SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Color Tile franchise in Minnesota: what the public record shows
Franchisees of Color Tile in Minnesota have taken 7 SBA loans since 1991 (average $81,000)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 34.8% is the better guide.
Loans in MN
7
Resolved
7
Local charge-off
thin
National charge-off
34.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| DAIRY QUEEN | 143 | 5.3% | — |
| Subway | 108 | 5.3% | 355 |
| Nautical Bowls | 30 | 25.0% | 0 |
| Honest-1 | 23 | 0.0% | 16 |
| Fastsigns | 20 | 11.1% | — |
| PRECISION TUNE FRANCHISE AGREEMENT | 19 | 31.3% | 8 |
| Minuteman Press | 18 | 14.3% | — |
| JERSEY MIKE'S | 16 | thin | 63 |
| SERVICEMASTER RESTORE | 15 | 0.0% | 71 |
| Blimpie | 13 | 10.0% | — |
| ECONO LODGE | 13 | 9.1% | 6 |
| Radioshack | 13 | 18.2% | — |
Same sector, same state, same public records — how Color Tile compares to the systems a buyer in Minnesota would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing Color Tile's numbers, including talking you out of a bad deal.