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SBA 7(a) franchise lending portfolio
CenterBank of Jacksonville, N.A.
CRITICAL risk
- Total loans
- 10
- Loan volume
- $880K
- Avg loan size
- $88K
- Default rate
- 50.0%
- vs 15.4% national avg
Defaults
5
Avg interest
—
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Larry's Giant Subs | 3 | $200K | 100.0% |
| Juan's Mexicali | 1 | $125K | 100.0% |
| Bevintel (f/K/A Bevinco) | 1 | $47K | 0.0% |
| Bath Junkie | 1 | $65K | 0.0% |
| Mail & More | 1 | $123K | 0.0% |
| Tropical Smoothie | 1 | $150K | 0.0% |
| Maids (the) | 1 | $95K | 0.0% |
| Goin' Postal | 1 | $75K | 100.0% |
Lending volume by year
1'02
2'03
3'04
2'05
2'06
Geographic exposure
1050.0%
Portfolio summary
Total funded$880K
Defaults5 of 10
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%).