LC
SBA 7(a) franchise lending portfolio
Lake City Bank
EXCELLENT risk
- Total loans
- 25
- Loan volume
- $7.3M
- Avg loan size
- $292K
- Charge-off rate
- 4.8%
- vs 15.4% national avg
Defaults
1
Avg interest
5.92%
Franchises funded
14
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Anytime Fitness | 4 | $1.2M | 25.0% (very high risk) |
| Jimmy John's | 3 | $1.8M | 0.0% (low risk) |
| Wings Etc. | 2 | $457K | 0.0% (low risk) |
| Jimmy John's | 2 | $298K | 0.0% (low risk) |
| PIP Center Printing and Market | 2 | $130K | 0.0% (low risk) |
| Ben's Soft Pretzels | 2 | $160K | 0.0% (low risk) |
| Pure Barre | 2 | $385K | N/A |
| Polaris - Dealer Agreement | 2 | $365K | 0.0% (low risk) |
| Insty-Prints | 1 | $230K | 0.0% (low risk) |
| Ritter's Frozen Custard | 1 | $100K | 0.0% (low risk) |
| Clothes Mentor | 1 | $150K | 0.0% (low risk) |
| Days Inn | 1 | $957K | 0.0% (low risk) |
| Rainbow International | 1 | $200K | 0.0% (low risk) |
| Berkshire Hathaway HomeService | 1 | $877K | 0.0% (low risk) |
Lending volume by year
1'08
2'09
1'11
1'12
1'13
3'14
1'15
2'16
2'18
3'19
3'20
2'21
3'23
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 Lake City Bank originated?
- 25 loans totaling $7.3M. The portfolio carries a 4.8% 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 Lake City Bank fund the most?
- The “Top franchise exposures” table above lists the brands Lake City 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.