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SBA 7(a) franchise lending portfolio
IncredibleBank
GOOD risk
- Total loans
- 121
- Loan volume
- $157.9M
- Avg loan size
- $1.3M
- Default rate
- 7.0%
- vs 15.4% national avg
Defaults
4
Avg interest
6.70%
Franchises funded
93
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 6 | $3.5M | 0.0% |
| Mr Brews Taphouse | 3 | $1.0M | 0.0% |
| Midas | 3 | $3.2M | 0.0% |
| Quality Inn by Choice Hotels / | 3 | $8.9M | 0.0% |
| Days Inn by Wyndham | 3 | $4.3M | 0.0% |
| Motel 6 | 2 | $4.2M | — |
| Baymont by Wyndham aka Baymont | 2 | $6.0M | 0.0% |
| Econo Lodge by Choice Hotels/E | 2 | $3.0M | 0.0% |
| Comfort Inn by Choice Hotels/C | 2 | $7.3M | 0.0% |
| Hardware Hank | 2 | $232K | 0.0% |
| Taco John's | 2 | $1.0M | — |
| Tropical Smoothie Cafe | 2 | $913K | — |
| Dairy Queen of Las Vegas - Ope | 2 | $1.2M | 0.0% |
| iCode | 2 | $801K | — |
| Ruth's Chris Steak House | 2 | $2.9M | 0.0% |
| Travelodge by Wyndham | 2 | $4.9M | — |
| Restore Hyper Wellness | 2 | $930K | — |
| Americas Best Value Inn | 2 | $3.4M | — |
| Great Harvest Bread Co. | 2 | $570K | — |
| Epic Wings/Epic Wings N Things | 2 | $1.4M | 0.0% |
Lending volume by year
1'99
1'01
1'02
1'06
3'08
2'10
1'11
1'13
1'14
1'15
3'16
2'17
8'18
29'19
11'20
22'21
16'22
6'23
10'24
1'25
IncredibleBank default rate by loan vintage
BrandNational avg
Geographic exposure
338.7%
150.0%
150.0%
130.0%
720.0%
40.0%
30.0%
30.0%
30.0%
Portfolio summary
Total funded$157.9M
Defaults4 of 121
Risk tierGOOD
Avg rate6.70%
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%).