FB
SBA 7(a) franchise lending portfolio
Fortifi Bank
CRITICAL risk
- Total loans
- 10
- Loan volume
- $2.4M
- Avg loan size
- $235K
- Charge-off rate
- 33.3%
- vs 15.4% national avg
Defaults
2
Avg interest
6.61%
Franchises funded
10
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Re/Max Realty | 1 | $48K | 0.0% (low risk) |
| Freshii | 1 | $368K | 100.0% (very high risk) |
| Concrete Craft | 1 | $68K | 0.0% (low risk) |
| Freshii | 1 | $350K | 100.0% (very high risk) |
| Soldierfit | 1 | $145K | 0.0% (low risk) |
| Tailored Living (f/K/A Closet | 1 | $200K | 0.0% (low risk) |
| The UPS Store (f/k/a Mail Box | 1 | $275K | N/A |
| Oasis Senior Advisors | 1 | $108K | N/A |
| Stretch Zone | 1 | $185K | N/A |
| Super 8 by Wyndhan | 1 | $608K | N/A |
Lending volume by year
1'04
1'15
1'17
2'18
1'19
1'21
1'22
1'23
1'24
Geographic exposure
1033.3% (very high risk)
Portfolio summary
Total funded$2.4M
Defaults2 of 10
Risk tierCRITICAL
Avg rate6.61%
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 Fortifi Bank originated?
- 10 loans totaling $2.4M. The portfolio carries a 33.3% charge-off rate, earning a “CRITICAL” 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 Fortifi Bank fund the most?
- The “Top franchise exposures” table above lists the brands Fortifi Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.