RHODE ISLAND · SBA 7(a)/504 FOIA · FY1991–PRESENT
Franchises in Rhode Island: the loan record
Since 1991, banks have made 205 SBA-backed loans to franchisees of 22 different brands in Rhode Island. Of the loans already resolved, 9.3% were charged off — 37% 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.
205
SBA loans since 1991
22
Brands financed
9.3%
Local charge-off rate
18.4
Loans per 100k residents
| Honey Dew Donuts | 3 of 15 defaulted | 20.0%THIN |
| Subway | 3 of 57 defaulted | 5.3% |
| Subway | 3 of 57 defaulted | 5.3% |
| Honey Dew Donuts | 3 of 15 defaulted | 20.0%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 Rhode Island. 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 Rhode Island 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.