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SBA 7(a) franchise lending portfolio
Altra FCU
AVERAGE risk
- Total loans
- 13
- Loan volume
- $2.4M
- Avg loan size
- $181K
- Default rate
- 11.1%
- vs 15.4% national avg
Defaults
1
Avg interest
5.92%
Franchises funded
11
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Burn Boot Camp Fitness | 3 | $337K | 0.0% |
| Anytime Fitness | 1 | $391K | 0.0% |
| Farmers Insurance | 1 | $80K | 0.0% |
| Nekter Juice Bar | 1 | $150K | 0.0% |
| Phillips 66 | 1 | $50K | 100.0% |
| Anytime Fitness | 1 | $782K | 0.0% |
| Fantastic Sam's | 1 | $50K | 0.0% |
| Snap Fitness | 1 | $163K | 0.0% |
| Glass Doctor | 1 | $192K | — |
| Eupraxia – Know-How License Ag | 1 | $60K | 0.0% |
| Bondi Bowls - Intellectual Pro | 1 | $99K | — |
Lending volume by year
1'11
1'12
1'13
1'15
1'17
3'18
1'20
1'21
1'22
2'23
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%).