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SBA 7(a) franchise lending portfolio
Landmark National Bank
AVERAGE risk
- Total loans
- 41
- Loan volume
- $14.8M
- Avg loan size
- $361K
- Default rate
- 13.3%
- vs 15.4% national avg
Defaults
4
Avg interest
6.32%
Franchises funded
30
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Great Clips | 7 | $791K | 0.0% |
| Cottage Care | 3 | $205K | 50.0% |
| The Pita Pit | 2 | $372K | 100.0% |
| Merle Norman Cosmetics | 2 | $141K | 0.0% |
| World Fuel Services - Wholesal | 2 | $2.6M | — |
| Candleman | 1 | $58K | 0.0% |
| AAMCO Transmissions | 1 | $95K | 0.0% |
| Maggiemoo's (ice Cream) | 1 | $150K | 0.0% |
| Relax The Back Store | 1 | $50K | 0.0% |
| Business Cards Tomorrow | 1 | $280K | 0.0% |
| Baskin-Robbins 31 Ice Cream | 1 | $150K | 0.0% |
| Beauty Warehouse | 1 | $78K | 0.0% |
| Culver's Frozen Custard | 1 | $143K | 0.0% |
| Sears Catalog Store | 1 | $150K | 0.0% |
| Pita Pit | 1 | $271K | 100.0% |
| Bevintel (f/K/A Bevinco) | 1 | $85K | 0.0% |
| Jimmy John's | 1 | $380K | 0.0% |
| Firehouse Subs | 1 | $145K | 0.0% |
| Freddy's Frozen Custard | 1 | $416K | 0.0% |
| Kumon | 1 | $315K | 0.0% |
Lending volume by year
2'93
3
2
2
1
1'00
2
1
1
2
1'06
1
1
1
3
1'12
2
1
3
3
4'22
1
2'24
Geographic exposure
Portfolio summary
Total funded$14.8M
Defaults4 of 41
Risk tierAVERAGE
Avg rate6.32%
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%).