LE
SBA 7(a) franchise lending portfolio
Lake Elmo Bank
CRITICAL risk
- Total loans
- 11
- Loan volume
- $2.4M
- Avg loan size
- $215K
- Charge-off 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% (very high risk) |
| Great Harvest Bread Co. | 2 | $220K | 0.0% (low risk) |
| Healthsource Chiropractic | 2 | $108K | 0.0% (low risk) |
| Hobbytown Usa | 1 | $125K | 0.0% (low risk) |
| Anytime Fitness | 1 | $598K | 0.0% (low risk) |
| Automotive Technologies | 1 | $100K | 0.0% (low risk) |
| Restore Hyper Wellness | 1 | $800K | N/A |
| Greasebusters | 1 | $117K | 0.0% (low risk) |
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% (very high risk)
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
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 Elmo Bank originated?
- 11 loans totaling $2.4M. The portfolio carries a 20.0% charge-off rate, earning a “CRITICAL” 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 Elmo Bank fund the most?
- The “Top franchise exposures” table above lists the brands Lake Elmo 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.