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SBA 7(a) franchise lending portfolio
BankCherokee
ELEVATED risk
- Total loans
- 16
- Loan volume
- $5.7M
- Avg loan size
- $357K
- Default rate
- 16.7%
- vs 15.4% national avg
Defaults
1
Avg interest
7.41%
Franchises funded
13
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Pirtek | 3 | $1.8M | 0.0% |
| bb.q Chicken | 2 | $909K | — |
| Fast Frame | 1 | $80K | 0.0% |
| Quiznos | 1 | $100K | 100.0% |
| Mailboxes & Parcel Depot | 1 | $86K | 0.0% |
| MGM Wine & Spirits | 1 | $252K | — |
| Red's Savoy Pizza | 1 | $258K | 0.0% |
| The Original Red's Savoy Pizza | 1 | $345K | 0.0% |
| DQ Treat | 1 | $715K | — |
| Great Harvest Bread Co. | 1 | $194K | — |
| Beard Papa's Sweets Café | 1 | $200K | — |
| Subway | 1 | $80K | — |
| Dogtopia | 1 | $650K | — |
Lending volume by year
1'95
1'98
1'00
1'17
2'19
1'20
2'21
1'22
2'23
1'24
1'25
2'26
Geographic exposure
1616.7%
Portfolio summary
Total funded$5.7M
Defaults1 of 16
Risk tierELEVATED
Avg rate7.41%
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%).