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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
- Default 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 | — |
| The UPS Store (f/k/a Mail Box | 3 | $2.9M | — |
| Little Caesars | 2 | $1.8M | — |
| Rita's Ice-Custard-Happiness | 2 | $1.9M | — |
| Scenthound | 2 | $787K | — |
| Jiffy Lube | 2 | $1.2M | — |
| Jersey Mike's | 2 | $732K | — |
| Motel 6 | 2 | $2.0M | — |
| Duck Donuts | 2 | $477K | — |
| Home Instead/Home Instead Seni | 1 | $432K | — |
| The Baked Bear | 1 | $380K | — |
| Petland/Safari Stan's | 1 | $596K | 0.0% |
| Garage Living | 1 | $833K | — |
| Tide Dry Cleaners | 1 | $1.2M | — |
| The Maids | 1 | $772K | — |
| OsteoStrong | 1 | $890K | — |
| Jeremiah's Italian Ice | 1 | $299K | — |
| Pirtek | 1 | $399K | 0.0% |
| Quality Inn by Choice Hotels / | 1 | $2.1M | — |
| The Spice & Tea Exchange | 1 | $230K | — |
Lending volume by year
2'19
2'20
15'21
9'22
9'23
8'24
1'25
Geographic exposure
12—
4—
30.0%
3—
2—
2—
2—
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
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%).