CB
SBA 7(a) franchise lending portfolio
Celtic Bank Corporation
CRITICAL risk
- Total loans
- 1,932
- Loan volume
- $1.7B
- Avg loan size
- $862K
- Charge-off rate
- 28.0%
- vs 15.4% national avg
Defaults
362
Avg interest
6.82%
Franchises funded
750
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Experimac | 51 | $7.6M | 74.5% (very high risk) |
| Dental Fix Rx | 42 | $6.1M | 66.7% (very high risk) |
| Window Genie | 24 | $3.5M | 52.4% (very high risk) |
| Arcpoint | 24 | $3.6M | 18.2% (high risk) |
| Budget Blinds | 24 | $3.1M | 4.5% (low risk) |
| redbox+ | 21 | $19.1M | 0.0% (low risk) |
| AM/PM Mini-Mart Agreement - AR | 20 | $78.3M | 0.0% (low risk) |
| Massage Envy | 19 | $7.4M | 5.6% (moderate risk) |
| Embroidme | 19 | $2.9M | 68.8% (very high risk) |
| Patrice & Associates | 19 | $2.6M | 35.7% (very high risk) |
| Tutor Doctor | 18 | $2.3M | 50.0% (very high risk) |
| Signarama | 18 | $2.6M | 60.0% (very high risk) |
| WaterStation | 18 | $23.0M | 0.0% (low risk) |
| Motel 6 | 17 | $53.6M | 0.0% (low risk) |
| Zippy Shell | 17 | $3.0M | 5.9% (moderate risk) |
| Cko Kickboxing | 16 | $2.3M | 15.4% (high risk) |
| Detailxperts | 14 | $2.0M | 42.9% (very high risk) |
| Urban Air Adventure Park | 14 | $43.9M | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 13 | $3.0M | 30.0% (very high risk) |
| Signal 88 Security | 13 | $1.9M | 33.3% (very high risk) |
Lending volume by year
1'00
2
5
7
16
9'06
27
32
8
6
9'11
6
41
127
284
298'16
269
120
106
77
133'21
111
80
64
79
15'26
Celtic Bank Corporation charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
26429.8% (very high risk)
26115.6% (high risk)
13228.4% (very high risk)
8240.7% (very high risk)
8025.5% (very high risk)
7222.0% (very high risk)
6526.1% (very high risk)
5922.7% (very high risk)
5830.2% (very high risk)
5721.7% (very high risk)
Portfolio summary
Total funded$1.7B
Defaults362 of 1,932
Risk tierCRITICAL
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 “CRITICAL” 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 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.