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SBA 7(a) franchise lending portfolio
KeyBank National Association
AVERAGE risk
- Total loans
- 1,530
- Loan volume
- $600.1M
- Avg loan size
- $392K
- Charge-off rate
- 11.7%
- vs 15.4% national avg
Defaults
128
Avg interest
6.82%
Franchises funded
602
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 81 | $11.5M | 4.9% (low risk) |
| Quiznos | 62 | $9.9M | 27.4% (very high risk) |
| Anytime Fitness | 41 | $20.1M | 0.0% (low risk) |
| Marco's Pizza | 35 | $15.0M | 0.0% (low risk) |
| Urban Air Adventure Park | 30 | $71.6M | 0.0% (low risk) |
| D-Bat | 28 | $23.6M | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 24 | $4.8M | 20.8% (very high risk) |
| Mail Boxes Etc. Usa | 18 | $1.8M | 11.1% (elevated risk) |
| Dairy Queen | 16 | $5.5M | 0.0% (low risk) |
| Uptown Cheapskate | 16 | $7.0M | 0.0% (low risk) |
| Blimpie | 14 | $1.4M | 21.4% (very high risk) |
| Fastsigns | 13 | $2.0M | 0.0% (low risk) |
| Hotworx | 13 | $4.8M | N/A |
| Massage Envy | 12 | $7.5M | 0.0% (low risk) |
| Subway | 12 | $2.7M | 20.0% (very high risk) |
| The UPS Store (f/k/a Mail Box | 12 | $3.4M | 0.0% (low risk) |
| Camp Bow Wow | 12 | $14.3M | 0.0% (low risk) |
| Zeek's Pizza | 10 | $6.5M | 0.0% (low risk) |
| Play It Again Sports (retail S | 9 | $903K | 0.0% (low risk) |
| Quizno's Subs | 9 | $1.1M | 33.3% (very high risk) |
Lending volume by year
19'92
21
26
51
41
45'97
25
26
36
33
34'02
51
71
76
22
17'07
30
14
41
32
16'12
35
37
39
35
61'17
66
80
71
142
88'22
72
38
33
6'26
KeyBank National Association charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
2959.7% (moderate risk)
23614.6% (elevated risk)
21412.2% (elevated risk)
11113.6% (elevated risk)
10112.8% (elevated risk)
747.7% (moderate risk)
725.0% (moderate risk)
6616.3% (high risk)
376.2% (moderate risk)
377.7% (moderate risk)
Portfolio summary
Total funded$600.1M
Defaults128 of 1,530
Risk tierAVERAGE
Avg rate6.82%
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 KeyBank National Association originated?
- 1,530 loans totaling $600.1M. The portfolio carries a 11.7% 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 KeyBank National Association fund the most?
- The “Top franchise exposures” table above lists the brands KeyBank National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.