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SBA 7(a) franchise lending portfolio
Banco Popular de Puerto Rico
AVERAGE risk
- Total loans
- 240
- Loan volume
- $45.1M
- Avg loan size
- $188K
- Default rate
- 14.0%
- vs 15.4% national avg
Defaults
32
Avg interest
7.81%
Franchises funded
89
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 57 | $9.6M | 5.3% |
| Taco Maker | 18 | $3.5M | 16.7% |
| Post Net | 14 | $1.3M | 14.3% |
| Quiznos | 10 | $1.4M | 0.0% |
| Carvel Ice Cream | 8 | $1.3M | 25.0% |
| Quizno's Subs | 6 | $670K | 50.0% |
| Checkers Drive-In Restaurant | 5 | $1.5M | 0.0% |
| Marco's Pizza | 5 | $1.3M | 0.0% |
| Subway | 5 | $758K | 0.0% |
| Cold Stone Creamery, Inc. | 4 | $1.3M | 0.0% |
| All Tune And Lube | 3 | $307K | 66.7% |
| Cornwell Quality Tool Company, | 3 | $154K | 33.3% |
| The Taco Maker, Taco Maker Mex | 3 | $1.3M | — |
| Fastsigns | 3 | $343K | 0.0% |
| Future Kids | 2 | $310K | 0.0% |
| Pearle Vision Center | 2 | $350K | 0.0% |
| Little Ceasar's Pizza | 2 | $700K | 50.0% |
| Minuteman Press | 2 | $210K | 50.0% |
| Steamatic Carpet Cleaning | 2 | $100K | 50.0% |
| Shred-It | 2 | $268K | 0.0% |
Lending volume by year
2'92
2
3
5
9
13'97
22
14
11
6
15'02
19
15
20
6
19'07
10
5
1
3
6'14
5
2
7
4
4'19
4
3
1
3
1'24
Banco Popular de Puerto Rico default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$45.1M
Defaults32 of 240
Risk tierAVERAGE
Avg rate7.81%
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%).