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SBA 7(a) franchise lending portfolio
KeyBank National Association
Risk rating: Average
- Total loans
- 1,530
- Loan volume
- $600.1M
- Avg loan size
- $392K
- Charge-off rate
- 11.7%
- vs 16.0% national
Charged off
128
Avg interest
6.82%
Franchises funded
602
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 93 | $14.2M | 6.6% (good) |
| Quiznos | 62 | $9.9M | 27.4% (high risk) |
| Anytime Fitness | 41 | $20.1M | 0.0% (excellent) |
| Marco's Pizza | 35 | $15.0M | N/A |
| Urban Air Adventure Park | 30 | $71.6M | 0.0% (excellent) |
| Mail Boxes Etc. Usa | 30 | $5.2M | 8.7% (good) |
| D-Bat | 28 | $23.6M | N/A |
| Cold Stone Creamery, Inc. | 24 | $4.8M | 20.8% (high risk) |
| Dairy Queen | 16 | $5.5M | 0.0% (excellent) |
| Uptown Cheapskate | 16 | $7.0M | N/A |
| Blimpie | 14 | $1.4M | 21.4% (high risk) |
| Fastsigns | 13 | $2.0M | N/A |
| Hotworx | 13 | $4.8M | N/A |
| Massage Envy | 12 | $7.5M | 0.0% (excellent) |
| Camp Bow Wow | 12 | $14.3M | N/A |
| Zeek's Pizza | 10 | $6.5M | N/A |
| Play It Again Sports (retail S | 9 | $903K | N/A |
| Quizno's Subs | 9 | $1.1M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 19 |
| FY1993 | 21 |
| FY1994 | 26 |
| FY1995 | 51 |
| FY1996 | 41 |
| FY1997 | 45 |
| FY1998 | 25 |
| FY1999 | 26 |
| FY2000 | 36 |
| FY2001 | 33 |
| FY2002 | 34 |
| FY2003 | 51 |
| FY2004 | 71 |
| FY2005 | 76 |
| FY2006 | 22 |
| FY2007 | 17 |
| FY2008 | 30 |
| FY2009 | 14 |
| FY2010 | 41 |
| FY2011 | 32 |
| FY2012 | 16 |
| FY2013 | 35 |
| FY2014 | 37 |
| FY2015 | 39 |
| FY2016 | 35 |
| FY2017 | 61 |
| FY2018 | 66 |
| FY2019 | 80 |
| FY2020 | 71 |
| FY2021 | 142 |
| FY2022 | 88 |
| FY2023 | 72 |
| FY2024 | 38 |
| FY2025 | 33 |
| FY2026 | 6 |
SBA 7(a) · charge-off rate by approval year
KeyBank National Association: below all franchise loans in 24 of 31 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (recent years: too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 19 | 5 | 26.3% |
| 1993 | 22 | 1 | 4.5% |
| 1994 | 27 | 5 | 18.5% |
| 1995 | 52 | 6 | 11.5% |
| 1996 | 41 | 3 | 7.3% |
| 1997 | 45 | 4 | 8.9% |
| 1998 | 25 | 5 | 20.0% |
| 1999 | 26 | 2 | 7.7% |
| 2000 | 36 | 5 | 13.9% |
| 2001 | 33 | 2 | 6.1% |
| 2002 | 34 | 4 | 11.8% |
| 2003 | 51 | 12 | 23.5% |
| 2004 | 71 | 12 | 16.9% |
| 2005 | 76 | 20 | 26.3% |
| 2006 | 22 | 5 | 22.7% |
| 2007 | 17 | 5 | 29.4% |
| 2008 | 30 | 5 | 16.7% |
| 2009 | 14 | 2 | 14.3% |
| 2010 | 41 | 1 | 2.4% |
| 2011 | 31 | 2 | 6.5% |
| 2012 | 16 | 2 | 12.5% |
| 2013 | 35 | 2 | 5.7% |
| 2014 | 36 | 1 | 2.8% |
| 2015 | 37 | 6 | 16.2% |
| 2016 | 34 | 2 | 5.9% |
| 2017 | 48 | 4 | 8.3% |
| 2018 | 38 | 3 | 7.9% |
| 2019 | 43 | 2 | 4.7% |
| 2020 | 33 | 0 | 0.0% |
| 2021 | 44 | 0 | 0.0% |
| 2022 | 18 | 0 | 0.0% |
| 2023 | 4 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
2959.7% (good)
23614.6% (average)
21412.2% (average)
11113.6% (average)
10112.8% (average)
747.7% (good)
725.0% (good)
6616.3% (elevated)
376.2% (good)
377.7% (good)
Portfolio summary
Total funded$600.1M
Charged off128 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. KeyBank National Association's rate of 11.7% is below the national rate.
- 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.