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SBA 7(a) franchise lending portfolio
Cedar Rapids Bank and Trust Company
AVERAGE risk
- Total loans
- 34
- Loan volume
- $11.0M
- Avg loan size
- $324K
- Default rate
- 11.5%
- vs 15.4% national avg
Defaults
3
Avg interest
6.16%
Franchises funded
26
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| New York Ny Fresh Deli | 3 | $530K | 33.3% |
| Jimmy John's | 3 | $980K | 0.0% |
| Nick-N-Willy's Pizza | 2 | $305K | 100.0% |
| Dairy Queen Frozen Treat Cente | 2 | $603K | 0.0% |
| Orange Leaf | 2 | $529K | 0.0% |
| Chrysler - Sales and Service A | 2 | $3.3M | — |
| New Horizon Computer Learning | 1 | $770K | 0.0% |
| NAPA Auto Parts | 1 | $800K | 0.0% |
| Blimpie | 1 | $75K | 0.0% |
| Great Frame (the) | 1 | $150K | 0.0% |
| Planet Beach | 1 | $150K | 0.0% |
| Val Pak | 1 | $150K | 0.0% |
| Dairy Queen | 1 | $345K | 0.0% |
| Aire Master Of Delmarva | 1 | $150K | — |
| Aire Serv (h&ac) | 1 | $30K | 0.0% |
| Arby's | 1 | $500K | 0.0% |
| Curves | 1 | $5K | 0.0% |
| Right At Home | 1 | $115K | 0.0% |
| Escapology | 1 | $110K | 0.0% |
| Rocky Mountain Chocolate Facto | 1 | $150K | 0.0% |
Lending volume by year
1'98
1'00
2'03
2'04
4'05
1'06
3'07
1'08
1'09
1'11
3'13
2'14
1'16
3'17
2'18
1'20
3'21
1'22
1'23
Cedar Rapids Bank and Trust Company default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$11.0M
Defaults3 of 34
Risk tierAVERAGE
Avg rate6.16%
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%).