CS
SBA 7(a) franchise lending portfolio
Colonial Savings FA
CRITICAL risk
- Total loans
- 21
- Loan volume
- $7.8M
- Avg loan size
- $370K
- Charge-off rate
- 20.0%
- vs 15.4% national avg
Defaults
4
Avg interest
5.89%
Franchises funded
12
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Which Wich Superior Sandwiches | 6 | $2.0M | 0.0% (low risk) |
| Adventure Kids Playcare | 3 | $930K | 0.0% (low risk) |
| Val Pak | 3 | $537K | 33.3% (very high risk) |
| Lamppost Pizza | 1 | $180K | 100.0% (very high risk) |
| Chicken Express | 1 | $1.1M | 0.0% (low risk) |
| Gittings - License Agreement | 1 | $190K | 0.0% (low risk) |
| The Tutoring Center | 1 | $167K | 0.0% (low risk) |
| Papa Murphy's Take & Bake Pizz | 1 | $212K | 0.0% (low risk) |
| Which Wich | 1 | $233K | N/A |
| Valpak | 1 | $1.9M | 100.0% (very high risk) |
| D'vine Wine | 1 | $150K | 100.0% (very high risk) |
| Sharkey's Cuts for Kids | 1 | $150K | 0.0% (low risk) |
Lending volume by year
4'07
5'08
2'09
1'10
1'11
2'12
1'13
1'14
1'15
2'18
1'22
Geographic exposure
2120.0% (very high risk)
Portfolio summary
Total funded$7.8M
Defaults4 of 21
Risk tierCRITICAL
Avg rate5.89%
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 Colonial Savings FA originated?
- 21 loans totaling $7.8M. The portfolio carries a 20.0% charge-off rate, earning a “CRITICAL” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Colonial Savings FA fund the most?
- The “Top franchise exposures” table above lists the brands Colonial Savings FA has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.