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SBA 7(a) franchise lending portfolio
Comerica Bank
CRITICAL risk
- Total loans
- 1,811
- Loan volume
- $769.0M
- Avg loan size
- $425K
- Default rate
- 33.0%
- vs 15.4% national avg
Defaults
586
Avg interest
6.06%
Franchises funded
416
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 158 | $42.1M | 36.7% |
| Cici's Pizza | 94 | $27.1M | 21.3% |
| Beef O'brady's | 49 | $18.3M | 65.3% |
| Subway Sandwich Shop | 48 | $10.7M | 8.3% |
| Quiznos | 42 | $6.4M | 38.1% |
| Baskin-Robbins 31 Ice Cream | 42 | $9.9M | 52.4% |
| Dunkin Donuts | 32 | $18.9M | 37.5% |
| MAACO Auto Painting Center | 29 | $14.8M | 55.2% |
| Sports Clips | 26 | $3.0M | 3.8% |
| Petland | 24 | $12.8M | 54.2% |
| Mellow Mushroom | 24 | $16.1M | 8.3% |
| Melting Pot | 20 | $14.8M | 40.0% |
| Schlotzsky's Sandwich Shop | 19 | $11.2M | 31.6% |
| Planet Beach | 19 | $6.2M | 89.5% |
| Days Inn | 18 | $17.7M | 16.7% |
| Edible Arrangements | 18 | $3.9M | 16.7% |
| Zaxby's | 18 | $12.0M | 11.1% |
| Travelodge | 16 | $13.8M | 0.0% |
| Wingstop Restaurant | 16 | $3.9M | 43.8% |
| Best Western Inn | 15 | $13.5M | 0.0% |
Lending volume by year
4'92
17
20
27
35
74'97
52
48
100
114
154'02
238
296
248
132
103'07
84
5
2
1
2'13
2
8
3
4
4'18
4
4
8
7
3'23
4
3
1'26
Comerica Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
49731.7%
38518.6%
17045.3%
13635.2%
6943.5%
6217.7%
6041.7%
5052.0%
3342.4%
2935.7%
Portfolio summary
Total funded$769.0M
Defaults586 of 1,811
Risk tierCRITICAL
Avg rate6.06%
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%).