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SBA 7(a) franchise lending portfolio
Fulton Bank, National Association
AVERAGE risk
- Total loans
- 329
- Loan volume
- $293.2M
- Avg loan size
- $891K
- Default rate
- 14.8%
- vs 15.4% national avg
Defaults
39
Avg interest
6.66%
Franchises funded
183
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 20 | $2.7M | 5.0% |
| Tropical Smoothie | 15 | $2.9M | 13.3% |
| Quality Inn/Quality Suites, Ho | 8 | $21.6M | 0.0% |
| Mail Boxes Etc. Usa | 7 | $760K | 0.0% |
| Fastsigns | 7 | $2.5M | 0.0% |
| Days Inn | 6 | $12.9M | 0.0% |
| Red Roof Inn | 6 | $25.6M | 0.0% |
| Sylvan Learning Center | 5 | $540K | 40.0% |
| Quiznos | 5 | $714K | 20.0% |
| Geeks On Call | 5 | $238K | 0.0% |
| Mara's Cafe & Bakery | 5 | $1.1M | 60.0% |
| Red Roof Inn | 5 | $12.2M | 0.0% |
| Auntie Ann's (soft Pretzels) | 4 | $385K | 0.0% |
| Goddard Early Learning Center | 4 | $3.6M | 25.0% |
| Holiday Inn | 4 | $14.7M | 0.0% |
| Quality Inn | 4 | $7.5M | 0.0% |
| Line-X | 3 | $647K | 33.3% |
| Rita's Real Italian Water Ice | 3 | $410K | 0.0% |
| Dairy Queen | 3 | $233K | 33.3% |
| Friendly's | 3 | $3.3M | 0.0% |
Lending volume by year
1'93
2
7
4
6
5'98
8
6
10
10
13'03
21
12
16
10
4'08
1
8
15
14
16'13
16
18
18
12
12'18
10
9
5
5
15'23
8
11
1'26
Fulton Bank, National Association default rate by loan vintage
BrandNational avg
Geographic exposure
9815.9%
8820.9%
756.9%
3620.8%
110.0%
914.3%
60.0%
40.0%
1100.0%
10.0%
Portfolio summary
Total funded$293.2M
Defaults39 of 329
Risk tierAVERAGE
Avg rate6.66%
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%).