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SBA 7(a) franchise lending portfolio
Citizens & Northern Bank
ELEVATED risk
- Total loans
- 27
- Loan volume
- $16.3M
- Avg loan size
- $603K
- Default rate
- 18.5%
- vs 15.4% national avg
Defaults
5
Avg interest
5.96%
Franchises funded
11
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Servpro | 7 | $4.0M | 42.9% |
| Burger King | 7 | $5.5M | 0.0% |
| Sertinos Cafe | 2 | $438K | 100.0% |
| Print Shack | 2 | $1.3M | 0.0% |
| Saladworks | 2 | $285K | 0.0% |
| AAMCO Transmissions | 2 | $1.5M | 0.0% |
| True Value Hardware | 1 | $110K | 0.0% |
| Smoothie King (health Food Sto | 1 | $200K | 0.0% |
| Primo Hoagies | 1 | $120K | 0.0% |
| Paul Green School Of Rock Musi | 1 | $100K | 0.0% |
| The Goddard School | 1 | $2.6M | 0.0% |
Lending volume by year
1'05
8'12
15'13
3'14
Citizens & Northern Bank default rate by loan vintage
BrandNational avg
Geographic exposure
1729.4%
100.0%
Portfolio summary
Total funded$16.3M
Defaults5 of 27
Risk tierELEVATED
Avg rate5.96%
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%).