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SBA 7(a) franchise lending portfolio
Business Lenders, LLC
CRITICAL risk
- Total loans
- 401
- Loan volume
- $115.1M
- Avg loan size
- $287K
- Default rate
- 32.5%
- vs 15.4% national avg
Defaults
130
Avg interest
—
Franchises funded
111
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| UPS Store | 30 | $5.1M | 13.3% |
| Lady Of America | 29 | $3.3M | 44.8% |
| Quiznos | 28 | $4.3M | 57.1% |
| The UPS Store | 27 | $4.1M | 7.4% |
| Mail Boxes Etc. Usa | 23 | $3.4M | 4.3% |
| United Check Cashing,inc. | 18 | $2.5M | 27.8% |
| Matco Tools (rent Tools) | 17 | $1.9M | 88.2% |
| Cottman Transmission | 17 | $2.5M | 35.3% |
| Petland | 12 | $8.8M | 66.7% |
| Cold Stone Creamery, Inc. | 10 | $3.6M | 20.0% |
| Alphagraphics, Printshops Of T | 9 | $3.7M | 100.0% |
| Domino's Pizza | 8 | $772K | 0.0% |
| Subway Sandwich Shop | 7 | $1.5M | 0.0% |
| Days Inn | 7 | $8.1M | 42.9% |
| Merlin's Muffler | 7 | $1.7M | 0.0% |
| Travelodge | 6 | $5.8M | 16.7% |
| Cash Converters | 5 | $680K | 20.0% |
| Interim Healthcare | 5 | $5.9M | 0.0% |
| Bassett's Original Turkey (res | 4 | $540K | 75.0% |
| King Bear Auto Service | 4 | $433K | 75.0% |
Lending volume by year
1'94
2'95
6'96
11'97
30'98
36'99
51'00
33'01
43'02
37'03
36'04
31'05
20'06
40'07
24'08
Business Lenders, LLC default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
3729.7%
3441.2%
3354.5%
3215.6%
3259.4%
2714.8%
2533.3%
2416.7%
1711.8%
1637.5%
Portfolio summary
Total funded$115.1M
Defaults130 of 401
Risk tierCRITICAL
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%).