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SBA 7(a) franchise lending portfolio
Horicon Bank
ELEVATED risk
- Total loans
- 26
- Loan volume
- $4.5M
- Avg loan size
- $173K
- Default 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% |
| Management Recruiters | 3 | $90K | 0.0% |
| The UPS Store | 3 | $331K | 0.0% |
| Ace Hardware | 2 | $1.2M | 0.0% |
| Fastsigns | 2 | $180K | 0.0% |
| barre3 | 2 | $141K | 0.0% |
| Naturalawn | 1 | $100K | 0.0% |
| Snip-Its | 1 | $215K | 100.0% |
| Snap Fitness | 1 | $190K | 0.0% |
| Roly Poly Rolled Sandwiches | 1 | $120K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $62K | 0.0% |
| Orange Theory Fitness | 1 | $440K | 0.0% |
| Super Valu Supermarket | 1 | $150K | 0.0% |
| Cousins Submarines (restaurant | 1 | $148K | 0.0% |
| Anytime Fitness | 1 | $289K | 100.0% |
| Save - A - Lot | 1 | $210K | 0.0% |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
2616.0%
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
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%).