SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
Farmers Insurance agency franchise in Illinois: what the public record shows
Franchisees of Farmers Insurance agency in Illinois have taken 6 SBA loans in the FY1991–present FOIA files (average $279,766). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Farmers Insurance agency's national ratio is 0.9× (not clearly different from 1.0×).
Loans in IL
6
Charged off (all years)
1 of 4
Loss ratio in IL
—
Loss ratio nationally (not clear)
0.9×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. 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
923
statewide, all operators
Per 100k residents
7.3
national 8.1
Versus the country
-10%
thinner
Every business in Farmers Insurance agency's industry operating in Illinois — 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
$1,664
Illinois, BLS QCEW 2025
National average
$1,212
same industry, all states
Versus the country
+37%
costlier to staff
What Farmers Insurance agency's industry actually pays workers in Illinois, 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 IL | Charged off (all years) | Loss ratio in IL | Units in IL |
|---|---|---|---|---|
| THE UPS STORE (TRADITIONAL) | 100 | 1 of 36 | 0.2× | 187 |
| Mail Boxes Etc. Usa | 35 | 4 of 28 | — | — |
| Fastsigns | 29 | 3 of 16 | — | — |
| Signarama | 24 | 2 of 8 | — | — |
| ALPHAGRAPHICS | 21 | 7 of 21 | — | 14 |
| Ameriprise Financial Services | 20 | 0 of 15 | — | — |
| Allstate Insurance | 16 | 0 of 8 | — | — |
| JACKSON HEWITT TAX SERVICE | 14 | 0 of 9 | — | — |
| Minuteman Press | 12 | 4 of 10 | — | — |
| Sir Speedy Printing | 10 | 1 of 7 | — | 4 |
| Express Personnel Services | 9 | 2 of 4 | — | — |
| CMIT Solutions | 7 | 0 of 4 | — | — |
Other systems in Farmers Insurance agency's sector whose franchisees borrowed in Illinois. 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 Farmers Insurance agency’s numbers, including talking you out of a bad deal.