LR
SBA 7(a) franchise lending portfolio
Lake Ridge Bank
CRITICAL risk
- Total loans
- 42
- Loan volume
- $9.6M
- Avg loan size
- $229K
- Charge-off rate
- 29.4%
- vs 15.4% national avg
Defaults
10
Avg interest
5.95%
Franchises funded
28
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Milio's Sandwiches | 7 | $901K | 28.6% (very high risk) |
| Cousins Submarines (restaurant | 2 | $274K | 50.0% (very high risk) |
| Fitness For Life Franchise Cor | 2 | $125K | 100.0% (very high risk) |
| Pizza Extreme | 2 | $97K | 50.0% (very high risk) |
| Subway Sandwich Shop | 2 | $408K | 0.0% (low risk) |
| Ameriprise Financial Services | 2 | $144K | 0.0% (low risk) |
| Just Between Friends | 2 | $70K | 0.0% (low risk) |
| The UPS Store (f/k/a Mail Box | 2 | $588K | N/A |
| Footprint Floors | 2 | $80K | 0.0% (low risk) |
| Days Inn | 1 | $1.4M | 100.0% (very high risk) |
| Takeout Taxi | 1 | $70K | 0.0% (low risk) |
| Snap Fitness | 1 | $279K | 0.0% (low risk) |
| Touch Of Elements | 1 | $50K | 100.0% (very high risk) |
| Sears Carpet & Upholstery Care | 1 | $10K | 0.0% (low risk) |
| Fitness Together | 1 | $150K | 100.0% (very high risk) |
| Taco John's | 1 | $150K | 0.0% (low risk) |
| Wsi Ice Business | 1 | $15K | 0.0% (low risk) |
| Hardware Hank | 1 | $535K | 0.0% (low risk) |
| The UPS Store | 1 | $350K | 0.0% (low risk) |
| Temporary Franchises | 1 | $20K | 0.0% (low risk) |
Lending volume by year
1'95
1
1
1
1
6'06
2
3
7
2
1'11
1
1
1
1
3'19
2
1
3
1
2'26
Lake Ridge Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
4229.4% (very high risk)
Portfolio summary
Total funded$9.6M
Defaults10 of 42
Risk tierCRITICAL
Avg rate5.95%
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 Ridge Bank originated?
- 42 loans totaling $9.6M. The portfolio carries a 29.4% 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 Ridge Bank fund the most?
- The “Top franchise exposures” table above lists the brands Lake Ridge 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.