BB
SBA 7(a) franchise lending portfolio
Bridgewater Bank
AVERAGE risk
- Total loans
- 18
- Loan volume
- $12.3M
- Avg loan size
- $681K
- Charge-off rate
- 12.5%
- vs 15.4% national avg
Defaults
1
Avg interest
6.60%
Franchises funded
12
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Discover Strength | 3 | $1.2M | N/A |
| Primrose School (daycare) | 2 | $565K | 0.0% (low risk) |
| Kosama Fitness | 2 | $300K | 0.0% (low risk) |
| X-Golf | 2 | $1.1M | N/A |
| Goldfish Swim School | 2 | $4.6M | N/A |
| Hobbytown Usa | 1 | $99K | 0.0% (low risk) |
| Curves For Women | 1 | $75K | 0.0% (low risk) |
| Bee Hive Homes Of America | 1 | $467K | 0.0% (low risk) |
| Urban Air Adventure Park | 1 | $2.7M | N/A |
| WaveMAX Laundry | 1 | $520K | N/A |
| Nautical Bowls | 1 | $240K | 100.0% (very high risk) |
| Hotworx | 1 | $350K | N/A |
Lending volume by year
1'96
1'02
3'12
2'13
1'18
2'19
1'21
2'22
1'23
2'24
1'25
1'26
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 Bridgewater Bank originated?
- 18 loans totaling $12.3M. The portfolio carries a 12.5% 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). 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 Bridgewater Bank fund the most?
- The “Top franchise exposures” table above lists the brands Bridgewater Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.