IB
SBA 7(a) franchise lending portfolio
Independent Bank
EXCELLENT risk
- Total loans
- 25
- Loan volume
- $13.3M
- Avg loan size
- $532K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.75%
Franchises funded
19
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Goldfish Swim School | 3 | $6.7M | 0.0% (low risk) |
| School of Rock | 3 | $1.5M | N/A |
| Fedex | 2 | $123K | 0.0% (low risk) |
| Breadsmith | 2 | $331K | 0.0% (low risk) |
| Dickey's Barbeque | 1 | $413K | 0.0% (low risk) |
| Sport Clips | 1 | $1.2M | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $30K | 0.0% (low risk) |
| Jimmy John's | 1 | $85K | 0.0% (low risk) |
| Shell Service Station | 1 | $800K | 0.0% (low risk) |
| Express Employment Professiona | 1 | $150K | 0.0% (low risk) |
| Mr. Rooter | 1 | $210K | 0.0% (low risk) |
| Snap-On Tools | 1 | $118K | 0.0% (low risk) |
| Paul Davis Restoration | 1 | $75K | 0.0% (low risk) |
| State Farm Insurance | 1 | $309K | 0.0% (low risk) |
| Tiemanns Delivery Federal Expr | 1 | $81K | 0.0% (low risk) |
| Wingstop Restaurant | 1 | $374K | 0.0% (low risk) |
| Ziebart | 1 | $256K | N/A |
| The Pump House | 1 | $280K | N/A |
| Graze Craze | 1 | $235K | N/A |
Lending volume by year
1'09
3'10
1'11
4'12
4'13
2'14
1'15
1'22
1'23
2'24
4'25
1'26
Independent Bank charge-off rate by loan vintage
BrandNational avg
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 Independent Bank originated?
- 25 loans totaling $13.3M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Independent Bank fund the most?
- The “Top franchise exposures” table above lists the brands Independent 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.