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SBA 7(a) franchise lending portfolio
Florence Bank
GOOD risk
- Total loans
- 19
- Loan volume
- $2.9M
- Avg loan size
- $151K
- Default rate
- 5.3%
- vs 15.4% national avg
Defaults
1
Avg interest
5.48%
Franchises funded
10
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Friendly's | 4 | $1.4M | 0.0% |
| Koa Kampgrounds(kampgrounds Of | 3 | $378K | 0.0% |
| Taylor Rental Center | 2 | $260K | 0.0% |
| Subway Sandwich Shop | 2 | $405K | 0.0% |
| Mad Science Group, The | 2 | $25K | 0.0% |
| Sylvan Learning Center | 2 | $164K | 50.0% |
| Maids International | 1 | $110K | 0.0% |
| Postal Connections Of America | 1 | $60K | 0.0% |
| Friendly's Restaurants | 1 | $19K | 0.0% |
| Liberty Tax Service | 1 | $90K | 0.0% |
Lending volume by year
1'94
1'98
1'99
3'01
2'02
1'04
1'05
1'06
1'07
1'08
1'09
4'10
1'17
Geographic exposure
195.3%
Portfolio summary
Total funded$2.9M
Defaults1 of 19
Risk tierGOOD
Avg rate5.48%
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%).