![Lake Elmo Bank logo](https://cdn.brandfetch.io/lakeelmobank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Lake Elmo Bank
CRITICAL risk
- Total loans
- 11
- Loan volume
- $2.4M
- Avg loan size
- $215K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
2
Avg interest
6.21%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Celebrity Kids Portrait Studio | 2 | $300K | 100.0% |
| Great Harvest Bread Co. | 2 | $220K | 0.0% |
| Healthsource Chiropractic | 2 | $108K | 0.0% |
| Hobbytown Usa | 1 | $125K | 0.0% |
| Anytime Fitness | 1 | $598K | 0.0% |
| Automotive Technologies | 1 | $100K | 0.0% |
| Restore Hyper Wellness | 1 | $800K | — |
| Greasebusters | 1 | $117K | 0.0% |
Lending volume by year
1'94
1'05
1'06
2'10
1'12
2'16
1'19
1'21
1'23
Geographic exposure
1120.0%
Portfolio summary
Total funded$2.4M
Defaults2 of 11
Risk tierCRITICAL
Avg rate6.21%
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%).