![Frontwave Credit Union logo](https://cdn.brandfetch.io/frontwavecreditunion.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Frontwave Credit Union
EXCELLENT risk
- Total loans
- 19
- Loan volume
- $23.8M
- Avg loan size
- $1.3M
- Default 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% |
| Sonic | 2 | $1.7M | 0.0% |
| Tesoro Refining & Marketing Co | 2 | $3.2M | 0.0% |
| Chevron (gas Station) | 2 | $1.0M | 0.0% |
| Del Taco | 1 | $1.7M | 0.0% |
| Merry Maids | 1 | $234K | 0.0% |
| Servpro | 1 | $160K | — |
| Sinclair Service Station | 1 | $1.5M | 0.0% |
| Supreme Oil Co (Exxon Mobil Br | 1 | $150K | — |
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%
10.0%
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
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%).