SBA 7(a)/504 FOIA · FY1991–PRESENT · IOWA
LINE-X franchise in Iowa: what the public record shows
Franchisees of LINE-X in Iowa have taken 5 SBA loans since 1991 (average $106,200)— 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 3 franchised outlets in Iowa (fiscal 2025) — about 0.09 per 100k residents.
Loans in IA
5
Resolved
4
Local charge-off
thin
National charge-off
13.3%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IA. 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
1,322
statewide, all operators
Per 100k residents
40.8
national 30.2
Versus the country
+35%
denser
Every business in LINE-X's industry operating in Iowa — 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2021 | 10 | — |
| 2022 | 10 | — |
| 2023 | 8 | — |
| 2023 | 8 | 0 |
| 2024 | 2 | 0 |
| 2025 | 3 | 0 |
| System | Loans in IA | Local charge-off | Units in IA |
|---|---|---|---|
| Napa Auto Parts | 12 | 8.3% | — |
| Cottman Transmission | 5 | thin | — |
Same sector, same state, same public records — how LINE-X compares to the systems a buyer in Iowa 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. An independent CPA is paid by you — and the job is pressure-testing LINE-X's numbers, including talking you out of a bad deal.
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