AF
SBA 7(a) franchise lending portfolio
Altra FCU
AVERAGE risk
- Total loans
- 13
- Loan volume
- $2.4M
- Avg loan size
- $181K
- Charge-off 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% (low risk) |
| Anytime Fitness | 1 | $391K | 0.0% (low risk) |
| Farmers Insurance | 1 | $80K | 0.0% (low risk) |
| Nekter Juice Bar | 1 | $150K | 0.0% (low risk) |
| Phillips 66 | 1 | $50K | 100.0% (very high risk) |
| Anytime Fitness | 1 | $782K | 0.0% (low risk) |
| Fantastic Sam's | 1 | $50K | 0.0% (low risk) |
| Snap Fitness | 1 | $163K | 0.0% (low risk) |
| Glass Doctor | 1 | $192K | N/A |
| Eupraxia – Know-How License Ag | 1 | $60K | 0.0% (low risk) |
| Bondi Bowls - Intellectual Pro | 1 | $99K | N/A |
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
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 Altra FCU originated?
- 13 loans totaling $2.4M. The portfolio carries a 11.1% charge-off rate, earning a “AVERAGE” 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 Altra FCU fund the most?
- The “Top franchise exposures” table above lists the brands Altra FCU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.