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SBA 7(a) franchise lending portfolio
ChoiceOne Bank
AVERAGE risk
- Total loans
- 58
- Loan volume
- $36.4M
- Avg loan size
- $627K
- Default rate
- 11.6%
- vs 15.4% national avg
Defaults
5
Avg interest
6.29%
Franchises funded
39
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Little Caesars | 5 | $3.1M | 0.0% |
| Crumbl | 3 | $1.3M | — |
| The Learning Experience | 3 | $5.2M | 0.0% |
| Ace Hardware | 3 | $2.9M | — |
| Mail Boxes Etc. Usa | 2 | $64K | 0.0% |
| Curves For Women | 2 | $155K | 100.0% |
| Edible Arrangements | 2 | $230K | 0.0% |
| Flip Flop Shops | 2 | $182K | 0.0% |
| Signs Now | 2 | $285K | 0.0% |
| NAPA Auto Parts | 2 | $378K | 0.0% |
| ComForCare Home Care | 2 | $165K | 0.0% |
| Beyond Juicery + Eatery | 2 | $752K | 0.0% |
| Servpro | 2 | $1000K | — |
| Blimpie | 1 | $60K | 100.0% |
| Fish Window Cleaning | 1 | $5K | 0.0% |
| Grand Traverse Pie Company | 1 | $38K | 0.0% |
| Mobile Appearance Reconditioni | 1 | $86K | 100.0% |
| Pro Golf | 1 | $281K | 0.0% |
| Domino's Pizza | 1 | $100K | 100.0% |
| Sunoco Service Station | 1 | $25K | 0.0% |
Lending volume by year
1'93
1
1
1
1
5'07
2
1
3
3
2'15
2
3
3
6
2'20
6
3
1
3
4'25
4'26
ChoiceOne Bank default rate by loan vintage
BrandNational avg
Geographic exposure
5811.6%
Portfolio summary
Total funded$36.4M
Defaults5 of 58
Risk tierAVERAGE
Avg rate6.29%
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%).