FRANCHISE·WATCH·DESK

SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA

Hungry Howie'S Pizza franchise in Indiana: what the public record shows

Franchisees of Hungry Howie'S Pizza in Indiana have taken 14 SBA loans since 1991 (average $96,210), and of the 13 loans whose story has ended, 0.0% were charged off — versus 17.9% for Hungry Howie'S Pizza nationally and 14.8% across all rateable franchise brands.

SBA loan outcomes · Indianavs national

Loans in IN

14

Resolved

13

Local charge-off

0.0%

National charge-off

17.9%

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IN. 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.

Market density · Indiana vs nationalTypical density

Businesses in this industry

11,431

statewide, all operators

Per 100k residents

165.1

national 179.9

Versus the country

-8%

thinner

Every business in Hungry Howie'S Pizza'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 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.

Same-sector systems with SBA loan history in Indiana12 systems
SystemLoans in INLocal charge-offUnits in IN
Jimmy John's510.0%
Culver's499.4%
Quiznos4114.3%
Biggby Coffee380.0%
Ritter'S Frozen Custard3626.9%
Blimpie3244.4%
Domino's Pizza304.5%
Smoothie King (Health Food Store)240.0%
Little Caesar Pizza167.1%
Nothing Bundt Cakes16thin
Arby's140.0%
Cold Stone Creamery14thin

Same sector, same state, same public records — how Hungry Howie'S Pizza compares to the systems a buyer in Indiana would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.

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