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 since 1991 (average $176,391), and of the 10 loans whose story has ended, 40.0% were charged off — versus 15.7% for Sears Catalog Store nationally and 14.8% across all rateable franchise brands.
Loans in MN
12
Resolved
10
Local charge-off
40.0%
National charge-off
15.7%
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.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| THE UPS STORE NON-TRADITIONAL | 44 | 4.8% | 62 |
| Cartridge World | 15 | 23.1% | — |
| Once Upon a Child | 15 | thin | — |
| Candleman | 12 | 60.0% | — |
| Grow Biz International | 12 | 20.0% | — |
| Ben Franklin Store | 9 | thin | — |
| Play It Again Sports | 8 | thin | — |
| FLOWERAMA | 7 | thin | — |
| Music Go Round | 7 | thin | — |
| Golf U.S.a. (Retail Golf Equip.) | 5 | thin | — |
Same sector, same state, same public records — how Sears Catalog Store 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. I'm paid by you — and the job is pressure-testing Sears Catalog Store's numbers, including talking you out of a bad deal.