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SBA 7(a) franchise lending portfolio
Alerus Financial, National Association
GOOD risk
- Total loans
- 93
- Loan volume
- $85.7M
- Avg loan size
- $922K
- Default rate
- 7.9%
- vs 15.4% national avg
Defaults
5
Avg interest
6.81%
Franchises funded
57
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hello Sugar, Brazilian Wax and | 9 | $3.7M | — |
| Allstate Insurance | 7 | $2.9M | 0.0% |
| Sylvan Learning Center | 5 | $677K | 40.0% |
| Americinn/Americinn Lodge & Su | 4 | $11.6M | 0.0% |
| Subway Sandwich Shop | 3 | $3.4M | 0.0% |
| Urban Wok | 3 | $1.1M | — |
| Medicap Pharmacy | 2 | $375K | 0.0% |
| Fish Window Cleaning | 2 | $81K | 0.0% |
| Holiday Inn Express | 2 | $10.0M | 0.0% |
| Oil & Vinegar | 2 | $375K | 100.0% |
| Servpro | 2 | $589K | 0.0% |
| OsteoStrong | 2 | $457K | 0.0% |
| Anytime Fitness | 2 | $406K | 0.0% |
| Perspire Sauna Studio | 2 | $707K | 0.0% |
| Qamaria Coffee | 2 | $3.4M | — |
| The Flying Locksmiths / FlyLoc | 2 | $1.2M | — |
| Culver's ButterBurgers & Froze | 2 | $5.0M | — |
| Snap-On-Tools | 1 | $65K | 0.0% |
| Computer Renaissance | 1 | $120K | 0.0% |
| Phillips 66 | 1 | $150K | 0.0% |
Lending volume by year
1'92
1
1
1
1
2'01
1
2
6
1
2'07
2
6
5
9
5'14
1
3
1
5
3'19
4
6
4
8
7'24
5'25
Alerus Financial, National Association default rate by loan vintage
BrandNational avg
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%).