B
SBA 7(a) franchise lending portfolio
BankCherokee
ELEVATED risk
- Total loans
- 16
- Loan volume
- $5.7M
- Avg loan size
- $357K
- Charge-off 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% (low risk) |
| bb.q Chicken | 2 | $909K | N/A |
| Fast Frame | 1 | $80K | 0.0% (low risk) |
| Quiznos | 1 | $100K | 100.0% (very high risk) |
| Mailboxes & Parcel Depot | 1 | $86K | 0.0% (low risk) |
| MGM Wine & Spirits | 1 | $252K | N/A |
| Red's Savoy Pizza | 1 | $258K | 0.0% (low risk) |
| The Original Red's Savoy Pizza | 1 | $345K | 0.0% (low risk) |
| DQ Treat | 1 | $715K | N/A |
| Great Harvest Bread Co. | 1 | $194K | N/A |
| Beard Papa's Sweets Café | 1 | $200K | N/A |
| Subway | 1 | $80K | N/A |
| Dogtopia | 1 | $650K | N/A |
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% (high risk)
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
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 BankCherokee originated?
- 16 loans totaling $5.7M. The portfolio carries a 16.7% 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). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 BankCherokee fund the most?
- The “Top franchise exposures” table above lists the brands BankCherokee has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.