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SBA 7(a) franchise lending portfolio
Fortifi Bank
CRITICAL risk
- Total loans
- 10
- Loan volume
- $2.4M
- Avg loan size
- $235K
- Default 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% |
| Freshii | 1 | $368K | 100.0% |
| Concrete Craft | 1 | $68K | 0.0% |
| Freshii | 1 | $350K | 100.0% |
| Soldierfit | 1 | $145K | 0.0% |
| Tailored Living (f/K/A Closet | 1 | $200K | 0.0% |
| The UPS Store (f/k/a Mail Box | 1 | $275K | — |
| Oasis Senior Advisors | 1 | $108K | — |
| Stretch Zone | 1 | $185K | — |
| Super 8 by Wyndhan | 1 | $608K | — |
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%
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
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%).