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SBA 7(a) franchise lending portfolio
Citizens Bank, National Association
AVERAGE risk
- Total loans
- 602
- Loan volume
- $78.2M
- Avg loan size
- $130K
- Default rate
- 10.3%
- vs 15.4% national avg
Defaults
59
Avg interest
6.34%
Franchises funded
264
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 55 | $3.0M | 5.5% |
| Dunkin Donuts | 14 | $4.4M | 7.1% |
| Domino's Pizza | 13 | $1.1M | 0.0% |
| Edible Arrangements | 12 | $1.3M | 0.0% |
| Snap-On-Tools | 11 | $460K | 27.3% |
| Rita's Real Italian Water Ice | 9 | $1.2M | 0.0% |
| Servpro | 9 | $2.9M | 0.0% |
| Servicemaster | 9 | $218K | 11.1% |
| Seven-Eleven (7-11) Food Store | 8 | $605K | 0.0% |
| Plato's Closet | 8 | $2.5M | 0.0% |
| The UPS Store | 7 | $1.3M | 0.0% |
| Quiznos | 6 | $315K | 33.3% |
| Liberty Tax Service | 6 | $272K | 0.0% |
| Jani-King (janitor's Service) | 6 | $67K | 16.7% |
| Curves For Women | 6 | $166K | 0.0% |
| Ace Hardware | 5 | $585K | 40.0% |
| Ronzio | 5 | $177K | 20.0% |
| UPS Store | 5 | $190K | 0.0% |
| Honey Dew Donuts | 5 | $200K | 0.0% |
| Allstate Insurance | 5 | $1.2M | 0.0% |
Lending volume by year
6'92
6
2
16
16
10'97
11
16
7
14
21'02
52
54
117
20
23'07
17
11
9
17
13'12
2
12
24
25
26'17
22
8
6
2
8'22
2
7'25
Citizens Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
12511.3%
1006.5%
6112.5%
608.5%
5211.1%
518.3%
4511.9%
417.5%
2218.2%
157.7%
Portfolio summary
Total funded$78.2M
Defaults59 of 602
Risk tierAVERAGE
Avg rate6.34%
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%).