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SBA 7(a) franchise lending portfolio
Cogent Bank
EXCELLENT risk
- Total loans
- 51
- Loan volume
- $53.4M
- Avg loan size
- $1.0M
- Default rate
- 4.2%
- vs 15.4% national avg
Defaults
1
Avg interest
7.06%
Franchises funded
29
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Firehouse Subs | 13 | $2.9M | 7.7% |
| Foxtail Coffee Co | 6 | $3.2M | 0.0% |
| Premier Petroleum, Inc - Petro | 2 | $4.3M | 0.0% |
| Smoothie King | 2 | $480K | 0.0% |
| Cary Oil Company Inc - Complet | 2 | $7.3M | — |
| Ivy Kids Early Learning Center | 2 | $2.7M | — |
| Nuviva Medical Weight Loss | 2 | $1.8M | — |
| Filterfresh (coffee Service) | 1 | $420K | 0.0% |
| Ladybird Academy | 1 | $90K | 0.0% |
| The UPS Store | 1 | $150K | 0.0% |
| Maple Bear School | 1 | $756K | — |
| Holiday Inn/Holiday Inn & Suit | 1 | $5.0M | — |
| Savi Provisions | 1 | $510K | 0.0% |
| Comfort Inn by Choice Hotels/C | 1 | $5.0M | — |
| Allstar Petroleum, Inc. Contra | 1 | $3.1M | 0.0% |
| ARCpoint Labs | 1 | $222K | — |
| Holiday Inn Express/Holiday In | 1 | $5.0M | — |
| Potbelly Sandwich Shop | 1 | $998K | — |
| Hounds Town USA | 1 | $610K | — |
| Nothing Bundt Cakes | 1 | $585K | 0.0% |
Lending volume by year
1'08
3'09
1'10
4'11
5'12
1'13
1'14
1'20
10'21
8'22
6'23
3'24
5'25
2'26
Cogent 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%).