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SBA 7(a) franchise lending portfolio
Flagstar Bank National Association
ELEVATED risk
- Total loans
- 23
- Loan volume
- $5.4M
- Avg loan size
- $235K
- Default rate
- 17.6%
- vs 15.4% national avg
Defaults
3
Avg interest
6.35%
Franchises funded
20
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| True Value Company LLC - Membe | 2 | $350K | 0.0% |
| Jimmy John's | 2 | $1.0M | — |
| New Auto One | 2 | $293K | — |
| A & W Restaurant | 1 | $75K | 0.0% |
| Godfather's Pizza | 1 | $456K | 0.0% |
| Kids Time | 1 | $45K | 100.0% |
| Wild Birds Unlimited | 1 | $45K | 0.0% |
| Fast Frame | 1 | $150K | 0.0% |
| Eaglerider | 1 | $126K | 100.0% |
| Shane's Rib Shack | 1 | $300K | 0.0% |
| Hot Stuff Food Systems | 1 | $300K | 100.0% |
| Interim Healthcare (f/K/A Inte | 1 | $150K | 0.0% |
| Lawn Doctor | 1 | $75K | 0.0% |
| Biggby Coffee | 1 | $150K | 0.0% |
| Aqua-Tots | 1 | $300K | 0.0% |
| Domino's Pizza | 1 | $329K | 0.0% |
| La Vida Massage | 1 | $80K | 0.0% |
| Complete Nutrition | 1 | $198K | 0.0% |
| Domino's | 1 | $472K | — |
| The UPS Store (f/k/a Mail Box | 1 | $478K | — |
Lending volume by year
1'92
2'93
1'96
1'03
2'06
1'09
1'13
1'14
2'17
5'18
2'20
3'21
1'23
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%).