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SBA 7(a) franchise lending portfolio
21st Century Bank
GOOD risk
- Total loans
- 28
- Loan volume
- $8.4M
- Avg loan size
- $299K
- Default 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% |
| Garbageman | 2 | $485K | 0.0% |
| Bee Hive Homes | 2 | $799K | — |
| Purosystems | 1 | $40K | 0.0% |
| Anytime Fitness | 1 | $150K | 0.0% |
| MaidPro | 1 | $416K | — |
| Yoga Six | 1 | $443K | 0.0% |
| Drybar | 1 | $350K | — |
| Martinizing Dry Cleaning | 1 | $60K | 0.0% |
| Great Clips | 1 | $929K | 0.0% |
| Hardware Hank | 1 | $175K | 0.0% |
| 9Round | 1 | $85K | — |
| Health Mart Pharmacies | 1 | $275K | 0.0% |
| Subway Sandwich Shop | 1 | $10K | 0.0% |
| Re/Max Realty | 1 | $150K | 0.0% |
| Carbone's Pizza | 1 | $140K | 0.0% |
| Snap Fitness | 1 | $430K | 100.0% |
| Precision Tune | 1 | $300K | 0.0% |
| Jimmy John's | 1 | $545K | — |
| The UPS Store (f/k/a Mail Box | 1 | $237K | 0.0% |
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
Default 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%), Critical (>20%).