BO
SBA 7(a) franchise lending portfolio
Bank of America, National Association
Risk rating: Elevated
- Total loans
- 2,329
- Loan volume
- $426.7M
- Avg loan size
- $183K
- Charge-off rate
- 15.0%
- vs 16.0% national
Charged off
320
Avg interest
5.96%
Franchises funded
733
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 166 | $13.2M | 5.4% (good) |
| Mail Boxes Etc. Usa | 101 | $29.8M | 5.1% (good) |
| Matco Tools (rent Tools) | 58 | $4.6M | 15.5% (elevated) |
| Christian Brothers Automotive | 53 | $20.1M | 0.0% (excellent) |
| Domino's Pizza | 43 | $3.9M | 14.0% (average) |
| Blimpie | 32 | $2.5M | 22.6% (high risk) |
| Quiznos | 31 | $3.9M | 12.9% (average) |
| Dairy Queen | 28 | $5.7M | 17.9% (elevated) |
| Dunkin Donuts | 25 | $5.5M | 0.0% (excellent) |
| Minuteman Press | 23 | $1.9M | 17.4% (elevated) |
| Baskin-Robbins 31 Ice Cream | 19 | $2.3M | 0.0% (excellent) |
| MAACO Auto Painting Center | 18 | $2.8M | 11.1% (average) |
| Curves For Women | 18 | $614K | 22.2% (high risk) |
| All Tune And Lube | 17 | $1.6M | 37.5% (high risk) |
| AAMCO Transmissions | 17 | $2.1M | 11.8% (average) |
| General Nutrition Center | 16 | $1.5M | 12.5% (average) |
| Medicap Pharmacy | 15 | $1.8M | 7.1% (good) |
| Meineke Car Care | 15 | $2.2M | 13.3% (average) |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 55 |
| FY1993 | 70 |
| FY1994 | 93 |
| FY1995 | 171 |
| FY1996 | 151 |
| FY1997 | 163 |
| FY1998 | 98 |
| FY1999 | 90 |
| FY2000 | 97 |
| FY2001 | 138 |
| FY2002 | 261 |
| FY2003 | 229 |
| FY2004 | 156 |
| FY2005 | 142 |
| FY2006 | 26 |
| FY2007 | 46 |
| FY2008 | 29 |
| FY2009 | 3 |
| FY2010 | 2 |
| FY2011 | 2 |
| FY2012 | 6 |
| FY2013 | 11 |
| FY2014 | 5 |
| FY2015 | 16 |
| FY2016 | 12 |
| FY2017 | 11 |
| FY2018 | 31 |
| FY2019 | 45 |
| FY2020 | 18 |
| FY2021 | 6 |
| FY2022 | 26 |
| FY2023 | 25 |
| FY2024 | 18 |
| FY2025 | 59 |
| FY2026 | 18 |
SBA 7(a) · charge-off rate by approval year
Bank of America, National Association: below all franchise loans in 15 of 22 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 |
|---|---|---|---|
| 1992 | 54 | 7 | 13.0% |
| 1993 | 66 | 7 | 10.6% |
| 1994 | 89 | 7 | 7.9% |
| 1995 | 168 | 34 | 20.2% |
| 1996 | 150 | 21 | 14.0% |
| 1997 | 161 | 17 | 10.6% |
| 1998 | 98 | 8 | 8.2% |
| 1999 | 90 | 8 | 8.9% |
| 2000 | 97 | 13 | 13.4% |
| 2001 | 138 | 19 | 13.8% |
| 2002 | 261 | 34 | 13.0% |
| 2003 | 229 | 29 | 12.7% |
| 2004 | 156 | 27 | 17.3% |
| 2005 | 142 | 33 | 23.2% |
| 2006 | 26 | 11 | 42.3% |
| 2007 | 46 | 28 | 60.9% |
| 2008 | 29 | 14 | 48.3% |
| 2009 | 3 | 1 | Too few |
| 2012 | 6 | 0 | Too few |
| 2013 | 11 | 1 | 9.1% |
| 2014 | 5 | 0 | Too few |
| 2015 | 16 | 1 | 6.2% |
| 2016 | 11 | 0 | 0.0% |
| 2017 | 7 | 0 | Too few |
| 2018 | 19 | 0 | 0.0% |
| 2019 | 30 | 0 | 0.0% |
| 2020 | 9 | 0 | Too early |
| 2022 | 5 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
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.
Geographic exposure
24619.1% (elevated)
20621.7% (high risk)
20116.6% (elevated)
12814.0% (average)
12112.0% (average)
11513.2% (average)
986.8% (good)
9527.5% (high risk)
9413.8% (average)
8616.9% (elevated)
Portfolio summary
Total funded$426.7M
Charged off320 of 2,329
Risk tierElevated
Avg rate5.96%
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 Bank of America, National Association originated?
- 2,329 loans totaling $426.7M. The portfolio carries a 15.0% charge-off rate, earning a “Elevated” 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. Bank of America, National Association's rate of 15.0% is near 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 Bank of America, National Association fund the most?
- The “Top franchise exposures” table above lists the brands Bank of America, 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.