AF
SBA 7(a) franchise lending portfolio
Alerus Financial, National Association
Risk rating: Good
- Total loans
- 93
- Loan volume
- $85.7M
- Avg loan size
- $922K
- Charge-off rate
- 7.9%
- vs 16.0% national
Charged off
5
Avg interest
6.81%
Franchises funded
57
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Hello Sugar, Brazilian Wax and | 9 | $3.7M | N/A |
| Allstate Insurance | 7 | $2.9M | N/A |
| Sylvan Learning Center | 5 | $677K | N/A |
| Americinn/Americinn Lodge & Su | 4 | $11.6M | N/A |
| Subway Sandwich Shop | 3 | $3.4M | N/A |
| Urban Wok | 3 | $1.1M | N/A |
| Medicap Pharmacy | 2 | $375K | N/A |
| Fish Window Cleaning | 2 | $81K | N/A |
| Holiday Inn Express | 2 | $10.0M | N/A |
| Oil & Vinegar | 2 | $375K | N/A |
| Servpro | 2 | $589K | N/A |
| OsteoStrong | 2 | $457K | N/A |
| Anytime Fitness | 2 | $406K | N/A |
| Perspire Sauna Studio | 2 | $707K | N/A |
| Qamaria Coffee | 2 | $3.4M | N/A |
| The Flying Locksmiths / FlyLoc | 2 | $1.2M | N/A |
| Culver's ButterBurgers & Froze | 2 | $5.0M | N/A |
| Snap-On-Tools | 1 | $65K | N/A |
| Computer Renaissance | 1 | $120K | N/A |
| Phillips 66 | 1 | $150K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 1 |
| FY1994 | 1 |
| FY1996 | 1 |
| FY1998 | 1 |
| FY2001 | 2 |
| FY2003 | 1 |
| FY2004 | 2 |
| FY2005 | 6 |
| FY2006 | 1 |
| FY2007 | 2 |
| FY2008 | 2 |
| FY2011 | 6 |
| FY2012 | 5 |
| FY2013 | 9 |
| FY2014 | 5 |
| FY2015 | 1 |
| FY2016 | 3 |
| FY2017 | 1 |
| FY2018 | 5 |
| FY2019 | 3 |
| FY2020 | 4 |
| FY2021 | 6 |
| FY2022 | 4 |
| FY2023 | 8 |
| FY2024 | 7 |
| FY2025 | 5 |
SBA 7(a) · charge-off rate by approval year
Alerus Financial, National Association charge-off rate by loan vintage
None of these 7 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2005 | 6 | 0 | Too few |
| 2011 | 6 | 0 | Too few |
| 2012 | 5 | 1 | Too few |
| 2013 | 9 | 1 | Too few |
| 2014 | 5 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2021 | 5 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 Alerus Financial, National Association originated?
- 93 loans totaling $85.7M. The portfolio carries a 7.9% 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Alerus Financial, National Association's rate of 7.9% is below the national rate.
- 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 Alerus Financial, National Association fund the most?
- The “Top franchise exposures” table above lists the brands Alerus Financial, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.