HB
SBA 7(a) franchise lending portfolio
Heritage Bank, National Association
AVERAGE risk
- Total loans
- 20
- Loan volume
- $3.9M
- Avg loan size
- $194K
- Charge-off 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% (low risk) |
| Play It Again Sports (retail S | 2 | $114K | 0.0% (low risk) |
| Chesapeake Bagel Bakery | 2 | $377K | 100.0% (very high risk) |
| Ace Cash Express | 2 | $128K | 0.0% (low risk) |
| NAPA Auto Parts | 1 | $80K | 0.0% (low risk) |
| Hallmark Card Shop | 1 | $226K | 0.0% (low risk) |
| Cottman Transmission | 1 | $50K | 0.0% (low risk) |
| Dairy Queen | 1 | $280K | 0.0% (low risk) |
| Perkins Restaurants | 1 | $250K | 0.0% (low risk) |
| Pronto Markets | 1 | $262K | 0.0% (low risk) |
| Sport Clips | 1 | $181K | 0.0% (low risk) |
| Hardware Hank | 1 | $430K | 0.0% (low risk) |
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
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 Heritage Bank, National Association originated?
- 20 loans totaling $3.9M. The portfolio carries a 10.0% 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 Heritage Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands Heritage Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.