BB
SBA 7(a) franchise lending portfolio
BMO Bank National Association
Risk rating: Average
- Total loans
- 1,101
- Loan volume
- $356.2M
- Avg loan size
- $323K
- Charge-off rate
- 13.2%
- vs 16.0% national
Charged off
133
Avg interest
5.92%
Franchises funded
452
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Matco Tools (rent Tools) | 63 | $6.2M | 17.5% (elevated) |
| Quiznos | 54 | $8.4M | 27.8% (high risk) |
| Subway Sandwich Shop | 48 | $7.7M | 0.0% (excellent) |
| Mail Boxes Etc. Usa | 24 | $3.9M | 12.5% (average) |
| Dairy Queen | 17 | $5.4M | 0.0% (excellent) |
| Culver's Frozen Custard | 17 | $8.0M | 5.9% (good) |
| Cold Stone Creamery, Inc. | 16 | $3.4M | 25.0% (high risk) |
| Curves For Women | 16 | $1.5M | 0.0% (excellent) |
| Cousins Submarines (restaurant | 12 | $2.1M | 8.3% (good) |
| Jimmy John's | 12 | $3.0M | 0.0% (excellent) |
| Papa Murphy's Take & Bake Pizz | 11 | $1.7M | 0.0% (excellent) |
| MAACO Auto Painting Center | 10 | $1.8M | 10.0% (average) |
| Domino's Pizza | 10 | $1.1M | 0.0% (excellent) |
| Super 8 Motel | 10 | $7.9M | N/A |
| Chevron (gas Station) | 10 | $13.5M | N/A |
| Blimpie | 9 | $1.5M | N/A |
| Days Inn | 9 | $10.2M | N/A |
| Submarina Sandwiches | 7 | $773K | N/A |
| Fantastic Sam's | 7 | $644K | N/A |
| Ace Hardware | 7 | $2.6M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 20 |
| FY1993 | 19 |
| FY1994 | 23 |
| FY1995 | 47 |
| FY1996 | 31 |
| FY1997 | 35 |
| FY1998 | 53 |
| FY1999 | 55 |
| FY2000 | 71 |
| FY2001 | 77 |
| FY2002 | 115 |
| FY2003 | 109 |
| FY2004 | 92 |
| FY2005 | 57 |
| FY2006 | 29 |
| FY2007 | 16 |
| FY2008 | 15 |
| FY2009 | 7 |
| FY2010 | 8 |
| FY2011 | 9 |
| FY2012 | 3 |
| FY2013 | 8 |
| FY2014 | 20 |
| FY2015 | 24 |
| FY2016 | 17 |
| FY2017 | 18 |
| FY2018 | 30 |
| FY2019 | 23 |
| FY2020 | 10 |
| FY2021 | 28 |
| FY2022 | 14 |
| FY2023 | 15 |
| FY2024 | 1 |
| FY2025 | 2 |
SBA 7(a) · charge-off rate by approval year
BMO Bank National Association: below all franchise loans in 17 of 23 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 20 | 2 | 10.0% |
| 1993 | 19 | 1 | 5.3% |
| 1994 | 23 | 3 | 13.0% |
| 1995 | 47 | 2 | 4.3% |
| 1996 | 30 | 2 | 6.7% |
| 1997 | 35 | 7 | 20.0% |
| 1998 | 53 | 5 | 9.4% |
| 1999 | 55 | 9 | 16.4% |
| 2000 | 71 | 9 | 12.7% |
| 2001 | 76 | 6 | 7.9% |
| 2002 | 115 | 19 | 16.5% |
| 2003 | 109 | 18 | 16.5% |
| 2004 | 92 | 9 | 9.8% |
| 2005 | 57 | 18 | 31.6% |
| 2006 | 29 | 12 | 41.4% |
| 2007 | 16 | 3 | 18.8% |
| 2008 | 15 | 3 | 20.0% |
| 2009 | 7 | 1 | Too few |
| 2010 | 8 | 0 | Too few |
| 2011 | 9 | 0 | Too few |
| 2012 | 3 | 0 | Too few |
| 2013 | 8 | 0 | Too few |
| 2014 | 19 | 0 | 0.0% |
| 2015 | 20 | 0 | 0.0% |
| 2016 | 14 | 0 | 0.0% |
| 2017 | 14 | 2 | 14.3% |
| 2018 | 22 | 0 | 0.0% |
| 2019 | 12 | 0 | 0.0% |
| 2020 | 3 | 0 | Too early |
| 2021 | 3 | 1 | Too early |
| 2022 | 6 | 1 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
Portfolio summary
Total funded$356.2M
Charged off133 of 1,101
Risk tierAverage
Avg rate5.92%
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 BMO Bank National Association originated?
- 1,101 loans totaling $356.2M. The portfolio carries a 13.2% charge-off rate, earning a “Average” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. BMO Bank National Association's rate of 13.2% is below the national rate.
- 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 BMO Bank National Association fund the most?
- The “Top franchise exposures” table above lists the brands BMO Bank National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.