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SBA 7(a) franchise lending portfolio
Cornerstone Bank
CRITICAL risk
- Total loans
- 27
- Loan volume
- $5.9M
- Avg loan size
- $219K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
4
Avg interest
5.91%
Franchises funded
20
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Bricks & Minifigs | 4 | $750K | — |
| Ben Franklin Store | 2 | $99K | 0.0% |
| Goin' Postal | 2 | $60K | 0.0% |
| The Exercise Coach | 2 | $200K | 0.0% |
| redbox+ | 2 | $1.0M | 0.0% |
| Koa Kampgrounds(kampgrounds Of | 1 | $147K | 0.0% |
| Sparkle Wash | 1 | $50K | 0.0% |
| Midas Muffler Shop | 1 | $388K | 100.0% |
| The Honey Baked Ham Co. And Ca | 1 | $180K | 100.0% |
| Sbarro, The Italian Eatery | 1 | $229K | 100.0% |
| Sign-A-Rama | 1 | $50K | 0.0% |
| Super Valu Supermarket | 1 | $93K | 0.0% |
| Chartroose Caboose | 1 | $150K | 100.0% |
| Buffalo Wings & Rings | 1 | $818K | 0.0% |
| MAACO Auto Painting & Bodywork | 1 | $158K | 0.0% |
| Nothing Bundt Cakes | 1 | $400K | — |
| Subway | 1 | $150K | 0.0% |
| Mode | 1 | $100K | 0.0% |
| Rita's Real Italian Water Ice | 1 | $325K | 0.0% |
| Fit Body Boot Camp | 1 | $523K | — |
Lending volume by year
1'95
1'98
3'00
1'01
1'05
4'08
1'09
1'11
1'13
1'14
1'17
3'19
2'20
1'21
1'22
1'23
3'25
Geographic exposure
100.0%
720.0%
333.3%
1100.0%
10.0%
1100.0%
Portfolio summary
Total funded$5.9M
Defaults4 of 27
Risk tierCRITICAL
Avg rate5.91%
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%).