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SBA 7(a) franchise lending portfolio
Centennial Bank
AVERAGE risk
- Total loans
- 135
- Loan volume
- $49.0M
- Avg loan size
- $363K
- Default rate
- 12.0%
- vs 15.4% national avg
Defaults
13
Avg interest
6.57%
Franchises funded
104
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Curves For Women | 7 | $1.1M | 71.4% |
| Subway Sandwich Shop | 5 | $533K | 0.0% |
| Sears Catalog Store | 4 | $250K | 0.0% |
| Tropical Smoothie | 3 | $477K | 0.0% |
| Dickey's Barbeque | 2 | $1.3M | 0.0% |
| Doubledave's Pizzaworks | 2 | $300K | 0.0% |
| Merle Norman Cosmetics | 2 | $267K | 0.0% |
| Sola Salons | 2 | $755K | 0.0% |
| Frullati Cafe | 2 | $220K | 0.0% |
| Dairy Queen | 2 | $1.4M | 0.0% |
| Firehouse Subs | 2 | $300K | 0.0% |
| Jimmy John's | 2 | $799K | 0.0% |
| Clean Juice | 2 | $569K | 0.0% |
| A Suite Salon | 2 | $1.1M | 0.0% |
| Red Mango Frozen Yogurt | 2 | $160K | 0.0% |
| Moe's Southwest Grill | 2 | $783K | 100.0% |
| Edible Arrangements | 2 | $130K | 0.0% |
| Orange Theory Fitness | 2 | $692K | 0.0% |
| Spray Net | 2 | $281K | — |
| Radiant Waxing | 2 | $1.2M | — |
Lending volume by year
1'93
1
2
1
3
4'99
4
3
9
1
2'04
4
5
5
8
7'09
14
8
8
5
4'16
4
5
2
8
5'22
4
5
3'25
Centennial Bank default rate by loan vintage
BrandNational avg
Geographic exposure
5510.0%
3910.3%
326.7%
20.0%
1100.0%
1100.0%
10.0%
10.0%
1100.0%
10.0%
Portfolio summary
Total funded$49.0M
Defaults13 of 135
Risk tierAVERAGE
Avg rate6.57%
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%).