SBA 7(a) franchise lending portfolio
Charged off
30
Avg interest
7.58%
Franchises funded
67
Risk rating
High Risk
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 19 | $1.9M | 10.5% (average) |
| Quiznos | 4 | $510K | N/A |
| AAMCO Transmissions | 3 | $432K | N/A |
| Blimpie | 3 | $254K | N/A |
| Econo Lodge Motel | 3 | $200K | N/A |
| Convenient Food Mart | 2 | $250K | N/A |
| Dairy Queen | 2 | $757K | N/A |
| Kiddie Academy | 2 | $129K | N/A |
| Mail Boxes Etc. Usa | 2 | $95K | N/A |
| Domino's Pizza | 2 | $175K | N/A |
| Tutor Time | 2 | $226K | N/A |
| Quik Drop | 2 | $174K | N/A |
| Meineke Car Care | 2 | $150K | N/A |
| Extra Innings Training Centers | 2 | $200K | N/A |
| Dunkin Donuts | 2 | $770K | N/A |
| Tropical Smoothie | 2 | $223K | N/A |
| Conte's Bicycles And Fitness E | 2 | $827K | N/A |
| Jackson Hewitt Tax Service | 1 | $30K | N/A |
| Fantastic Sam's | 1 | $51K | N/A |
| Mobil Oil (stations) | 1 | $950K | N/A |
| Fiscal year | Loans |
|---|---|
| FY1992 | 3 |
| FY1993 | 2 |
| FY1994 | 3 |
| FY1995 | 5 |
| FY1996 | 6 |
| FY1997 | 16 |
| FY1998 | 3 |
| FY1999 | 4 |
| FY2000 | 2 |
| FY2002 | 5 |
| FY2003 | 8 |
| FY2004 | 8 |
| FY2005 | 15 |
| FY2006 | 4 |
| FY2007 | 8 |
| FY2008 | 5 |
| FY2009 | 4 |
| FY2010 | 1 |
| FY2011 | 1 |
| FY2013 | 1 |
| FY2019 | 1 |
| FY2020 | 1 |
SBA 7(a) · charge-off rate by approval year
HSBC Bank USA National Association: above all franchise loans in each of the 2 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 3 | 2 | Too few |
| 1994 | 3 | 1 | Too few |
| 1995 | 5 | 1 | Too few |
| 1996 | 6 | 2 | Too few |
| 1997 | 16 | 4 | 25.0% |
| 1998 | 3 | 1 | Too few |
| 1999 | 4 | 0 | Too few |
| 2002 | 5 | 0 | Too few |
| 2003 | 8 | 4 | Too few |
| 2004 | 8 | 4 | Too few |
| 2005 | 15 | 5 | 33.3% |
| 2006 | 4 | 1 | Too few |
| 2007 | 8 | 3 | Too few |
| 2008 | 5 | 2 | Too few |
| 2009 | 4 | 0 | Too few |
Dashed line: all franchise 7(a) loans approved the same year.
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%).