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SBA 7(a) franchise lending portfolio
Bank of America, National Association
ELEVATED risk
- Total loans
- 2,329
- Loan volume
- $426.7M
- Avg loan size
- $183K
- Default rate
- 15.0%
- vs 15.4% national avg
Defaults
320
Avg interest
5.96%
Franchises funded
733
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 166 | $13.2M | 5.4% |
| Matco Tools (rent Tools) | 58 | $4.6M | 15.5% |
| Mail Boxes Etc. Usa | 58 | $5.4M | 5.3% |
| Domino's Pizza | 43 | $3.9M | 14.0% |
| The UPS Store (f/k/a Mail Box | 43 | $24.4M | 0.0% |
| Christian Brothers Automotive | 33 | $15.5M | 0.0% |
| Blimpie | 32 | $2.5M | 22.6% |
| Quiznos | 31 | $3.9M | 12.9% |
| Dairy Queen | 28 | $5.7M | 17.9% |
| Dunkin Donuts | 25 | $5.5M | 0.0% |
| Minuteman Press | 23 | $1.9M | 17.4% |
| Christian Brothers Automotive | 20 | $4.6M | 0.0% |
| Baskin-Robbins 31 Ice Cream | 19 | $2.3M | 0.0% |
| MAACO Auto Painting Center | 18 | $2.8M | 11.1% |
| Curves For Women | 18 | $614K | 22.2% |
| All Tune And Lube | 17 | $1.6M | 37.5% |
| AAMCO Transmissions | 17 | $2.1M | 11.8% |
| General Nutrition Center | 16 | $1.5M | 12.5% |
| Medicap Pharmacy | 15 | $1.8M | 7.1% |
| Meineke Car Care | 15 | $2.2M | 13.3% |
Lending volume by year
55'92
70
93
171
151
163'97
98
90
97
138
261'02
229
156
142
26
46'07
29
3
2
2
6'12
11
5
16
12
11'17
31
45
18
6
26'22
25
18
59
18'26
Bank of America, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
24619.1%
20621.7%
20116.6%
12814.0%
12112.0%
11513.2%
986.8%
9527.5%
9413.8%
8616.9%
Portfolio summary
Total funded$426.7M
Defaults320 of 2,329
Risk tierELEVATED
Avg rate5.96%
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%).