SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Sears Catalog Store franchise in Minnesota: what the public record shows
Franchisees of Sears Catalog Store in Minnesota have taken 12 SBA loans in the FY1991–present FOIA files (average $176,391). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Sears Catalog Store's national ratio is 0.8× (not clearly different from 1.0×).
Loans in MN
12
Charged off (all years)
4 of 10
Loss ratio in MN
—
Loss ratio nationally (not clear)
0.8×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
| System | Loans in MN | Charged off (all years) | Loss ratio in MN | Units in MN |
|---|---|---|---|---|
| Hardware Hank | 44 | 2 of 30 | 0.4×NOT CLEAR | — |
| Ace Hardware | 43 | 1 of 31 | — | — |
| True Value Hardware | 17 | 3 of 13 | — | — |
| Coast-to-Coast Store | 16 | 1 of 13 | — | — |
| Cartridge World | 15 | 3 of 13 | — | — |
| Once Upon a Child | 15 | 0 of 9 | — | — |
| Radioshack | 13 | 2 of 11 | — | — |
| Candleman | 12 | 6 of 10 | — | — |
| Grow Biz International | 12 | 2 of 10 | — | — |
| General Nutrition Center | 11 | 1 of 9 | — | — |
| Plato'S Closet | 11 | 0 of 8 | — | — |
| Do It Best Hardware | 10 | 3 of 7 | — | — |
Other systems in Sears Catalog Store's sector whose franchisees borrowed in Minnesota. 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 Sears Catalog Store’s numbers, including talking you out of a bad deal.