2C
SBA 7(a) franchise lending portfolio
21st Century Bank
GOOD risk
- Total loans
- 28
- Loan volume
- $8.4M
- Avg loan size
- $299K
- Charge-off rate
- 5.6%
- vs 15.4% national avg
Defaults
1
Avg interest
5.94%
Franchises funded
25
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Healthsource Chiropractic | 2 | $420K | 0.0% (low risk) |
| Garbageman | 2 | $485K | 0.0% (low risk) |
| Bee Hive Homes | 2 | $799K | N/A |
| Purosystems | 1 | $40K | 0.0% (low risk) |
| Anytime Fitness | 1 | $150K | 0.0% (low risk) |
| MaidPro | 1 | $416K | N/A |
| Yoga Six | 1 | $443K | 0.0% (low risk) |
| Drybar | 1 | $350K | N/A |
| Martinizing Dry Cleaning | 1 | $60K | 0.0% (low risk) |
| Great Clips | 1 | $929K | 0.0% (low risk) |
| Hardware Hank | 1 | $175K | 0.0% (low risk) |
| 9Round | 1 | $85K | N/A |
| Health Mart Pharmacies | 1 | $275K | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $10K | 0.0% (low risk) |
| Re/Max Realty | 1 | $150K | 0.0% (low risk) |
| Carbone's Pizza | 1 | $140K | 0.0% (low risk) |
| Snap Fitness | 1 | $430K | 100.0% (very high risk) |
| Precision Tune | 1 | $300K | 0.0% (low risk) |
| Jimmy John's | 1 | $545K | N/A |
| The UPS Store (f/k/a Mail Box | 1 | $237K | 0.0% (low risk) |
Lending volume by year
2'09
2'10
3'11
2'12
1'14
1'15
2'16
3'18
3'19
2'20
5'22
1'23
1'25
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has 21st Century Bank originated?
- 28 loans totaling $8.4M. The portfolio carries a 5.6% charge-off rate, earning a “GOOD” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does 21st Century Bank fund the most?
- The “Top franchise exposures” table above lists the brands 21st Century Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.