SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA
LINE-X franchise in Indiana: what the public record shows
Franchisees of LINE-X in Indiana have taken 7 SBA loans since 1991 (average $138,485)— 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 13.3% is the better guide. Its latest FDD Item 20 state table reports 2 franchised outlets in Indiana (fiscal 2025) — about 0.03 per 100k residents.
Loans in IN
7
Resolved
5
Local charge-off
thin
National charge-off
13.3%
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 of 30 loans.
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 LINE-X'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.
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 LINE-X'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 is a real cost signal 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2021 | 11 | — |
| 2022 | 11 | — |
| 2023 | 11 | — |
| 2023 | 11 | 0 |
| 2024 | 3 | 0 |
| 2025 | 2 | 0 |
| System | Loans in IN | Local charge-off | Units in IN |
|---|---|---|---|
| Midas Muffler Shop | 35 | 0.0% | — |
| Meineke | 24 | 13.6% | — |
| Marathon Oil | 12 | thin | — |
| Aamco Transmissions | 11 | thin | — |
| Maaco Auto Painting Center | 9 | thin | — |
| Shell Service Station | 9 | thin | — |
| Citgo Service Station | 8 | thin | — |
| Phillips 66 | 8 | thin | — |
| All Tune and Lube | 7 | thin | — |
| Amoco (Gas Station) | 6 | thin | — |
| Sunoco Service Station | 6 | thin | — |
| JIFFY LUBE | 5 | thin | 70 |
Same sector, same state, same public records — how LINE-X compares to the systems a buyer in Indiana 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 LINE-X's numbers, including talking you out of a bad deal.