CN
SBA 7(a) franchise lending portfolio
Central National Bank
AVERAGE risk
- Total loans
- 19
- Loan volume
- $3.3M
- Avg loan size
- $174K
- Charge-off rate
- 12.5%
- vs 15.4% national avg
Defaults
2
Avg interest
6.11%
Franchises funded
15
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Nationwide Floor & Window Cove | 3 | $372K | 0.0% (low risk) |
| Minuteman Press | 3 | $310K | 0.0% (low risk) |
| Iga Food Stores | 1 | $728K | 0.0% (low risk) |
| Radio Shack | 1 | $96K | 0.0% (low risk) |
| Comfort Keepers | 1 | $50K | 0.0% (low risk) |
| Pro Golf | 1 | $150K | 100.0% (very high risk) |
| Allstate Insurance | 1 | $20K | 0.0% (low risk) |
| The Medicine Shoppe | 1 | $350K | 0.0% (low risk) |
| Save-A-Lot Food Stores | 1 | $700K | 0.0% (low risk) |
| Wheat State Pizza | 1 | $45K | 100.0% (very high risk) |
| Mode | 1 | $110K | N/A |
| Post Net | 1 | $45K | 0.0% (low risk) |
| Camp Bow Wow | 1 | $150K | N/A |
| Snap-On | 1 | $35K | N/A |
| True Value Company LLC - Membe | 1 | $150K | 0.0% (low risk) |
Lending volume by year
1'94
1'96
1'01
3'04
3'05
1'06
1'08
1'10
1'14
3'15
2'20
1'24
Geographic exposure
1912.5% (elevated risk)
Portfolio summary
Total funded$3.3M
Defaults2 of 19
Risk tierAVERAGE
Avg rate6.11%
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 Central National Bank originated?
- 19 loans totaling $3.3M. The portfolio carries a 12.5% charge-off rate, earning a “AVERAGE” 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 Central National Bank fund the most?
- The “Top franchise exposures” table above lists the brands Central National Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.