FRANCHISE·WATCH·DESK

SBA 7(a)/504 FOIA · FY1991–PRESENT · INDIANA

URBAN AIR ADVENTURE PARK franchise in Indiana: what the public record shows

Franchisees of URBAN AIR ADVENTURE PARK in Indiana have taken 8 SBA loans in the FY1991–present FOIA files (average $3,020,750). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. URBAN AIR ADVENTURE PARK's national ratio is 0.6× (not clearly different from 1.0×).

SBA loan outcomes · Indianavs same-year franchise loans

Loans in IN

8

Charged off (all years)

0 of 3

Loss ratio in IN

—

Loss ratio nationally (not clear)

0.6×

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IN. 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.

Market density · Indiana vs nationalThin market

Businesses in this industry

689

statewide, all operators

Per 100k residents

10

national 11.9

Versus the country

-16%

thinner

Every business in URBAN AIR ADVENTURE PARK'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 the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.

Labor cost · Indiana vs nationalTypical wages

Avg weekly wage, this industry

$387

Indiana, BLS QCEW 2025

National average

$438

same industry, all states

Versus the country

-12%

cheaper to staff

What URBAN AIR ADVENTURE PARK'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 cost signal is 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.

Same-sector systems with SBA loan history in Indiana2 systems
SystemLoans in INCharged off (all years)Loss ratio in INUnits in IN
Skyzone80 of 6——
X-GOLF60 of 1—3

Other systems in URBAN AIR ADVENTURE PARK's sector whose franchisees borrowed in Indiana. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.

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