MINNESOTA · SBA 7(a)/504 FOIA · FY1991–PRESENT
Franchises in Minnesota: the loan record
Since 1991, banks have made 2,830 SBA-backed loans to franchisees of 163 different brands in Minnesota. Of the loans already resolved, 11.7% were charged off — 21% 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.
2,830
SBA loans since 1991
163
Brands financed
11.7%
Local charge-off rate
48.9
Loans per 100k residents
| Candleman | 6 of 10 defaulted | 60.0%THIN |
| Cousins Submarines (Restaurant) | 7 of 16 defaulted | 43.8%THIN |
| Planet Beach | 4 of 10 defaulted | 40.0%THIN |
| Sears Catalog Store | 4 of 10 defaulted | 40.0%THIN |
| SYLVAN LEARNING | 4 of 11 defaulted | 36.4%THIN |
| PRECISION TUNE FRANCHISE AGREEMENT | 5 of 16 defaulted | 31.3%THIN |
| Cold Stone Creamery | 7 of 28 defaulted | 25.0%THIN |
| Nautical Bowls | 3 of 12 defaulted | 25.0%THIN |
| Cartridge World | 3 of 13 defaulted | 23.1%THIN |
| True Value Hardware | 3 of 13 defaulted | 23.1%THIN |
| Days Inn | 5 of 22 defaulted | 22.7%THIN |
| Dunn Bros Coffee | 7 of 31 defaulted | 22.6% |
| Quiznos | 13 of 60 defaulted | 21.7% |
| Super 8 | 13 of 61 defaulted | 21.3% |
| Curves for Women | 4 of 20 defaulted | 20.0%THIN |
| Papa Murphy'S | 0 of 37 defaulted | 0.0% |
| Comfort/ Comfort Inn & Suites/ Comfort Suites | 0 of 19 defaulted | 0.0%THIN |
| Pearle Vision | 0 of 18 defaulted | 0.0%THIN |
| Honest-1 | 0 of 15 defaulted | 0.0%THIN |
| Primrose School (Daycare) | 0 of 15 defaulted | 0.0%THIN |
| Tires Plus | 0 of 14 defaulted | 0.0%THIN |
| Best Western Inn | 0 of 13 defaulted | 0.0%THIN |
| GREAT HARVEST BREAD CO. | 0 of 13 defaulted | 0.0%THIN |
| SERVICEMASTER RESTORE | 0 of 13 defaulted | 0.0%THIN |
| European Wax Centers-Galleria | 0 of 12 defaulted | 0.0%THIN |
| GREAT CLIPS | 0 of 12 defaulted | 0.0%THIN |
| Holiday Inn Express | 0 of 12 defaulted | 0.0%THIN |
| Toppers Pizza | 0 of 12 defaulted | 0.0%THIN |
| AMERIPRISE FINANCIAL SERVICES LLC | 0 of 11 defaulted | 0.0%THIN |
| Jimmy John's | 1 of 55 defaulted | 1.8% |
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 Minnesota. 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 Minnesota 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.