INDIANA · SBA 7(a)/504 FOIA · FY1991–PRESENT
Franchises in Indiana: the loan record
Since 1991, banks have made 2,717 SBA-backed loans to franchisees of 180 different brands in Indiana. Of the loans already resolved, 11.3% were charged off — 24% below 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.
2,717
SBA loans since 1991
180
Brands financed
11.3%
Local charge-off rate
39.2
Loans per 100k residents
| Schlotzsky'S | 6 of 10 defaulted | 60.0%THIN |
| Orange Leaf | 6 of 11 defaulted | 54.5%THIN |
| Fantastic Sams | 5 of 10 defaulted | 50.0%THIN |
| Matco Tools | 6 of 13 defaulted | 46.2%THIN |
| Blimpie | 12 of 27 defaulted | 44.4%THIN |
| Sport Clips | 6 of 14 defaulted | 42.9%THIN |
| Knights Inn | 5 of 12 defaulted | 41.7%THIN |
| Days Inn | 8 of 24 defaulted | 33.3%THIN |
| Ramada Inn | 5 of 16 defaulted | 31.3%THIN |
| Best Western Inn | 7 of 23 defaulted | 30.4%THIN |
| Ritter'S Frozen Custard | 7 of 26 defaulted | 26.9%THIN |
| Curves for Women | 3 of 14 defaulted | 21.4%THIN |
| Mail Boxes Etc. Usa | 3 of 15 defaulted | 20.0%THIN |
| ECONO LODGE | 2 of 10 defaulted | 20.0%THIN |
| Firehouse Subs | 2 of 11 defaulted | 18.2%THIN |
| Jimmy John's | 0 of 38 defaulted | 0.0% |
| Baymont Inn & Suites | 0 of 19 defaulted | 0.0%THIN |
| Red Roof Inn | 0 of 17 defaulted | 0.0%THIN |
| Smoothie King | 0 of 17 defaulted | 0.0%THIN |
| MASSAGE ENVY | 0 of 16 defaulted | 0.0%THIN |
| Midas Muffler Shop | 0 of 16 defaulted | 0.0%THIN |
| Hungry Howie'S | 0 of 13 defaulted | 0.0%THIN |
| Biggby Coffee | 0 of 12 defaulted | 0.0%THIN |
| AMERIPRISE FINANCIAL SERVICES LLC | 0 of 11 defaulted | 0.0%THIN |
| Arby's | 0 of 11 defaulted | 0.0%THIN |
| Allstate Insurance | 0 of 10 defaulted | 0.0%THIN |
| La Quinta Inn | 0 of 10 defaulted | 0.0%THIN |
| DAIRY QUEEN | 2 of 104 defaulted | 1.9% |
| Subway | 6 of 191 defaulted | 3.1% |
| THE UPS STORE NON-TRADITIONAL | 1 of 29 defaulted | 3.4%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 Indiana. 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 Indiana 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.