgo Service Station in Indiana have taken 8 SBA loans in the FY1991–present FOIA files (average $677,750). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Citgo Service Station's national ratio is 0.8× (not clearly different from 1.0×).
Loans in IN
8
Charged off (all years)
1 of 8
Loss ratio in IN
—
Loss ratio nationally (not clear)
0.8×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IN. 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
2,248
statewide, all operators
Per 100k residents
32.5
national 30.2
Versus the country
+8%
denser
Every business in Citgo Service Station's industry operating in Indiana — 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
$925
Indiana, BLS QCEW 2025
National average
$1,002
same industry, all states
Versus the country
-8%
cheaper to staff
What Citgo Service Station's industry actually pays workers in Indiana, 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 IN | Charged off (all years) | Loss ratio in IN | Units in IN |
|---|---|---|---|---|
| Meineke | 24 | 3 of 22 | — | — |
| Midas | 22 | 0 of 4 | — | — |
| BIG O TIRES | 20 | 3 of 7 | — | 21 |
| Matco Tools | 15 | 6 of 13 | — | — |
| Midas Muffler Shop | 14 | 0 of 13 | — | — |
| Marathon Oil | 12 | 0 of 6 | — | — |
| Aamco Transmissions | 11 | 1 of 7 | — | — |
| Chrysler | 11 | 0 of 3 | — | — |
| Maaco | 9 | 1 of 8 | — | — |
| Shell Service Station | 9 | 2 of 6 | — | — |
| Ford Motor (Dealers) | 8 | 0 of 6 | — | — |
| Phillips 66 | 8 | 0 of 7 | — | — |
Other systems in Citgo Service Station's sector whose franchisees borrowed in Indiana. 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 Citgo Service Station’s numbers, including talking you out of a bad deal.