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SBA 7(a) franchise lending portfolio
Grasshopper Bank National Association
EXCELLENT risk
- Total loans
- 26
- Loan volume
- $27.2M
- Avg loan size
- $1.0M
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
9.19%
Franchises funded
19
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Glo Tanning | 4 | $2.8M | 0.0% |
| Super 8 by Wyndhan | 3 | $6.3M | — |
| Retrofitness | 2 | $1.8M | — |
| Crumbl | 2 | $1.8M | — |
| D Pet Hotels | 1 | $1.5M | — |
| Restore Hyper Wellness | 1 | $999K | — |
| America's Best Inns & Suites | 1 | $1.6M | — |
| F45 Training | 1 | $600K | 0.0% |
| Subway | 1 | $350K | — |
| Blaze Pizza | 1 | $1.4M | — |
| Hampton Inn | 1 | $1.1M | — |
| TACenergy, LLC (Sinclair) Sinc | 1 | $1.5M | 0.0% |
| Little Caesars | 1 | $788K | — |
| My Favorite Muffin | 1 | $351K | — |
| redbox+ | 1 | $906K | — |
| Bin There...Dump That | 1 | $331K | — |
| The UPS Store (f/k/a Mail Box | 1 | $1.5M | 0.0% |
| Victory Lane Quick Oil Change | 1 | $280K | — |
| Sphinx Petroleum, Inc. (Marath | 1 | $1.2M | — |
Lending volume by year
7'22
10'23
6'24
3'25
Geographic exposure
30.0%
30.0%
20.0%
2—
20.0%
2—
2—
1—
Portfolio summary
Total funded$27.2M
Defaults0 of 26
Risk tierEXCELLENT
Avg rate9.19%
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%).