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SBA 7(a) franchise lending portfolio
Black Hills FCU
AVERAGE risk
- Total loans
- 22
- Loan volume
- $4.7M
- Avg loan size
- $216K
- Default rate
- 13.3%
- vs 15.4% national avg
Defaults
2
Avg interest
5.94%
Franchises funded
15
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Marco's Pizza | 6 | $2.1M | 0.0% |
| True Value Company LLC - Membe | 2 | $560K | 0.0% |
| Batteries Plus | 2 | $256K | 100.0% |
| Dakota Wireless | 1 | $38K | 0.0% |
| Sylvan Learning Center | 1 | $234K | 0.0% |
| UPS Store | 1 | $100K | 0.0% |
| Stroller Strides | 1 | $20K | 0.0% |
| HealthSource Chiropractic | 1 | $81K | — |
| Freshberry Frozen Yogurt | 1 | $328K | 0.0% |
| Mixed | 1 | $150K | 0.0% |
| Bellies to Babies | 1 | $71K | 0.0% |
| Meineke Car Care | 1 | $100K | 0.0% |
| Novus Glass/Novus Auto Glass | 1 | $59K | 0.0% |
| Koko FitClub | 1 | $154K | — |
| Teriyaki Madness | 1 | $457K | — |
Lending volume by year
1'06
3'07
3'12
1'13
2'14
6'16
2'18
2'19
1'20
1'23
Geographic exposure
2213.3%
Portfolio summary
Total funded$4.7M
Defaults2 of 22
Risk tierAVERAGE
Avg rate5.94%
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%).