SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA
HobbyTown franchise in Virginia: what the public record shows
Franchisees of HobbyTown in Virginia have taken 6 SBA loans since 1991 (average $175,416)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 13.7% is the better guide.
Loans in VA
6
Resolved
4
Local charge-off
thin
National charge-off
13.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. 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 of 30 loans.
| System | Loans in VA | Local charge-off | Units in VA |
|---|---|---|---|
| THE UPS STORE NON-TRADITIONAL | 56 | 0.0% | 140 |
| Once Upon a Child | 12 | 0.0% | — |
| Naturals2Go | 10 | thin | — |
| Play N Trade | 9 | thin | — |
| KID TO KID | 7 | thin | — |
| Play It Again Sports (Retail Sports) | 7 | thin | — |
| Athlete'S Foot | 6 | thin | — |
Same sector, same state, same public records — how HobbyTown compares to the systems a buyer in Virginia 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 HobbyTown's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →