I
SBA 7(a) franchise lending portfolio
IncredibleBank
Risk rating: Good
- Total loans
- 121
- Loan volume
- $157.9M
- Avg loan size
- $1.3M
- Charge-off rate
- 7.0%
- vs 16.0% national
Charged off
4
Avg interest
6.70%
Franchises funded
93
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 6 | $3.5M | N/A |
| Mr Brews Taphouse | 3 | $1.0M | N/A |
| Midas | 3 | $3.2M | N/A |
| Quality Inn by Choice Hotels / | 3 | $8.9M | N/A |
| Days Inn by Wyndham | 3 | $4.3M | N/A |
| Motel 6 | 2 | $4.2M | N/A |
| Baymont by Wyndham aka Baymont | 2 | $6.0M | N/A |
| Econo Lodge by Choice Hotels/E | 2 | $3.0M | N/A |
| Comfort Inn by Choice Hotels/C | 2 | $7.3M | N/A |
| Hardware Hank | 2 | $232K | N/A |
| Taco John's | 2 | $1.0M | N/A |
| Tropical Smoothie Cafe | 2 | $913K | N/A |
| Dairy Queen of Las Vegas - Ope | 2 | $1.2M | N/A |
| iCode | 2 | $801K | N/A |
| Ruth's Chris Steak House | 2 | $2.9M | N/A |
| Travelodge by Wyndham | 2 | $4.9M | N/A |
| Restore Hyper Wellness | 2 | $930K | N/A |
| Americas Best Value Inn | 2 | $3.4M | N/A |
| Great Harvest Bread Co. | 2 | $570K | N/A |
| Epic Wings/Epic Wings N Things | 2 | $1.4M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1999 | 1 |
| FY2001 | 1 |
| FY2002 | 1 |
| FY2006 | 1 |
| FY2008 | 3 |
| FY2010 | 2 |
| FY2011 | 1 |
| FY2013 | 1 |
| FY2014 | 1 |
| FY2015 | 1 |
| FY2016 | 3 |
| FY2017 | 2 |
| FY2018 | 8 |
| FY2019 | 29 |
| FY2020 | 11 |
| FY2021 | 22 |
| FY2022 | 16 |
| FY2023 | 6 |
| FY2024 | 10 |
| FY2025 | 1 |
SBA 7(a) · charge-off rate by approval year
IncredibleBank charge-off rate by loan vintage
Only 1 of these 6 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 |
|---|---|---|---|
| 2008 | 3 | 0 | Too few |
| 2018 | 7 | 0 | Too few |
| 2019 | 18 | 2 | 11.1% |
| 2020 | 5 | 0 | Too early |
| 2021 | 5 | 0 | Too early |
| 2022 | 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.
Geographic exposure
338.7% (good)
150.0% (excellent)
150.0% (excellent)
130.0% (excellent)
7N/A
4N/A
3N/A
3N/A
3N/A
3N/A
Portfolio summary
Total funded$157.9M
Charged off4 of 121
Risk tierGood
Avg rate6.70%
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 IncredibleBank originated?
- 121 loans totaling $157.9M. The portfolio carries a 7.0% charge-off rate, earning a “Good” 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. IncredibleBank's rate of 7.0% 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 IncredibleBank fund the most?
- The “Top franchise exposures” table above lists the brands IncredibleBank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.