FC
SBA 7(a) franchise lending portfolio
Frontwave Credit Union
EXCELLENT risk
- Total loans
- 19
- Loan volume
- $23.8M
- Avg loan size
- $1.3M
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
5.87%
Franchises funded
9
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ampm Mini Market- Arco | 8 | $14.2M | 0.0% (low risk) |
| Sonic | 2 | $1.7M | 0.0% (low risk) |
| Tesoro Refining & Marketing Co | 2 | $3.2M | 0.0% (low risk) |
| Chevron (gas Station) | 2 | $1.0M | 0.0% (low risk) |
| Del Taco | 1 | $1.7M | 0.0% (low risk) |
| Merry Maids | 1 | $234K | 0.0% (low risk) |
| Servpro | 1 | $160K | N/A |
| Sinclair Service Station | 1 | $1.5M | 0.0% (low risk) |
| Supreme Oil Co (Exxon Mobil Br | 1 | $150K | N/A |
Lending volume by year
1'09
1'10
2'12
1'14
2'15
6'16
1'17
1'18
2'19
2'20
Geographic exposure
180.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$23.8M
Defaults0 of 19
Risk tierEXCELLENT
Avg rate5.87%
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 Frontwave Credit Union originated?
- 19 loans totaling $23.8M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 Frontwave Credit Union fund the most?
- The “Top franchise exposures” table above lists the brands Frontwave Credit Union has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.