SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Pearle Vision Center franchise in Minnesota: what the public record shows
Franchisees of Pearle Vision Center in Minnesota have taken 29 SBA loans since 1991 (average $413,986), and of the 18 loans whose story has ended, 0.0% were charged off — versus 6.6% for Pearle Vision Center nationally and 14.8% across all rateable franchise brands.
Loans in MN
29
Resolved
18
Local charge-off
0.0%
National charge-off
6.6%
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.
Businesses in this industry
948
statewide, all operators
Per 100k residents
16.4
national 11.6
Versus the country
+41%
denser
Every business in Pearle Vision Center's industry operating in Minnesota — 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.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| Healthsource Chiropractic | 38 | 6.7% | — |
| General Nutrition Center | 11 | thin | — |
| Medicine Shoppe | 7 | thin | — |
| Arcpoint | 5 | thin | — |
Same sector, same state, same public records — how Pearle Vision Center compares to the systems a buyer in Minnesota 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 Pearle Vision Center's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →