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SBA 7(a) franchise lending portfolio
Honor Bank
GOOD risk
- Total loans
- 16
- Loan volume
- $2.2M
- Avg loan size
- $140K
- Default rate
- 8.3%
- vs 15.4% national avg
Defaults
1
Avg interest
6.23%
Franchises funded
9
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Servpro | 3 | $300K | 0.0% |
| Verizon Wireless Zone | 3 | $128K | 0.0% |
| Subway | 2 | $257K | 0.0% |
| Mr. Rooter | 2 | $201K | 0.0% |
| Play It Again Sports | 2 | $650K | — |
| Chem-Dry | 1 | $20K | 100.0% |
| Great Clips | 1 | $90K | 0.0% |
| Snap-On Tools | 1 | $40K | 0.0% |
| Kilwins Chocolates and Ice Cre | 1 | $552K | — |
Lending volume by year
1'03
4'09
1'12
2'13
1'15
2'16
2'18
1'23
2'24
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%).