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SBA 7(a) franchise lending portfolio
Dogwood State Bank
EXCELLENT risk
- Total loans
- 245
- Loan volume
- $181.9M
- Avg loan size
- $742K
- Default rate
- 1.5%
- vs 15.4% national avg
Defaults
1
Avg interest
7.61%
Franchises funded
117
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Domino's | 12 | $10.3M | — |
| Ziggi's Coffee | 11 | $8.3M | 0.0% |
| Crave Hot Dogs and BBQ | 9 | $2.6M | 33.3% |
| Premier Rental-Purchase | 9 | $6.8M | — |
| Dickey's Barbecue Pit | 7 | $2.5M | 0.0% |
| The Dog Stop | 7 | $5.8M | — |
| EarthWise Pet Supply | 7 | $3.3M | 0.0% |
| Spenga | 6 | $4.3M | 0.0% |
| Eggs Up Grill | 6 | $3.3M | — |
| Rita's Ice-Custard-Happiness | 6 | $1.9M | 0.0% |
| Holiday Inn Express/Holiday In | 4 | $13.5M | 0.0% |
| The Little Gym | 4 | $1.8M | 0.0% |
| Mosquito Squad | 4 | $2.5M | — |
| K-9 Resorts Daycare & Luxury H | 4 | $11.1M | — |
| Smash My Trash | 3 | $858K | 0.0% |
| Saladworks | 3 | $1.9M | 0.0% |
| Smoothie King | 3 | $956K | 0.0% |
| Pur Life Medical | 3 | $1.5M | — |
| Tropical Smoothie Cafe | 3 | $2.4M | — |
| redbox+ | 3 | $1.9M | 0.0% |
Lending volume by year
1'03
1'14
1'17
1'19
33'20
79'21
35'22
29'23
28'24
35'25
2'26
Dogwood State Bank default rate by loan vintage
BrandNational avg
Geographic exposure
390.0%
349.1%
320.0%
140.0%
110.0%
110.0%
10—
80.0%
80.0%
7—
Portfolio summary
Total funded$181.9M
Defaults1 of 245
Risk tierEXCELLENT
Avg rate7.61%
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%).