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SBA 7(a) franchise lending portfolio
Georgia Banking Company
AVERAGE risk
- Total loans
- 78
- Loan volume
- $50.1M
- Avg loan size
- $643K
- Default rate
- 13.7%
- vs 15.4% national avg
Defaults
7
Avg interest
6.17%
Franchises funded
56
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Smoothie King | 9 | $3.1M | 14.3% |
| Crumbl | 5 | $2.1M | 0.0% |
| Mail Boxes Etc. Usa | 3 | $600K | 0.0% |
| Cellairis | 3 | $4.0M | 0.0% |
| Smoothie King | 2 | $448K | 0.0% |
| EarthWise Pet Supply | 2 | $476K | 100.0% |
| Painting With A Twist | 2 | $295K | 0.0% |
| Subway | 2 | $469K | — |
| Benjamin Moore - New Entrepren | 2 | $1.2M | — |
| Pirtek | 2 | $4.2M | — |
| Philly Connection | 1 | $132K | 100.0% |
| Precision Tune | 1 | $65K | 0.0% |
| Subway Sandwich Shop | 1 | $498K | 0.0% |
| Mellow Mushroom | 1 | $600K | 0.0% |
| Painting With A Twist | 1 | $190K | 0.0% |
| Servicemaster Clean | 1 | $598K | 0.0% |
| Vision Source | 1 | $475K | 0.0% |
| Servpro | 1 | $794K | 0.0% |
| Primrose Schools | 1 | $1.9M | 0.0% |
| Jersey Mike's (deli Restaurant | 1 | $282K | 0.0% |
Lending volume by year
1'02
4'03
1'09
2'10
2'11
2'14
5'15
6'16
4'17
12'18
14'19
9'20
3'21
7'22
3'23
1'24
1'25
1'26
Georgia Banking Company default rate by loan vintage
BrandNational avg
Geographic exposure
497.4%
914.3%
922.2%
30.0%
350.0%
1100.0%
10.0%
10.0%
10.0%
10.0%
Portfolio summary
Total funded$50.1M
Defaults7 of 78
Risk tierAVERAGE
Avg rate6.17%
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%).