SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Nautical Bowls franchise in Minnesota: what the public record shows
Franchisees of Nautical Bowls in Minnesota have taken 30 SBA loans since 1991 (average $269,256), and of the 12 loans whose story has ended, 25.0% were charged off — versus 16.7% for Nautical Bowls nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 0 franchised outlets in Minnesota (fiscal 2019).
Loans in MN
30
Resolved
12
Local charge-off
25.0%
National charge-off
16.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2017 | 0 | 0 |
| 2018 | 0 | 1 |
| 2019 | 0 | 1 |
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| DAIRY QUEEN | 143 | 5.3% | — |
| Subway | 108 | 5.3% | 355 |
| Honest-1 | 23 | 0.0% | 16 |
| Fastsigns | 20 | 11.1% | — |
| Budget Blinds | 19 | thin | — |
| PRECISION TUNE FRANCHISE AGREEMENT | 19 | 31.3% | 8 |
| Minuteman Press | 18 | 14.3% | — |
| SERVICEMASTER RESTORE | 15 | 0.0% | 71 |
| Radioshack | 13 | 18.2% | — |
| Sport Clips | 13 | 10.0% | 46 |
| Sears Catalog Store | 12 | 40.0% | — |
| Country Kitchen | 11 | 10.0% | — |
Same sector, same state, same public records — how Nautical Bowls compares to the systems a buyer in Minnesota would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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