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SBA 7(a) franchise lending portfolio
Harborstone CU
AVERAGE risk
- Total loans
- 36
- Loan volume
- $15.1M
- Avg loan size
- $421K
- Default rate
- 11.5%
- vs 15.4% national avg
Defaults
3
Avg interest
6.76%
Franchises funded
27
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cartridge World | 3 | $330K | 0.0% |
| Dairy Queen of the Pacific Nor | 3 | $2.3M | — |
| Gotcha Covered | 2 | $145K | 100.0% |
| Padgett Business Services | 2 | $78K | 0.0% |
| Restoration1 | 2 | $120K | 0.0% |
| Allstate Insurance | 2 | $480K | 0.0% |
| Kampgrounds of America | 2 | $2.3M | — |
| Budget Blinds | 1 | $72K | 100.0% |
| Temporary Franchises | 1 | $80K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $150K | 0.0% |
| Subway Sandwich Shop | 1 | $235K | 0.0% |
| Jimmy John's | 1 | $380K | 0.0% |
| MAACO Auto Painting & Bodywork | 1 | $290K | 0.0% |
| Fix Auto | 1 | $325K | 0.0% |
| The Dailey Method | 1 | $150K | 0.0% |
| Padgett Business Service | 1 | $90K | 0.0% |
| Emerald City Smoothie | 1 | $113K | 0.0% |
| Union 76 Oil | 1 | $2.4M | 0.0% |
| Fat Shack | 1 | $115K | 0.0% |
| Brown's Restaurant | 1 | $770K | 0.0% |
Lending volume by year
2'04
3'05
3'06
1'11
2'12
1'13
5'14
3'15
2'16
2'17
1'18
1'19
2'20
2'21
1'23
1'24
2'25
2'26
Harborstone CU default rate by loan vintage
BrandNational avg
Geographic exposure
3211.5%
4—
Portfolio summary
Total funded$15.1M
Defaults3 of 36
Risk tierAVERAGE
Avg rate6.76%
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%).