HB
SBA 7(a) franchise lending portfolio
Horicon Bank
ELEVATED risk
- Total loans
- 26
- Loan volume
- $4.5M
- Avg loan size
- $173K
- Charge-off rate
- 16.0%
- vs 15.4% national avg
Defaults
4
Avg interest
6.17%
Franchises funded
16
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fantastic Sam's | 4 | $580K | 50.0% (very high risk) |
| Management Recruiters | 3 | $90K | 0.0% (low risk) |
| The UPS Store | 3 | $331K | 0.0% (low risk) |
| Ace Hardware | 2 | $1.2M | 0.0% (low risk) |
| Fastsigns | 2 | $180K | 0.0% (low risk) |
| barre3 | 2 | $141K | 0.0% (low risk) |
| Naturalawn | 1 | $100K | 0.0% (low risk) |
| Snip-Its | 1 | $215K | 100.0% (very high risk) |
| Snap Fitness | 1 | $190K | 0.0% (low risk) |
| Roly Poly Rolled Sandwiches | 1 | $120K | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 1 | $62K | 0.0% (low risk) |
| Orange Theory Fitness | 1 | $440K | 0.0% (low risk) |
| Super Valu Supermarket | 1 | $150K | 0.0% (low risk) |
| Cousins Submarines (restaurant | 1 | $148K | 0.0% (low risk) |
| Anytime Fitness | 1 | $289K | 100.0% (very high risk) |
| Save - A - Lot | 1 | $210K | 0.0% (low risk) |
Lending volume by year
2'03
3'04
3'05
3'07
1'08
2'09
3'10
1'11
1'12
1'15
3'16
1'17
1'18
1'19
Horicon Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
2616.0% (high risk)
Portfolio summary
Total funded$4.5M
Defaults4 of 26
Risk tierELEVATED
Avg rate6.17%
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 Horicon Bank originated?
- 26 loans totaling $4.5M. The portfolio carries a 16.0% charge-off rate, earning a “ELEVATED” 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 Horicon Bank fund the most?
- The “Top franchise exposures” table above lists the brands Horicon Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.