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SBA 7(a) franchise lending portfolio
Georgia's Own Credit Union
ELEVATED risk
- Total loans
- 65
- Loan volume
- $65.8M
- Avg loan size
- $1.0M
- Default rate
- 17.6%
- vs 15.4% national avg
Defaults
3
Avg interest
6.69%
Franchises funded
45
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Next Level Petroleum (Mulstipl | 6 | $6.4M | 0.0% |
| Lizard Thicket | 4 | $1.3M | 0.0% |
| Clipper Petroleum Supply Agree | 3 | $6.1M | — |
| Premier Petroleum, Inc - Petro | 3 | $2.3M | — |
| Del Taco | 2 | $4.4M | — |
| Papa John's | 2 | $504K | — |
| Target Petroleum, LLC (Chevro | 2 | $3.8M | — |
| Wallace Oil Company. Inc (Mult | 2 | $2.2M | — |
| Smash My Trash | 2 | $569K | — |
| Mountain Express Oil Company - | 2 | $2.8M | 0.0% |
| Hammer & Nails | 2 | $548K | — |
| Hallmark Petroleum LLC - Contr | 2 | $4.6M | — |
| The Juicy Crab | 1 | $690K | 0.0% |
| The Goddard School | 1 | $676K | 0.0% |
| Thai Express | 1 | $350K | 0.0% |
| LSAA, LLC - Complete Contract | 1 | $1.3M | 0.0% |
| Mellow Mushroom | 1 | $1.4M | — |
| Marco's Pizza | 1 | $350K | — |
| Stevi B's Pizza | 1 | $500K | 100.0% |
| Atlanta Bread Company | 1 | $342K | 100.0% |
Lending volume by year
1'10
1'13
1'15
2'16
1'17
2'18
4'19
16'20
14'21
10'22
10'23
3'24
Geographic exposure
Portfolio summary
Total funded$65.8M
Defaults3 of 65
Risk tierELEVATED
Avg rate6.69%
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%).