2S
SBA 7(a) franchise lending portfolio
22nd State Bank, A Division of 22nd State Banking Company
EXCELLENT risk
- Total loans
- 46
- Loan volume
- $33.0M
- Avg loan size
- $718K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.96%
Franchises funded
33
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Firehouse Subs | 5 | $1.6M | N/A |
| The UPS Store (f/k/a Mail Box | 3 | $2.9M | N/A |
| Little Caesars | 2 | $1.8M | N/A |
| Rita's Ice-Custard-Happiness | 2 | $1.9M | N/A |
| Scenthound | 2 | $787K | N/A |
| Jiffy Lube | 2 | $1.2M | N/A |
| Jersey Mike's | 2 | $732K | N/A |
| Motel 6 | 2 | $2.0M | N/A |
| Duck Donuts | 2 | $477K | N/A |
| Home Instead/Home Instead Seni | 1 | $432K | N/A |
| The Baked Bear | 1 | $380K | N/A |
| Petland/Safari Stan's | 1 | $596K | 0.0% (low risk) |
| Garage Living | 1 | $833K | N/A |
| Tide Dry Cleaners | 1 | $1.2M | N/A |
| The Maids | 1 | $772K | N/A |
| OsteoStrong | 1 | $890K | N/A |
| Jeremiah's Italian Ice | 1 | $299K | N/A |
| Pirtek | 1 | $399K | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 1 | $2.1M | N/A |
| The Spice & Tea Exchange | 1 | $230K | N/A |
Lending volume by year
2'19
2'20
15'21
9'22
9'23
8'24
1'25
Geographic exposure
12N/A
4N/A
30.0% (low risk)
3N/A
2N/A
2N/A
2N/A
2N/A
2N/A
1N/A
Portfolio summary
Total funded$33.0M
Defaults0 of 46
Risk tierEXCELLENT
Avg rate7.96%
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 22nd State Bank, A Division of 22nd State Banking Company originated?
- 46 loans totaling $33.0M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 22nd State Bank, A Division of 22nd State Banking Company fund the most?
- The “Top franchise exposures” table above lists the brands 22nd State Bank, A Division of 22nd State Banking Company has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.