SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA
SERVPRO franchise in Indiana: what the public record shows
Franchisees of SERVPRO in Indiana have taken 25 SBA loans since 1991 (average $218,944), and of the 17 loans whose story has ended, 11.8% were charged off — versus 6.4% for SERVPRO nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 48 franchised outlets in Indiana (fiscal 2025) — about 0.69 per 100k residents.
Loans in IN
25
Resolved
17
Local charge-off
11.8%
National charge-off
6.4%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IN. 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
1,445
statewide, all operators
Per 100k residents
20.9
national 26.7
Versus the country
-22%
thinner
Every business in SERVPRO's industry operating in Indiana — 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
$602
Indiana, BLS QCEW 2025
National average
$659
same industry, all states
Versus the country
-9%
cheaper to staff
What SERVPRO's industry actually pays workers in Indiana, 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2014 | 1 | 0 |
| 2015 | 1 | 0 |
| 2016 | 1 | 0 |
| 2023 | 43 | 0 |
| 2024 | 46 | 0 |
| 2025 | 48 | 0 |
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing SERVPRO's numbers, including talking you out of a bad deal.