HB
SBA 7(a) franchise lending portfolio
Horizon Bank
Risk rating: Average
- Total loans
- 108
- Loan volume
- $35.0M
- Avg loan size
- $324K
- Charge-off rate
- 14.3%
- vs 16.0% national
Charged off
11
Avg interest
6.59%
Franchises funded
69
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Dairy Queen | 7 | $1.8M | N/A |
| Club Pilates | 6 | $2.3M | N/A |
| Subway | 6 | $2.7M | N/A |
| Biggby Coffee | 5 | $1.7M | N/A |
| Zoup! | 4 | $720K | N/A |
| Ritter's Frozen Custard | 3 | $960K | N/A |
| Anytime Fitness | 3 | $700K | N/A |
| Gandolfo's New York Delicatess | 3 | $635K | N/A |
| Ace Hardware | 3 | $1.4M | N/A |
| Metal Supermarkets | 3 | $450K | N/A |
| Smoothie King | 3 | $375K | N/A |
| Pro Golf | 2 | $606K | N/A |
| Two Men And A Truck | 2 | $980K | N/A |
| Arby's | 2 | $696K | N/A |
| Play It Again Sports | 2 | $330K | N/A |
| Jimmy John's | 2 | $750K | N/A |
| D1T raining | 2 | $614K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1994 | 1 |
| FY1995 | 1 |
| FY1996 | 1 |
| FY1997 | 1 |
| FY1998 | 1 |
| FY1999 | 1 |
| FY2001 | 2 |
| FY2002 | 1 |
| FY2003 | 3 |
| FY2004 | 2 |
| FY2005 | 3 |
| FY2007 | 2 |
| FY2008 | 1 |
| FY2009 | 3 |
| FY2010 | 4 |
| FY2011 | 3 |
| FY2012 | 4 |
| FY2013 | 3 |
| FY2014 | 5 |
| FY2015 | 10 |
| FY2016 | 7 |
| FY2017 | 5 |
| FY2018 | 5 |
| FY2019 | 1 |
| FY2020 | 5 |
| FY2021 | 2 |
| FY2022 | 2 |
| FY2023 | 7 |
| FY2024 | 12 |
| FY2025 | 9 |
SBA 7(a) · charge-off rate by approval year
Horizon Bank charge-off rate by loan vintage
Only 1 of these 13 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2003 | 3 | 3 | Too few |
| 2005 | 3 | 1 | Too few |
| 2009 | 3 | 0 | Too few |
| 2010 | 4 | 0 | Too few |
| 2011 | 3 | 0 | Too few |
| 2012 | 4 | 0 | Too few |
| 2014 | 4 | 1 | Too few |
| 2015 | 10 | 2 | 20.0% |
| 2016 | 7 | 3 | Too few |
| 2017 | 4 | 0 | Too few |
| 2018 | 5 | 0 | Too few |
| 2020 | 4 | 0 | Too early |
| 2023 | 3 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 Horizon Bank originated?
- 108 loans totaling $35.0M. The portfolio carries a 14.3% charge-off rate, earning a “Average” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Horizon Bank's rate of 14.3% is below the national rate.
- 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 Horizon Bank fund the most?
- The “Top franchise exposures” table above lists the brands Horizon 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.