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SBA 7(a) franchise lending portfolio
GE Capital Small Business Finance Corporation
CRITICAL risk
- Total loans
- 704
- Loan volume
- $211.3M
- Avg loan size
- $300K
- Default rate
- 27.8%
- vs 15.4% national avg
Defaults
195
Avg interest
—
Franchises funded
171
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Matco Tools (rent Tools) | 148 | $15.2M | 39.2% |
| Mail Boxes Etc. Usa | 97 | $13.1M | 20.6% |
| Quiznos | 53 | $7.5M | 15.1% |
| Mac Tools | 34 | $3.6M | 29.4% |
| Schlotzsky's Sandwich Shop | 22 | $10.8M | 59.1% |
| Subway Sandwich Shop | 20 | $4.4M | 20.0% |
| Dairy Queen | 10 | $2.9M | 60.0% |
| Alphagraphics, Printshops Of T | 10 | $3.1M | 20.0% |
| Best Western Inn | 8 | $9.7M | 12.5% |
| Cold Stone Creamery, Inc. | 8 | $2.0M | 0.0% |
| Econo Lodge Motel | 7 | $5.9M | 14.3% |
| Big O Tires | 7 | $2.0M | 42.9% |
| Days Inn | 6 | $9.0M | 33.3% |
| MAACO Auto Painting Center | 5 | $919K | 0.0% |
| Howard Johnson | 5 | $5.5M | 0.0% |
| My Favorite Muffin | 5 | $683K | 40.0% |
| Comfort Inn | 5 | $3.9M | 0.0% |
| Kids R Kids | 5 | $8.1M | 0.0% |
| Super 8 Motel | 5 | $4.7M | 0.0% |
| Kentucky Fried Chicken | 4 | $1.7M | 25.0% |
Lending volume by year
29'92
36'93
19'94
28'95
39'96
41'97
43'98
77'99
95'00
88'01
104'02
95'03
10'04
GE Capital Small Business Finance Corporation default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
12119.0%
10840.7%
5226.9%
5226.9%
2231.8%
2133.3%
219.5%
2114.3%
1926.3%
1829.4%
Portfolio summary
Total funded$211.3M
Defaults195 of 704
Risk tierCRITICAL
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%).