![BMO Bank National Association logo](https://cdn.brandfetch.io/bmo.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
BMO Bank National Association
AVERAGE risk
- Total loans
- 1,101
- Loan volume
- $356.2M
- Avg loan size
- $323K
- Default rate
- 13.2%
- vs 15.4% national avg
Defaults
133
Avg interest
5.92%
Franchises funded
452
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Matco Tools (rent Tools) | 63 | $6.2M | 17.5% |
| Quiznos | 54 | $8.4M | 27.8% |
| Subway Sandwich Shop | 48 | $7.7M | 0.0% |
| Mail Boxes Etc. Usa | 24 | $3.9M | 12.5% |
| Dairy Queen | 17 | $5.4M | 0.0% |
| Culver's Frozen Custard | 17 | $8.0M | 5.9% |
| Cold Stone Creamery, Inc. | 16 | $3.4M | 25.0% |
| Curves For Women | 16 | $1.5M | 0.0% |
| Cousins Submarines (restaurant | 12 | $2.1M | 8.3% |
| Jimmy John's | 12 | $3.0M | 0.0% |
| Papa Murphy's Take & Bake Pizz | 11 | $1.7M | 0.0% |
| MAACO Auto Painting Center | 10 | $1.8M | 10.0% |
| Domino's Pizza | 10 | $1.1M | 0.0% |
| Super 8 Motel | 10 | $7.9M | 22.2% |
| Chevron (gas Station) | 10 | $13.5M | 0.0% |
| Blimpie | 9 | $1.5M | 22.2% |
| Days Inn | 9 | $10.2M | 22.2% |
| Submarina Sandwiches | 7 | $773K | 14.3% |
| Fantastic Sam's | 7 | $644K | 0.0% |
| Ace Hardware | 7 | $2.6M | 0.0% |
Lending volume by year
20'92
19
23
47
31
35'97
53
55
71
77
115'02
109
92
57
29
16'07
15
7
8
9
3'12
8
20
24
17
18'17
30
23
10
28
14'22
15
1
2'25
BMO Bank National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
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%).