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SBA 7(a) franchise lending portfolio
Genesee Regional Bank
CRITICAL risk
- Total loans
- 11
- Loan volume
- $5.6M
- Avg loan size
- $510K
- Default rate
- 25.0%
- vs 15.4% national avg
Defaults
1
Avg interest
6.97%
Franchises funded
9
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Garage Force / Garage Force In | 2 | $200K | — |
| Bruster's Real Ice Cream | 2 | $2.2M | — |
| Dinners Ready! | 1 | $123K | 100.0% |
| Edible Arrangements | 1 | $140K | 0.0% |
| Moe's Sw Grill | 1 | $435K | 0.0% |
| Temporary Franchises | 1 | $125K | 0.0% |
| Fiat Dealer Agreement | 1 | $500K | — |
| CoreLife Eatery | 1 | $1.6M | — |
| Rolling Suds | 1 | $300K | — |
Lending volume by year
2'07
1'10
1'11
1'20
2'21
2'23
2'24
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%).