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SBA 7(a) franchise lending portfolio
Kearny Bank
AVERAGE risk
- Total loans
- 27
- Loan volume
- $9.2M
- Avg loan size
- $342K
- Default 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% |
| Bruster's | 2 | $250K | 50.0% |
| Embroide Me.com | 2 | $150K | 0.0% |
| Subway Sandwich Shop | 2 | $310K | 0.0% |
| Papa John's Pizza | 2 | $500K | 0.0% |
| Retro Fitness | 2 | $1.5M | 0.0% |
| Edible Arrangements | 2 | $390K | 0.0% |
| Jersey Mike's (deli Restaurant | 2 | $1.1M | 0.0% |
| Temporary Franchises | 1 | $325K | 0.0% |
| New York Bagel Shop & Delicate | 1 | $200K | 0.0% |
| Perkins Restaurants | 1 | $60K | 0.0% |
| Denny's Restaurant | 1 | $625K | 100.0% |
| Arby's | 1 | $440K | 100.0% |
| Dunkin Donuts | 1 | $1.4M | 0.0% |
| Jakes WayBack Burgers | 1 | $150K | 0.0% |
| Snap-On Tools | 1 | $391K | — |
| The Pita Pit | 1 | $250K | 0.0% |
| Superior Fence and Rail | 1 | $227K | 0.0% |
| YogaSix | 1 | $344K | 0.0% |
Lending volume by year
7'08
8'09
1'11
5'12
1'15
2'16
1'17
1'21
1'22
Kearny Bank default rate by loan vintage
BrandNational avg
Geographic exposure
2612.0%
10.0%
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
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%).