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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
- Default 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% |
| Quiznos | 62 | $9.9M | 27.4% |
| Anytime Fitness | 41 | $20.1M | 0.0% |
| Marco's Pizza | 35 | $15.0M | 0.0% |
| Urban Air Adventure Park | 30 | $71.6M | 0.0% |
| D-Bat | 28 | $23.6M | 0.0% |
| Cold Stone Creamery, Inc. | 24 | $4.8M | 20.8% |
| Mail Boxes Etc. Usa | 18 | $1.8M | 11.1% |
| Dairy Queen | 16 | $5.5M | 0.0% |
| Uptown Cheapskate | 16 | $7.0M | 0.0% |
| Blimpie | 14 | $1.4M | 21.4% |
| Fastsigns | 13 | $2.0M | 0.0% |
| Hotworx | 13 | $4.8M | — |
| Massage Envy | 12 | $7.5M | 0.0% |
| Subway | 12 | $2.7M | 20.0% |
| The UPS Store (f/k/a Mail Box | 12 | $3.4M | 0.0% |
| Camp Bow Wow | 12 | $14.3M | 0.0% |
| Zeek's Pizza | 10 | $6.5M | 0.0% |
| Play It Again Sports (retail S | 9 | $903K | 0.0% |
| Quizno's Subs | 9 | $1.1M | 33.3% |
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 default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
2959.7%
23614.6%
21412.2%
11113.6%
10112.8%
747.7%
725.0%
6616.3%
376.2%
377.7%
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
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%).