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SBA 7(a) franchise lending portfolio
Fidelity Bank & Trust
CRITICAL risk
- Total loans
- 12
- Loan volume
- $2.9M
- Avg loan size
- $243K
- Default rate
- 33.3%
- vs 15.4% national avg
Defaults
4
Avg interest
6.00%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hardee's Restaurant | 4 | $1.3M | 0.0% |
| Cold Stone Creamery, Inc. | 2 | $548K | 100.0% |
| NAPA Auto Parts | 1 | $195K | 0.0% |
| Snap-On-Tools | 1 | $88K | 0.0% |
| Stanley's Steamer Carpet Clean | 1 | $63K | 0.0% |
| Joey's Only | 1 | $650K | 100.0% |
| Cold Stone Creamery | 1 | $35K | 100.0% |
| Liberty Tax Service | 1 | $35K | 0.0% |
Lending volume by year
1'92
1'93
1'95
2'02
1'04
4'07
1'08
1'10
Geographic exposure
1233.3%
Portfolio summary
Total funded$2.9M
Defaults4 of 12
Risk tierCRITICAL
Avg rate6.00%
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%).