CB
SBA 7(a) franchise lending portfolio
ChoiceOne Bank
Risk rating: Average
- Total loans
- 58
- Loan volume
- $36.4M
- Avg loan size
- $627K
- Charge-off rate
- 11.6%
- vs 16.0% national
Charged off
5
Avg interest
6.29%
Franchises funded
39
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Little Caesars | 5 | $3.1M | N/A |
| Crumbl | 3 | $1.3M | N/A |
| The Learning Experience | 3 | $5.2M | N/A |
| Ace Hardware | 3 | $2.9M | N/A |
| Mail Boxes Etc. Usa | 2 | $64K | N/A |
| Curves For Women | 2 | $155K | N/A |
| Edible Arrangements | 2 | $230K | N/A |
| Flip Flop Shops | 2 | $182K | N/A |
| Signs Now | 2 | $285K | N/A |
| NAPA Auto Parts | 2 | $378K | N/A |
| ComForCare Home Care | 2 | $165K | N/A |
| Beyond Juicery + Eatery | 2 | $752K | N/A |
| Servpro | 2 | $1000K | N/A |
| Blimpie | 1 | $60K | N/A |
| Fish Window Cleaning | 1 | $5K | N/A |
| Grand Traverse Pie Company | 1 | $38K | N/A |
| Mobile Appearance Reconditioni | 1 | $86K | N/A |
| Pro Golf | 1 | $281K | N/A |
| Domino's Pizza | 1 | $100K | N/A |
| Sunoco Service Station | 1 | $25K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1993 | 1 |
| FY2000 | 1 |
| FY2001 | 1 |
| FY2003 | 1 |
| FY2005 | 1 |
| FY2007 | 5 |
| FY2008 | 2 |
| FY2009 | 1 |
| FY2013 | 3 |
| FY2014 | 3 |
| FY2015 | 2 |
| FY2016 | 2 |
| FY2017 | 3 |
| FY2018 | 3 |
| FY2019 | 6 |
| FY2020 | 2 |
| FY2021 | 6 |
| FY2022 | 3 |
| FY2023 | 1 |
| FY2024 | 3 |
| FY2025 | 4 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
ChoiceOne Bank charge-off rate by loan vintage
None of these 8 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2007 | 5 | 1 | Too few |
| 2013 | 3 | 0 | Too few |
| 2014 | 3 | 0 | Too few |
| 2017 | 3 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 4 | 0 | Too few |
| 2021 | 6 | 0 | Too early |
| 2022 | 3 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
5811.6% (average)
Portfolio summary
Total funded$36.4M
Charged off5 of 58
Risk tierAverage
Avg rate6.29%
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 ChoiceOne Bank originated?
- 58 loans totaling $36.4M. The portfolio carries a 11.6% 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. ChoiceOne Bank's rate of 11.6% is below the national rate.
- 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 ChoiceOne Bank fund the most?
- The “Top franchise exposures” table above lists the brands ChoiceOne 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.