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SBA 7(a) franchise lending portfolio
Core Bank
CRITICAL risk
- Total loans
- 27
- Loan volume
- $19.1M
- Avg loan size
- $708K
- Default rate
- 21.4%
- vs 15.4% national avg
Defaults
3
Avg interest
6.68%
Franchises funded
21
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Urban Air Adventure Park | 4 | $5.3M | 0.0% |
| Code Ninjas | 2 | $423K | — |
| Granite Transformations (rebra | 2 | $1.7M | 50.0% |
| Planet Sub | 2 | $275K | 0.0% |
| Cookie Company | 1 | $181K | 0.0% |
| Urban Air Trampoline Park | 1 | $1.3M | 0.0% |
| See The Trainer | 1 | $1.7M | 100.0% |
| Molly Maid | 1 | $479K | 0.0% |
| Hand and Stone Massage and Fac | 1 | $491K | — |
| DexaFit (Trademark License and | 1 | $133K | — |
| Honda Powersports Sales and Se | 1 | $737K | — |
| Premier Rental-Purchase | 1 | $150K | 0.0% |
| Lenny's Sub Shops | 1 | $240K | 100.0% |
| Orange Theory Fitness | 1 | $774K | — |
| 9round | 1 | $130K | — |
| The UPS Store (f/k/a Mail Box | 1 | $1.3M | — |
| Premier Rental Purchase | 1 | $500K | 0.0% |
| LIVE Hydration Spa | 1 | $175K | — |
| Roosters Men's Grooming Center | 1 | $343K | — |
| Kawasaki - Dealer Term Sales a | 1 | $1.7M | — |
Lending volume by year
1'09
1'11
1'12
2'15
1'16
1'17
3'18
12'19
1'20
4'21
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%).