SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
WaterStation franchise in Illinois: what the public record shows
Franchisees of WaterStation in Illinois have taken 7 SBA loans since 1991 (average $861,214)— 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 2.0% is the better guide.
Loans in IL
7
Resolved
3
Local charge-off
thin
National charge-off
2.0%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. 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.
| System | Loans in IL | Local charge-off | Units in IL |
|---|---|---|---|
| Subway | 303 | 8.9% | 811 |
| DAIRY QUEEN | 129 | 16.0% | — |
| Sport Clips | 40 | 0.0% | 109 |
| MASSAGE ENVY | 39 | 6.3% | 45 |
| QUALITY INN | 37 | 11.8% | 51 |
| JERSEY MIKE'S | 34 | 0.0% | 106 |
| Fastsigns | 29 | 18.8% | — |
| ALPHAGRAPHICS | 25 | 31.8% | 14 |
| SERVICEMASTER RESTORE | 24 | 10.5% | 123 |
| Signarama | 24 | thin | — |
| EDIBLE ARRANGEMENTS | 22 | 31.3% | 29 |
| Matco Tools | 22 | 15.0% | — |
Same sector, same state, same public records — how WaterStation compares to the systems a buyer in Illinois 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 WaterStation's numbers, including talking you out of a bad deal.