HC
SBA 7(a) franchise lending portfolio
Harborstone CU
AVERAGE risk
- Total loans
- 36
- Loan volume
- $15.1M
- Avg loan size
- $421K
- Charge-off 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% (low risk) |
| Dairy Queen of the Pacific Nor | 3 | $2.3M | N/A |
| Gotcha Covered | 2 | $145K | 100.0% (very high risk) |
| Padgett Business Services | 2 | $78K | 0.0% (low risk) |
| Restoration1 | 2 | $120K | 0.0% (low risk) |
| Allstate Insurance | 2 | $480K | 0.0% (low risk) |
| Kampgrounds of America | 2 | $2.3M | N/A |
| Budget Blinds | 1 | $72K | 100.0% (very high risk) |
| Temporary Franchises | 1 | $80K | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 1 | $150K | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $235K | 0.0% (low risk) |
| Jimmy John's | 1 | $380K | 0.0% (low risk) |
| MAACO Auto Painting & Bodywork | 1 | $290K | 0.0% (low risk) |
| Fix Auto | 1 | $325K | 0.0% (low risk) |
| The Dailey Method | 1 | $150K | 0.0% (low risk) |
| Padgett Business Service | 1 | $90K | 0.0% (low risk) |
| Emerald City Smoothie | 1 | $113K | 0.0% (low risk) |
| Union 76 Oil | 1 | $2.4M | 0.0% (low risk) |
| Fat Shack | 1 | $115K | 0.0% (low risk) |
| Brown's Restaurant | 1 | $770K | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
3211.5% (elevated risk)
4N/A
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
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 Harborstone CU originated?
- 36 loans totaling $15.1M. The portfolio carries a 11.5% charge-off rate, earning a “AVERAGE” 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 Harborstone CU fund the most?
- The “Top franchise exposures” table above lists the brands Harborstone CU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.