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SBA 7(a) franchise lending portfolio
CorTrust Bank National Association
AVERAGE risk
- Total loans
- 18
- Loan volume
- $4.0M
- Avg loan size
- $224K
- Default rate
- 12.5%
- vs 15.4% national avg
Defaults
2
Avg interest
6.18%
Franchises funded
16
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Toppers Pizza | 2 | $630K | 0.0% |
| Anytime Fitness | 2 | $150K | 0.0% |
| Subway Sandwich Shop | 1 | $53K | 0.0% |
| Big O Tires | 1 | $735K | 0.0% |
| Steak Escape | 1 | $245K | 100.0% |
| Minuteman Press | 1 | $150K | 100.0% |
| Super 8 Motel | 1 | $676K | 0.0% |
| Quiznos | 1 | $75K | 0.0% |
| Visiting Angels | 1 | $70K | 0.0% |
| Culligan Soft Water Service | 1 | $80K | 0.0% |
| NAPA Auto Parts | 1 | $150K | 0.0% |
| Cartridge World | 1 | $129K | 0.0% |
| Adventures In Advertising | 1 | $239K | 0.0% |
| Great Harvest Bread Co. | 1 | $140K | 0.0% |
| Nautical Bowls | 1 | $207K | — |
| Carbone's Pizza | 1 | $300K | — |
Lending volume by year
1'93
1'97
1'01
1'03
3'05
2'07
2'08
1'13
1'14
2'15
1'16
1'21
1'23
Geographic exposure
Portfolio summary
Total funded$4.0M
Defaults2 of 18
Risk tierAVERAGE
Avg rate6.18%
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%).