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SBA 7(a) franchise lending portfolio
Horizon Bank
AVERAGE risk
- Total loans
- 108
- Loan volume
- $35.0M
- Avg loan size
- $324K
- Default rate
- 14.3%
- vs 15.4% national avg
Defaults
11
Avg interest
6.59%
Franchises funded
69
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Club Pilates | 6 | $2.3M | — |
| Dairy Queen | 5 | $925K | 0.0% |
| Zoup! | 4 | $720K | 50.0% |
| Subway | 4 | $2.5M | — |
| Ritter's Frozen Custard | 3 | $960K | 100.0% |
| Anytime Fitness | 3 | $700K | 0.0% |
| Gandolfo's New York Delicatess | 3 | $635K | 66.7% |
| Ace Hardware | 3 | $1.4M | 0.0% |
| Biggby Coffee | 3 | $1.4M | 0.0% |
| Metal Supermarkets | 3 | $450K | — |
| Smoothie King | 3 | $375K | 0.0% |
| Subway Sandwich Shop | 2 | $170K | 50.0% |
| Pro Golf | 2 | $606K | 50.0% |
| Biggby Coffee | 2 | $270K | 0.0% |
| Dairy Queen Grill & Chill/Texa | 2 | $826K | 0.0% |
| Two Men And A Truck | 2 | $980K | 0.0% |
| Arby's | 2 | $696K | 0.0% |
| Play It Again Sports | 2 | $330K | 0.0% |
| Jimmy John's | 2 | $750K | 0.0% |
| D1T raining | 2 | $614K | 0.0% |
Lending volume by year
1'92
1
1
1
1
1'98
1
2
1
3
2'04
3
2
1
3
4'10
3
4
3
5
10'15
7
5
5
1
5'20
2
2
7
12
9'25
Horizon Bank default rate by loan vintage
BrandNational avg
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%).