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SBA 7(a) franchise lending portfolio
Kitsap Bank
EXCELLENT risk
- Total loans
- 42
- Loan volume
- $13.9M
- Avg loan size
- $332K
- Default rate
- 3.0%
- vs 15.4% national avg
Defaults
1
Avg interest
6.12%
Franchises funded
30
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Midas Muffler Shop | 4 | $914K | 0.0% |
| Subway | 4 | $841K | 33.3% |
| Quiznos | 3 | $450K | 0.0% |
| Subway Sandwich Shop | 2 | $228K | 0.0% |
| Line-X | 2 | $935K | 0.0% |
| Roosters Men's Grooming Center | 2 | $302K | 0.0% |
| The Original Pancake House | 2 | $1.1M | 0.0% |
| Tcby | 1 | $115K | — |
| Taylor Rental Center | 1 | $72K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $50K | 0.0% |
| Val Pak | 1 | $74K | 0.0% |
| Coast-To-Coast Store | 1 | $400K | 0.0% |
| Petsmart | 1 | $264K | 0.0% |
| AAMCO Transmissions | 1 | $230K | 0.0% |
| Baskin-Robbins 31 Ice Cream | 1 | $25K | 0.0% |
| Wild Bird Centers Of America, | 1 | $65K | 0.0% |
| Grease Monkey | 1 | $848K | 0.0% |
| Domino's Pizza | 1 | $120K | 0.0% |
| Taco Del Mar | 1 | $166K | 0.0% |
| The Original Pancake House | 1 | $445K | — |
Lending volume by year
1'95
5'96
1'97
2'98
1'00
1'01
2'03
3'04
2'05
2'06
1'07
1'08
3'15
5'16
4'17
4'18
1'19
2'21
1'22
Kitsap Bank default rate by loan vintage
BrandNational avg
Geographic exposure
413.1%
10.0%
Portfolio summary
Total funded$13.9M
Defaults1 of 42
Risk tierEXCELLENT
Avg rate6.12%
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%).