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SBA 7(a) franchise lending portfolio
Heritage Bank of Commerce
GOOD risk
- Total loans
- 147
- Loan volume
- $113.7M
- Avg loan size
- $774K
- Default rate
- 7.5%
- vs 15.4% national avg
Defaults
10
Avg interest
6.21%
Franchises funded
86
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Quiznos | 11 | $1.6M | 9.1% |
| Speedee Oil Change & Tune-Up | 8 | $3.7M | 12.5% |
| Subway Sandwich Shop | 5 | $993K | 0.0% |
| Days Inn | 5 | $9.3M | 0.0% |
| Minuteman Press | 3 | $395K | 0.0% |
| MAACO Auto Painting Center | 3 | $1.5M | 0.0% |
| Best Western Inn | 3 | $4.3M | 0.0% |
| Comfort Inn | 3 | $5.6M | 0.0% |
| Howard Johnson | 3 | $5.3M | 0.0% |
| Union 76 Oil | 3 | $1.6M | 33.3% |
| Travelodge | 3 | $4.6M | 33.3% |
| Super 8 Motel | 3 | $4.1M | 0.0% |
| Quality Inn/Quality Suites, Ho | 3 | $10.8M | 0.0% |
| MAACO Auto Painting & Bodywork | 3 | $955K | 33.3% |
| Precision Tune | 2 | $672K | 50.0% |
| Texaco Service Station | 2 | $846K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 2 | $465K | 0.0% |
| Dream Dinners | 2 | $457K | 0.0% |
| Econo Lodge Motel | 2 | $2.8M | 0.0% |
| UPS Store | 2 | $400K | 0.0% |
Lending volume by year
1'94
1
1
1
2
3'00
14
10
12
12
9'05
7
10
3
4
3'10
5
5
13
5
5'16
2
7
4
5
1'23
1
1'26
Heritage Bank of Commerce default rate by loan vintage
BrandNational avg
Geographic exposure
1477.5%
Portfolio summary
Total funded$113.7M
Defaults10 of 147
Risk tierGOOD
Avg rate6.21%
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%).