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SBA 7(a) franchise lending portfolio
Central Pacific Bank
AVERAGE risk
- Total loans
- 40
- Loan volume
- $3.9M
- Avg loan size
- $97K
- Default rate
- 10.5%
- vs 15.4% national avg
Defaults
4
Avg interest
7.35%
Franchises funded
23
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 11 | $1.5M | 9.1% |
| Servpro | 3 | $400K | 0.0% |
| Curves For Women | 2 | $109K | 0.0% |
| Pretzelmaker | 2 | $200K | 0.0% |
| Tutor Doctor | 2 | $90K | 0.0% |
| Russo's New York Pizzeria | 2 | $100K | 50.0% |
| Kumon | 2 | $50K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $100K | 0.0% |
| Golf Etc. | 1 | $100K | — |
| Texaco Express Lube & Star Lub | 1 | $160K | 0.0% |
| Quiznos | 1 | $130K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $140K | 100.0% |
| Temporary Franchises | 1 | $105K | 100.0% |
| Woody's Hog Dogs | 1 | $55K | 0.0% |
| Ben & Jerry's Ice Cream | 1 | $300K | 0.0% |
| Teddy's Bigger Burgers | 1 | $50K | 0.0% |
| Gymboree Play & Music | 1 | $50K | — |
| Teddy's Bigger Burgers | 1 | $60K | 0.0% |
| Baskin-Robbins 31 Ice Cream | 1 | $25K | 0.0% |
| The Glass Guru | 1 | $50K | 0.0% |
Lending volume by year
1'95
1'96
1'98
1'00
3'01
1'02
2'03
3'04
4'05
2'06
2'10
1'12
1'14
4'15
3'16
4'18
1'19
3'20
1'21
1'22
Central Pacific Bank default rate by loan vintage
BrandNational avg
Geographic exposure
4010.5%
Portfolio summary
Total funded$3.9M
Defaults4 of 40
Risk tierAVERAGE
Avg rate7.35%
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%).