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SBA 7(a) franchise lending portfolio
Central State Bank
CRITICAL risk
- Total loans
- 22
- Loan volume
- $8.7M
- Avg loan size
- $397K
- Default rate
- 31.3%
- vs 15.4% national avg
Defaults
5
Avg interest
6.44%
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 5 | $763K | 0.0% |
| Subway | 4 | $875K | 50.0% |
| Yogurt Mountain | 2 | $969K | — |
| Petro N' Provisions | 1 | $600K | 0.0% |
| Dickey's Barbeque | 1 | $340K | 100.0% |
| Play It Again Sports (retail S | 1 | $210K | 0.0% |
| NAPA Auto Parts | 1 | $225K | 0.0% |
| Costa Vida Management | 1 | $534K | 100.0% |
| Healthsource Chiropractic | 1 | $105K | 100.0% |
| Anytime Fitness | 1 | $80K | 0.0% |
| Innerlast | 1 | $94K | — |
| Primrose Schools | 1 | $3.3M | — |
| Fitness 1440 | 1 | $96K | — |
| Bella Bridesmaids | 1 | $510K | — |
Lending volume by year
1'96
1'08
1'09
3'10
2'11
4'12
3'14
1'16
2'21
2'22
1'23
1'24
Central State Bank default rate by loan vintage
BrandNational avg
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%).