KB
SBA 7(a) franchise lending portfolio
Kitsap Bank
EXCELLENT risk
- Total loans
- 42
- Loan volume
- $13.9M
- Avg loan size
- $332K
- Charge-off 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% (low risk) |
| Subway | 4 | $841K | 33.3% (very high risk) |
| Quiznos | 3 | $450K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $228K | 0.0% (low risk) |
| Line-X | 2 | $935K | 0.0% (low risk) |
| Roosters Men's Grooming Center | 2 | $302K | 0.0% (low risk) |
| The Original Pancake House | 2 | $1.1M | 0.0% (low risk) |
| Tcby | 1 | $115K | N/A |
| Taylor Rental Center | 1 | $72K | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 1 | $50K | 0.0% (low risk) |
| Val Pak | 1 | $74K | 0.0% (low risk) |
| Coast-To-Coast Store | 1 | $400K | 0.0% (low risk) |
| Petsmart | 1 | $264K | 0.0% (low risk) |
| AAMCO Transmissions | 1 | $230K | 0.0% (low risk) |
| Baskin-Robbins 31 Ice Cream | 1 | $25K | 0.0% (low risk) |
| Wild Bird Centers Of America, | 1 | $65K | 0.0% (low risk) |
| Grease Monkey | 1 | $848K | 0.0% (low risk) |
| Domino's Pizza | 1 | $120K | 0.0% (low risk) |
| Taco Del Mar | 1 | $166K | 0.0% (low risk) |
| The Original Pancake House | 1 | $445K | N/A |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
413.1% (low risk)
10.0% (low risk)
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
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 Kitsap Bank originated?
- 42 loans totaling $13.9M. The portfolio carries a 3.0% charge-off rate, earning a “EXCELLENT” 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 Kitsap Bank fund the most?
- The “Top franchise exposures” table above lists the brands Kitsap Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.