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SBA 7(a) franchise lending portfolio
Heritage Bank Inc
EXCELLENT risk
- Total loans
- 34
- Loan volume
- $17.3M
- Avg loan size
- $508K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
10.13%
Franchises funded
26
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Crumbl | 4 | $2.5M | — |
| 911 Restoration | 3 | $783K | — |
| D1T raining | 2 | $1.3M | — |
| Meineke Car Care Center | 2 | $686K | — |
| Cupbop | 2 | $1.3M | — |
| Grease Monkey | 1 | $132K | — |
| The Camp Transformation Center | 1 | $150K | — |
| Jimmy John's | 1 | $695K | — |
| Valvoline - Express Care Sales | 1 | $1.4M | 0.0% |
| Fit Body Boot Camp | 1 | $150K | — |
| Sylvan Learning Centers | 1 | $150K | — |
| Vocelli Pizza | 1 | $150K | — |
| HouseMaster | 1 | $150K | — |
| Cali Coffee | 1 | $1.6M | — |
| Voda Cleaning & Restoration | 1 | $325K | — |
| Penn Station East Coast Subs | 1 | $1.5M | — |
| Bin There...Dump That | 1 | $232K | — |
| Bridge to Better Living | 1 | $44K | 0.0% |
| Paik's Noodle | 1 | $608K | — |
| Huntington Learning Center | 1 | $720K | 0.0% |
Lending volume by year
1'19
1'21
2'22
10'23
4'24
12'25
4'26
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%).