KB
SBA 7(a) franchise lending portfolio
Kearny Bank
AVERAGE risk
- Total loans
- 27
- Loan volume
- $9.2M
- Avg loan size
- $342K
- Charge-off rate
- 11.5%
- vs 15.4% national avg
Defaults
3
Avg interest
6.10%
Franchises funded
19
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Domino's Pizza | 2 | $680K | 0.0% (low risk) |
| Bruster's | 2 | $250K | 50.0% (very high risk) |
| Embroide Me.com | 2 | $150K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $310K | 0.0% (low risk) |
| Papa John's Pizza | 2 | $500K | 0.0% (low risk) |
| Retro Fitness | 2 | $1.5M | 0.0% (low risk) |
| Edible Arrangements | 2 | $390K | 0.0% (low risk) |
| Jersey Mike's (deli Restaurant | 2 | $1.1M | 0.0% (low risk) |
| Temporary Franchises | 1 | $325K | 0.0% (low risk) |
| New York Bagel Shop & Delicate | 1 | $200K | 0.0% (low risk) |
| Perkins Restaurants | 1 | $60K | 0.0% (low risk) |
| Denny's Restaurant | 1 | $625K | 100.0% (very high risk) |
| Arby's | 1 | $440K | 100.0% (very high risk) |
| Dunkin Donuts | 1 | $1.4M | 0.0% (low risk) |
| Jakes WayBack Burgers | 1 | $150K | 0.0% (low risk) |
| Snap-On Tools | 1 | $391K | N/A |
| The Pita Pit | 1 | $250K | 0.0% (low risk) |
| Superior Fence and Rail | 1 | $227K | 0.0% (low risk) |
| YogaSix | 1 | $344K | 0.0% (low risk) |
Lending volume by year
7'08
8'09
1'11
5'12
1'15
2'16
1'17
1'21
1'22
Kearny Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
2612.0% (elevated risk)
10.0% (low risk)
Portfolio summary
Total funded$9.2M
Defaults3 of 27
Risk tierAVERAGE
Avg rate6.10%
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 Kearny Bank originated?
- 27 loans totaling $9.2M. The portfolio carries a 11.5% charge-off rate, earning a “AVERAGE” 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 Kearny Bank fund the most?
- The “Top franchise exposures” table above lists the brands Kearny 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.