SBA 7(a) franchise lending portfolio
Banco Popular de Puerto Rico
- Total loans
- 240
- Loan volume
- $45.1M
- Avg loan size
- $188K
- Charge-off rate
- 14.0%
- vs 16.0% national
Charged off
32
Avg interest
7.81%
Franchises funded
89
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 62 | $10.4M | 4.8% (excellent) |
| Taco Maker | 18 | $3.5M | 16.7% (elevated) |
| Quiznos | 16 | $2.1M | N/A |
| Post Net | 14 | $1.3M | 14.3% (average) |
| Carvel Ice Cream | 8 | $1.3M | N/A |
| Checkers Drive-In Restaurant | 5 | $1.5M | N/A |
| Marco's Pizza | 5 | $1.3M | N/A |
| Cold Stone Creamery, Inc. | 4 | $1.3M | N/A |
| All Tune And Lube | 3 | $307K | N/A |
| Cornwell Quality Tool Company, | 3 | $154K | N/A |
| The Taco Maker, Taco Maker Mex | 3 | $1.3M | N/A |
| Fastsigns | 3 | $343K | N/A |
| Future Kids | 2 | $310K | N/A |
| Pearle Vision Center | 2 | $350K | N/A |
| Little Ceasar's Pizza | 2 | $700K | N/A |
| Minuteman Press | 2 | $210K | N/A |
| Steamatic Carpet Cleaning | 2 | $100K | N/A |
| Shred-It | 2 | $268K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 2 |
| FY1993 | 2 |
| FY1994 | 3 |
| FY1995 | 5 |
| FY1996 | 9 |
| FY1997 | 13 |
| FY1998 | 22 |
| FY1999 | 14 |
| FY2000 | 11 |
| FY2001 | 6 |
| FY2002 | 15 |
| FY2003 | 19 |
| FY2004 | 15 |
| FY2005 | 20 |
| FY2006 | 6 |
| FY2007 | 19 |
| FY2008 | 10 |
| FY2009 | 5 |
| FY2010 | 1 |
| FY2011 | 3 |
| FY2014 | 6 |
| FY2015 | 5 |
| FY2016 | 2 |
| FY2017 | 7 |
| FY2018 | 4 |
| FY2019 | 4 |
| FY2020 | 4 |
| FY2021 | 3 |
| FY2022 | 1 |
| FY2023 | 3 |
| FY2024 | 1 |
SBA 7(a) · charge-off rate by approval year
Banco Popular de Puerto Rico: below all franchise loans in 8 of 10 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1994 | 3 | 1 | Too few |
| 1995 | 5 | 3 | Too few |
| 1996 | 9 | 1 | Too few |
| 1997 | 13 | 3 | 23.1% |
| 1998 | 22 | 1 | 4.5% |
| 1999 | 14 | 1 | 7.1% |
| 2000 | 11 | 1 | 9.1% |
| 2001 | 6 | 2 | Too few |
| 2002 | 15 | 1 | 6.7% |
| 2003 | 19 | 1 | 5.3% |
| 2004 | 15 | 2 | 13.3% |
| 2005 | 20 | 2 | 10.0% |
| 2006 | 6 | 2 | Too few |
| 2007 | 19 | 8 | 42.1% |
| 2008 | 10 | 0 | 0.0% |
| 2009 | 4 | 2 | Too few |
| 2011 | 3 | 0 | Too few |
| 2014 | 6 | 0 | Too few |
| 2015 | 5 | 0 | Too few |
| 2017 | 6 | 0 | Too few |
| 2018 | 4 | 0 | Too few |
| 2020 | 3 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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 Banco Popular de Puerto Rico originated?
- 240 loans totaling $45.1M. The portfolio carries a 14.0% 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). 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. Banco Popular de Puerto Rico's rate of 14.0% 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 Banco Popular de Puerto Rico fund the most?
- The “Top franchise exposures” table above lists the brands Banco Popular de Puerto Rico has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.