SBA 7(a)/504 FOIA · FY1991–PRESENT · WISCONSIN
Metal Supermarkets franchise in Wisconsin: what the public record shows
Franchisees of Metal Supermarkets in Wisconsin have taken 6 SBA loans in the FY1991–present FOIA files (average $162,500). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Metal Supermarkets's national ratio is 1.1× (not clearly different from 1.0×). Its latest FDD Item 20 state table reports 1 franchised outlets in Wisconsin (fiscal 2025) — about 0.02 per 100k residents.
Loans in WI
6
Charged off (all years)
3 of 4
Loss ratio in WI
—
Loss ratio nationally (not clear)
1.1×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WI. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 2 | 1 |
| 2024 | 1 | 0 |
| 2025 | 1 | 0 |
| System | Loans in WI | Charged off (all years) | Loss ratio in WI | Units in WI |
|---|---|---|---|---|
| Ace Hardware | 46 | 2 of 22 | — | — |
| Piggly Wiggly | 30 | 0 of 14 | — | — |
| Hardware Hank | 27 | 0 of 21 | — | — |
| Play It Again Sports | 14 | 3 of 11 | — | — |
| Radioshack | 10 | 1 of 7 | — | — |
| Once Upon a Child | 8 | 0 of 5 | — | — |
| True Value Hardware | 8 | 2 of 7 | — | — |
| Woodcraft | 8 | 0 of 8 | — | — |
| Ubreakifix | 7 | 0 of 5 | — | — |
| Music Go Round | 5 | 1 of 5 | — | — |
| Plato'S Closet | 5 | 0 of 3 | — | — |
| Sears Catalog Store | 5 | 0 of 5 | — | — |
Other systems in Metal Supermarkets's sector whose franchisees borrowed in Wisconsin. 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 Metal Supermarkets’ numbers, including talking you out of a bad deal.