The Most Profitable Franchises Backed by SBA Loans

Starting a franchise can be a great way to become your own boss and take control of your career. However, starting a business of any kind can be an expensive endeavor with financial risk.

One way to mitigate that risk is by financing a franchise through a Small Business Administration (SBA) loan, which is a government-backed loan program specifically designed to help small businesses and entrepreneurs access the capital they need to start or grow their businesses. The SBA works with participating lenders, such as banks and credit unions, to provide loan guarantees and other forms of assistance to small businesses.

Understanding which franchises have been successful in the past can help prospective owners make informed decisions about which franchise opportunities might be the best fit. Here are 10 of the most profitable franchises that are backed by SBA loans, according to VettedBiz.

• Paid-in-Full-Rate: 44.7%

• Charged Off Rate: 0%

• SBA Loan Success Ratio: 180:0 (meaning, on average, for every 180 loans paid in full, 0 have been charged off)

• Paid-in-Full-Rate: 27.5%

• SBA Loan Success Ratio: 170:0

• Paid-in-Full-Rate: 32.3%

• SBA Loan Success Ratio: 114:0

• Paid-in-Full-Rate: 51.5%

• SBA Loan Success Ratio: 106:0

• Paid-in-Full-Rate: 65.2%

• SBA Loan Success Ratio: 88:0

• Paid-in-Full-Rate: 37.9%

• SBA Loan Success Ratio: 72:0

• Paid-in-Full-Rate: 72.6%

• SBA Loan Success Ratio: 61:0

• Paid-in-Full-Rate: 38.6%

• SBA Loan Success Ratio: 51:0

• Paid-in-Full-Rate: 49.5%

• Paid-in-Full-Rate: 45.8%

• Charged Off Rate: 0.3%

• SBA Loan Success Ratio: 137:1