SBA 7(a)/504 FOIA · FY1991–PRESENT · COLORADO
Padgett Business Service franchise in Colorado: what the public record shows
Franchisees of Padgett Business Service in Colorado have taken 7 SBA loans since 1991 (average $297,600)— 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 8.7% is the better guide.
Loans in CO
7
Resolved
6
Local charge-off
thin
National charge-off
8.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = CO. 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
522
statewide, all operators
Per 100k residents
8.8
national 8.1
Versus the country
+9%
denser
Every business in Padgett Business Service's industry operating in Colorado — 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
$1,017
Colorado, BLS QCEW 2025
National average
$1,212
same industry, all states
Versus the country
-16%
cheaper to staff
What Padgett Business Service's industry actually pays workers in Colorado, 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.
| System | Loans in CO | Local charge-off | Units in CO |
|---|---|---|---|
| Mail Boxes Etc. Usa | 31 | 34.5% | — |
| Farmers Insurance Agent Appointment Agreement | 10 | thin | — |
| Allstate Insurance | 8 | thin | — |
| AMERIPRISE FINANCIAL SERVICES LLC | 8 | thin | — |
| Patrice & Associates | 5 | thin | — |
Same sector, same state, same public records — how Padgett Business Service compares to the systems a buyer in Colorado 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 Padgett Business Service's numbers, including talking you out of a bad deal.