SBA 7(a)/504 FOIA · FY1991–PRESENT · WASHINGTON
Snap-On Tools franchise in Washington: what the public record shows
Franchisees of Snap-On Tools in Washington have taken 5 SBA loans since 1991 (average $129,000)— 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 11.8% is the better guide.
Loans in WA
5
Resolved
2
Local charge-off
thin
National charge-off
11.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WA. 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
5,171
statewide, all operators
Per 100k residents
65
national 39.6
Versus the country
+64%
denser
Every business in Snap-On Tools's industry operating in Washington — 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 WA | Local charge-off | Units in WA |
|---|---|---|---|
| Ace Hardware | 48 | 9.4% | — |
| Coast-to-Coast Store | 11 | 18.2% | — |
| Mr. Handyman | 7 | thin | — |
| ACE HANDYMAN SERVICES | 6 | thin | 9 |
| PAUL DAVIS RESTORATION INC FRANCHISE AGREEMENT | 6 | thin | — |
| True Value Hardware | 6 | thin | — |
Same sector, same state, same public records — how Snap-On Tools compares to the systems a buyer in Washington 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 Snap-On Tools's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →