50 STATES PLUS DC/TERRITORIES · SBA 7(a)/504 FOIA · FY1991–PRESENT

Franchises by state

Which brands' franchisees banks financed with SBA loans in each state since 1991, and how those loans ended. States with the most loans come first. The loss ratio compares a state's charge-offs on loans approved through FY2020 with what franchise loans approved in the same years nationally would predict: 1.0× is the same, 1.2× is 20% more.

Stateloans · brands · loss ratio vs same-year loans

Texas	14,881	809	1.2×
California	11,639	660	0.9×
Florida	8,036	708	1.2×
Georgia	5,848	626	1.0×NOT CLEAR
Ohio	5,724	592	0.8×
Illinois	5,040	581	1.0×NOT CLEAR
Pennsylvania	4,469	521	0.7×
Michigan	3,944	522	1.0×NOT CLEAR
North Carolina	3,862	566	0.8×
New Jersey	3,689	498	0.9×
New York	3,689	484	1.0×NOT CLEAR
Minnesota	3,446	448	0.8×
Indiana	3,333	491	0.8×
Colorado	3,302	549	0.9×NOT CLEAR
Virginia	3,175	518	0.9×NOT CLEAR
Arizona	2,975	534	1.0×NOT CLEAR
Missouri	2,941	500	1.0×NOT CLEAR
Washington	2,852	413	0.8×
Wisconsin	2,837	435	0.7×
Tennessee	2,163	483	1.1×NOT CLEAR
Massachusetts	2,104	361	0.8×
Maryland	2,096	429	1.0×NOT CLEAR
South Carolina	2,068	441	1.0×NOT CLEAR
Utah	1,716	394	0.7×
Alabama	1,638	346	1.1×NOT CLEAR
Kansas	1,600	377	0.9×NOT CLEAR
Iowa	1,564	324	0.9×NOT CLEAR
Kentucky	1,559	389	1.0×NOT CLEAR
Oklahoma	1,548	354	1.1×NOT CLEAR
Louisiana	1,397	321	1.0×NOT CLEAR
Oregon	1,338	309	0.9×NOT CLEAR
Connecticut	1,163	326	0.9×NOT CLEAR
Nevada	1,127	337	1.2×
Nebraska	1,016	292	0.8×
Idaho	973	302	0.7×
Mississippi	905	248	1.0×NOT CLEAR
Arkansas	889	289	0.9×NOT CLEAR
New Mexico	846	240	0.9×NOT CLEAR
Montana	664	188	0.3×
South Dakota	621	200	0.6×
New Hampshire	594	206	0.8×NOT CLEAR
West Virginia	483	159	0.9×NOT CLEAR
North Dakota	447	164	0.3×
Rhode Island	401	140	0.9×NOT CLEAR
Puerto Rico	394	59	0.9×NOT CLEAR
Maine	393	121	0.5×
Delaware	377	170	0.7×
Wyoming	349	128	0.5×
Hawaii	192	76	0.6×
Alaska	180	91	0.8×NOT CLEAR
Vermont	171	75	0.6×NOT CLEAR
District of Columbia	144	74	0.7×NOT CLEAR

SOURCE: SBA 7(a)/504 FOIA FILES, DATA.SBA.GOV · LOSS RATIO = CHARGE-OFFS ÷ EXPECTED AT SAME-YEAR FRANCHISE RATES, LOANS APPROVED ≤ FY2020, 30+ RESOLVED · NOT CLEAR = WITHIN CHANCE OF 1.0× · SEE EACH STATE'S METHODOLOGY NOTE