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SBA 7(a) franchise lending portfolio
First Westroads Bank, Inc
AVERAGE risk
- Total loans
- 11
- Loan volume
- $2.1M
- Avg loan size
- $188K
- Default rate
- 10.0%
- vs 15.4% national avg
Defaults
1
Avg interest
5.38%
Franchises funded
11
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Great Steak And Fry Company | 1 | $65K | 0.0% |
| Cornwell Quality Tool Company, | 1 | $66K | 0.0% |
| Hair Color Express | 1 | $130K | 0.0% |
| Sports Clips | 1 | $125K | 0.0% |
| Convenient Food Mart | 1 | $78K | 100.0% |
| True REST | 1 | $475K | 0.0% |
| Tom And Chee | 1 | $175K | 0.0% |
| Servicemaster Clean | 1 | $100K | 0.0% |
| Dickey's Barbecue Pit | 1 | $265K | 0.0% |
| The UPS Store | 1 | $180K | 0.0% |
| Tropical Smoothie Cafe | 1 | $405K | — |
Lending volume by year
1'99
2'02
2'03
1'14
1'15
1'16
2'17
1'21
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%).