FR
SBA 7(a) franchise lending portfolio
Financial Resources Federal Credit Union
ELEVATED risk
- Total loans
- 35
- Loan volume
- $14.9M
- Avg loan size
- $425K
- Charge-off 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% (low risk) |
| K-9 Resorts Daycare & Luxury H | 3 | $825K | 50.0% (very high risk) |
| K-9 Resorts Daycare & Luxury H | 3 | $4.0M | 0.0% (low risk) |
| Beef Jerky Outlet Franchise | 3 | $411K | 0.0% (low risk) |
| Philly Soft Pretzel Factory | 2 | $284K | 100.0% (very high risk) |
| Smoothie King | 2 | $308K | 0.0% (low risk) |
| Little Gym | 2 | $187K | 0.0% (low risk) |
| European Wax Center | 2 | $383K | 0.0% (low risk) |
| Blo Blow Dry Bar | 2 | $200K | 100.0% (very high risk) |
| The Gravity Vault | 2 | $2.7M | N/A |
| Burgerim | 2 | $482K | 100.0% (very high risk) |
| The Gravity Vault | 1 | $1.1M | N/A |
| Retro Fitness | 1 | $1.1M | 0.0% (low risk) |
| Cafe Fresh/ Fresh Healthy Cafe | 1 | $90K | 0.0% (low risk) |
| Fresh Healthy Cafe | 1 | $514K | 0.0% (low risk) |
| 1000 Degrees Pizzeria | 1 | $240K | N/A |
| Re/Max | 1 | $935K | 0.0% (low risk) |
| PizzaFire | 1 | $70K | N/A |
| The UPS Store (f/k/a Mail Box | 1 | $360K | N/A |
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 charge-off 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
Charge-off 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%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Financial Resources Federal Credit Union originated?
- 35 loans totaling $14.9M. The portfolio carries a 18.2% charge-off rate, earning a “ELEVATED” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Financial Resources Federal Credit Union fund the most?
- The “Top franchise exposures” table above lists the brands Financial Resources Federal Credit Union has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.