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SBA 7(a) franchise lending portfolio
Financial Resources Federal Credit Union
ELEVATED risk
- Total loans
- 35
- Loan volume
- $14.9M
- Avg loan size
- $425K
- Default rate
- 18.2%
- vs 15.4% national avg
Defaults
4
Avg interest
6.69%
Franchises funded
19
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cold Stone Creamery | 4 | $650K | 0.0% |
| K-9 Resorts Daycare & Luxury H | 3 | $825K | 50.0% |
| K-9 Resorts Daycare & Luxury H | 3 | $4.0M | 0.0% |
| Beef Jerky Outlet Franchise | 3 | $411K | 0.0% |
| Philly Soft Pretzel Factory | 2 | $284K | 100.0% |
| Smoothie King | 2 | $308K | 0.0% |
| Little Gym | 2 | $187K | 0.0% |
| European Wax Center | 2 | $383K | 0.0% |
| Blo Blow Dry Bar | 2 | $200K | 100.0% |
| The Gravity Vault | 2 | $2.7M | — |
| Burgerim | 2 | $482K | 100.0% |
| The Gravity Vault | 1 | $1.1M | — |
| Retro Fitness | 1 | $1.1M | 0.0% |
| Cafe Fresh/ Fresh Healthy Cafe | 1 | $90K | 0.0% |
| Fresh Healthy Cafe | 1 | $514K | 0.0% |
| 1000 Degrees Pizzeria | 1 | $240K | — |
| Re/Max | 1 | $935K | 0.0% |
| PizzaFire | 1 | $70K | — |
| The UPS Store (f/k/a Mail Box | 1 | $360K | — |
Lending volume by year
3'13
2'14
4'15
12'16
3'17
4'18
3'19
1'20
1'23
1'24
1'25
Financial Resources Federal Credit Union default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$14.9M
Defaults4 of 35
Risk tierELEVATED
Avg rate6.69%
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%).