SBA 7(a)/504 FOIA · FY1991–PRESENT · WISCONSIN
Culver's franchise in Wisconsin: what the public record shows
Franchisees of Culver's in Wisconsin have taken 154 SBA loans since 1991 (average $712,898), and of the 110 loans whose story has ended, 0.0% were charged off — versus 2.2% for Culver's nationally and 14.8% across all rateable franchise brands.
Loans in WI
154
Resolved
110
Local charge-off
0.0%
National charge-off
2.2%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WI. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
Businesses in this industry
10,130
statewide, all operators
Per 100k residents
169.9
national 179.9
Versus the country
-6%
thinner
Every business in Culver's's industry operating in Wisconsin — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in WI | Local charge-off | Units in WI |
|---|---|---|---|
| Cousins Submarines (Restaurant) | 69 | 15.2% | — |
| Quiznos | 55 | 33.3% | — |
| Toppers Pizza | 52 | 0.0% | — |
| Papa Murphy'S Take & Bake Pizza | 46 | 0.0% | — |
| Jimmy John's | 39 | 3.3% | — |
| Domino's Pizza | 33 | 3.7% | — |
| PIZZA RANCH | 26 | 6.7% | 30 |
| TACO JOHN'S | 22 | 54.5% | 33 |
| Cold Stone Creamery | 21 | 33.3% | — |
| Rosati'S Pizza | 19 | 26.7% | — |
| Schlotzsky'S Sandwich Shop | 16 | 7.7% | — |
| SCOOTER'S COFFEE | 11 | thin | 23 |
Same sector, same state, same public records — how Culver's compares to the systems a buyer in Wisconsin would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Culver's's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →