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SBA 7(a) franchise lending portfolio
Heritage Bank, National Association
AVERAGE risk
- Total loans
- 20
- Loan volume
- $3.9M
- Avg loan size
- $194K
- Default rate
- 10.0%
- vs 15.4% national avg
Defaults
2
Avg interest
5.64%
Franchises funded
12
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Culligan Soft Water Service | 6 | $1.5M | 0.0% |
| Play It Again Sports (retail S | 2 | $114K | 0.0% |
| Chesapeake Bagel Bakery | 2 | $377K | 100.0% |
| Ace Cash Express | 2 | $128K | 0.0% |
| NAPA Auto Parts | 1 | $80K | 0.0% |
| Hallmark Card Shop | 1 | $226K | 0.0% |
| Cottman Transmission | 1 | $50K | 0.0% |
| Dairy Queen | 1 | $280K | 0.0% |
| Perkins Restaurants | 1 | $250K | 0.0% |
| Pronto Markets | 1 | $262K | 0.0% |
| Sport Clips | 1 | $181K | 0.0% |
| Hardware Hank | 1 | $430K | 0.0% |
Lending volume by year
1'92
2'94
2'95
4'96
3'97
2'98
1'99
2'00
1'05
1'11
1'17
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%).