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SBA 7(a) franchise lending portfolio
EagleBank
ELEVATED risk
- Total loans
- 65
- Loan volume
- $25.8M
- Avg loan size
- $397K
- Default rate
- 16.7%
- vs 15.4% national avg
Defaults
10
Avg interest
6.19%
Franchises funded
47
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Baja Fresh Mexican Grill | 5 | $3.9M | 40.0% |
| Jimmy John's | 4 | $1.6M | 25.0% |
| Ledo Pizza | 3 | $554K | 66.7% |
| Mathnasium Learning Centers | 3 | $370K | 0.0% |
| Greene Turtle | 2 | $1.3M | 0.0% |
| Sterling Optical | 2 | $1.4M | 50.0% |
| Mcdonald's | 2 | $350K | 0.0% |
| Subway Sandwich Shop | 2 | $433K | 0.0% |
| Tous Les Jours | 2 | $1.2M | 0.0% |
| You've Got MAIDS | 2 | $250K | 0.0% |
| Salon Professional Academy | 2 | $550K | 0.0% |
| Manhattan Bagel Co. | 1 | $467K | 0.0% |
| Kohr Bros Frozen Custard | 1 | $765K | 0.0% |
| Ucc Total Home | 1 | $150K | 100.0% |
| Rita's Real Italian Water Ice | 1 | $172K | 0.0% |
| Quiznos | 1 | $400K | 100.0% |
| Little Gym | 1 | $150K | 0.0% |
| Rent-A-Wreck (car Rental) | 1 | $245K | 0.0% |
| Texaco Service Station | 1 | $460K | 0.0% |
| Jerry's Sub Shop | 1 | $100K | 100.0% |
Lending volume by year
1'98
1'99
1'01
2'02
2'03
7'05
3'06
2'08
3'10
1'11
1'12
6'13
6'14
6'15
6'16
3'17
7'18
4'19
3'21
EagleBank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$25.8M
Defaults10 of 65
Risk tierELEVATED
Avg rate6.19%
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%).