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SBA 7(a) franchise lending portfolio
Independent Bank
EXCELLENT risk
- Total loans
- 25
- Loan volume
- $13.3M
- Avg loan size
- $532K
- Default 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% |
| School of Rock | 3 | $1.5M | — |
| Fedex | 2 | $123K | 0.0% |
| Breadsmith | 2 | $331K | 0.0% |
| Dickey's Barbeque | 1 | $413K | 0.0% |
| Sport Clips | 1 | $1.2M | 0.0% |
| Subway Sandwich Shop | 1 | $30K | 0.0% |
| Jimmy John's | 1 | $85K | 0.0% |
| Shell Service Station | 1 | $800K | 0.0% |
| Express Employment Professiona | 1 | $150K | 0.0% |
| Mr. Rooter | 1 | $210K | 0.0% |
| Snap-On Tools | 1 | $118K | 0.0% |
| Paul Davis Restoration | 1 | $75K | 0.0% |
| State Farm Insurance | 1 | $309K | 0.0% |
| Tiemanns Delivery Federal Expr | 1 | $81K | 0.0% |
| Wingstop Restaurant | 1 | $374K | 0.0% |
| Ziebart | 1 | $256K | — |
| The Pump House | 1 | $280K | — |
| Graze Craze | 1 | $235K | — |
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 default rate by loan vintage
BrandNational avg
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%).