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SBA 7(a) franchise lending portfolio
Granite Bank
GOOD risk
- Total loans
- 20
- Loan volume
- $9.5M
- Avg loan size
- $476K
- Default 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% |
| Nautical Bowls | 2 | $528K | 0.0% |
| Floor to Ceiling | 2 | $1.9M | — |
| Color Tile | 1 | $20K | 0.0% |
| NAPA Auto Parts | 1 | $160K | 0.0% |
| Healthsource Chiropractic | 1 | $134K | 0.0% |
| GNC | 1 | $85K | 0.0% |
| 1-800 Dry Clean Of Scripps Pow | 1 | $68K | 100.0% |
| Gameday Men's Health/Gameday | 1 | $399K | — |
| The UPS Store (f/k/a Mail Box | 1 | $844K | — |
| Dunn Brothers Coffee | 1 | $135K | — |
| Homewatch CareGivers | 1 | $50K | 0.0% |
| Express Employment Professiona | 1 | $275K | — |
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
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%).