CB
SBA 7(a) franchise lending portfolio
Celtic Bank Corporation
Risk rating: High Risk
- Total loans
- 1,932
- Loan volume
- $1.7B
- Avg loan size
- $862K
- Charge-off rate
- 28.0%
- vs 16.0% national
Charged off
362
Avg interest
6.82%
Franchises funded
750
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Experimac | 51 | $7.6M | 74.5% (high risk) |
| Dental Fix Rx | 42 | $6.1M | 66.7% (high risk) |
| Window Genie | 24 | $3.5M | 52.4% (high risk) |
| Arcpoint | 24 | $3.6M | 18.2% (elevated) |
| Budget Blinds | 24 | $3.1M | 4.5% (excellent) |
| redbox+ | 21 | $19.1M | N/A |
| AM/PM Mini-Mart Agreement - AR | 20 | $78.3M | N/A |
| Massage Envy | 19 | $7.4M | 5.6% (good) |
| Embroidme | 19 | $2.9M | 68.8% (high risk) |
| Patrice & Associates | 19 | $2.6M | 35.7% (high risk) |
| Tutor Doctor | 18 | $2.3M | 50.0% (high risk) |
| Signarama | 18 | $2.6M | 60.0% (high risk) |
| WaterStation | 18 | $23.0M | N/A |
| Motel 6 | 17 | $53.6M | 0.0% (excellent) |
| Zippy Shell | 17 | $3.0M | 5.9% (good) |
| Cko Kickboxing | 16 | $2.3M | 15.4% (elevated) |
| Detailxperts | 14 | $2.0M | 42.9% (high risk) |
| Urban Air Adventure Park | 14 | $43.9M | N/A |
| Cold Stone Creamery, Inc. | 13 | $3.0M | 30.0% (high risk) |
| Signal 88 Security | 13 | $1.9M | 33.3% (high risk) |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2000 | 1 |
| FY2002 | 2 |
| FY2003 | 5 |
| FY2004 | 7 |
| FY2005 | 16 |
| FY2006 | 9 |
| FY2007 | 27 |
| FY2008 | 32 |
| FY2009 | 8 |
| FY2010 | 6 |
| FY2011 | 9 |
| FY2012 | 6 |
| FY2013 | 41 |
| FY2014 | 127 |
| FY2015 | 284 |
| FY2016 | 298 |
| FY2017 | 269 |
| FY2018 | 120 |
| FY2019 | 106 |
| FY2020 | 77 |
| FY2021 | 133 |
| FY2022 | 111 |
| FY2023 | 80 |
| FY2024 | 64 |
| FY2025 | 79 |
| FY2026 | 15 |
SBA 7(a) · charge-off rate by approval year
Celtic Bank Corporation: above all franchise loans in 7 of 13 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 |
|---|---|---|---|
| 2003 | 4 | 1 | Too few |
| 2004 | 6 | 3 | Too few |
| 2005 | 13 | 3 | 23.1% |
| 2006 | 7 | 1 | Too few |
| 2007 | 21 | 6 | 28.6% |
| 2008 | 28 | 6 | 21.4% |
| 2009 | 8 | 2 | Too few |
| 2010 | 6 | 0 | Too few |
| 2011 | 9 | 1 | Too few |
| 2012 | 6 | 0 | Too few |
| 2013 | 41 | 5 | 12.2% |
| 2014 | 125 | 32 | 25.6% |
| 2015 | 273 | 93 | 34.1% |
| 2016 | 245 | 92 | 37.6% |
| 2017 | 192 | 80 | 41.7% |
| 2018 | 81 | 21 | 25.9% |
| 2019 | 57 | 12 | 21.1% |
| 2020 | 51 | 2 | 3.9% |
| 2021 | 67 | 0 | 0.0% |
| 2022 | 33 | 1 | 3.0% |
| 2023 | 9 | 0 | Too early |
| 2024 | 7 | 0 | 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
26429.8% (high risk)
26115.6% (elevated)
13228.4% (high risk)
8240.7% (high risk)
8025.5% (high risk)
7222.0% (high risk)
6526.1% (high risk)
5922.7% (high risk)
5830.2% (high risk)
5721.7% (high risk)
Portfolio summary
Total funded$1.7B
Charged off362 of 1,932
Risk tierHigh Risk
Avg rate6.82%
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 Celtic Bank Corporation originated?
- 1,932 loans totaling $1665.4M. The portfolio carries a 28.0% charge-off rate, earning a “High Risk” 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. Celtic Bank Corporation's rate of 28.0% is above 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 Celtic Bank Corporation fund the most?
- The “Top franchise exposures” table above lists the brands Celtic Bank Corporation has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.