GB
SBA 7(a) franchise lending portfolio
Granite Bank
GOOD risk
- Total loans
- 20
- Loan volume
- $9.5M
- Avg loan size
- $476K
- Charge-off rate
- 7.7%
- vs 15.4% national avg
Defaults
1
Avg interest
6.26%
Franchises funded
13
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jimmy John's | 6 | $4.9M | 0.0% (low risk) |
| Nautical Bowls | 2 | $528K | 0.0% (low risk) |
| Floor to Ceiling | 2 | $1.9M | N/A |
| Color Tile | 1 | $20K | 0.0% (low risk) |
| NAPA Auto Parts | 1 | $160K | 0.0% (low risk) |
| Healthsource Chiropractic | 1 | $134K | 0.0% (low risk) |
| GNC | 1 | $85K | 0.0% (low risk) |
| 1-800 Dry Clean Of Scripps Pow | 1 | $68K | 100.0% (very high risk) |
| Gameday Men's Health/Gameday | 1 | $399K | N/A |
| The UPS Store (f/k/a Mail Box | 1 | $844K | N/A |
| Dunn Brothers Coffee | 1 | $135K | N/A |
| Homewatch CareGivers | 1 | $50K | 0.0% (low risk) |
| Express Employment Professiona | 1 | $275K | N/A |
Lending volume by year
1'93
1'97
2'10
1'19
8'21
2'22
2'23
3'24
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off 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%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Granite Bank originated?
- 20 loans totaling $9.5M. The portfolio carries a 7.7% charge-off rate, earning a “GOOD” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Granite Bank fund the most?
- The “Top franchise exposures” table above lists the brands Granite Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.