ILLINOIS · SBA 7(a)/504 FOIA · FY1991–PRESENT
Franchises in Illinois: the loan record
Since 1991, banks have made 4,391 SBA-backed loans to franchisees of 245 different brands in Illinois. Of the loans already resolved, 13.9% were charged off — in line with the national franchise baseline of 14.8%. This page is not a directory of who paid to be listed; it is what actually happened to the people who bought franchises here, according to the federal loan record.
4,391
SBA loans since 1991
245
Brands financed
13.9%
Local charge-off rate
34.5
Loans per 100k residents
| Executive Tans | 8 of 10 defaulted | 80.0%THIN |
| Milex/ Mr. Transmission | 5 of 11 defaulted | 45.5%THIN |
| PETLAND | 8 of 18 defaulted | 44.4%THIN |
| Cold Stone Creamery | 14 of 33 defaulted | 42.4% |
| Best Western Inn | 7 of 17 defaulted | 41.2%THIN |
| Minuteman Press | 4 of 10 defaulted | 40.0%THIN |
| Schlotzsky'S | 6 of 16 defaulted | 37.5%THIN |
| Citgo Service Station | 6 of 17 defaulted | 35.3%THIN |
| Days Inn | 9 of 27 defaulted | 33.3%THIN |
| All Tune and Lube | 7 of 21 defaulted | 33.3%THIN |
| Big Apple Bagels | 4 of 12 defaulted | 33.3%THIN |
| ALPHAGRAPHICS | 7 of 22 defaulted | 31.8%THIN |
| EDIBLE ARRANGEMENTS | 5 of 16 defaulted | 31.3%THIN |
| Huntington Learning Center | 4 of 13 defaulted | 30.8%THIN |
| Fantastic Sams | 7 of 23 defaulted | 30.4%THIN |
| Sport Clips | 0 of 35 defaulted | 0.0% |
| Kiddie Academy | 0 of 21 defaulted | 0.0%THIN |
| GREAT CLIPS | 0 of 20 defaulted | 0.0%THIN |
| Smoothie King | 0 of 20 defaulted | 0.0%THIN |
| Motel 6 | 0 of 18 defaulted | 0.0%THIN |
| JERSEY MIKE'S | 0 of 17 defaulted | 0.0%THIN |
| The Goddard School | 0 of 17 defaulted | 0.0%THIN |
| AMERIPRISE FINANCIAL SERVICES LLC | 0 of 15 defaulted | 0.0%THIN |
| Burger King | 0 of 15 defaulted | 0.0%THIN |
| Firehouse Subs | 0 of 13 defaulted | 0.0%THIN |
| JIFFY LUBE | 0 of 13 defaulted | 0.0%THIN |
| Little Caesar Pizza | 0 of 13 defaulted | 0.0%THIN |
| Red Roof Inn | 0 of 13 defaulted | 0.0%THIN |
| SUPERCUTS | 0 of 12 defaulted | 0.0%THIN |
| Wendy'S | 0 of 12 defaulted | 0.0%THIN |
Every SBA 7(a) and 504 loan in the FY1991–present FOIA files (data.sba.gov) whose borrower is matched to a franchise brand and whose borrower state is Illinois. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); still-open loans never dilute the rate. A local rate prints only at 10+ resolved loans in-state, and is marked THIN below 30 — directional, not a verdict. Local conditions, lender mix, and era all sit inside these numbers; read a brand's national record and its FDD before concluding anything. Brand links lead to the full sourced profile; “local record” links to the brand's Illinois loan page.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing the numbers, including talking you out of a bad deal.