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SBA 7(a) franchise lending portfolio
Legacy Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $4.0M
- Avg loan size
- $333K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
2
Avg interest
6.25%
Franchises funded
11
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Meineke Car Care | 2 | $526K | 100.0% |
| 1-800-Radiator | 1 | $327K | 0.0% |
| Martens Rentals | 1 | $109K | 0.0% |
| Golden Corral (restaurant) | 1 | $150K | 0.0% |
| Anytime Fitness | 1 | $140K | 0.0% |
| Charley's Grilled Subs | 1 | $172K | 0.0% |
| Little Ceasar's Pizza | 1 | $246K | 0.0% |
| Golden Corral | 1 | $1.8M | — |
| Holiday Inn Express/Holiday In | 1 | $273K | 0.0% |
| Frios Gourmet Pops | 1 | $145K | — |
| Candlewood Suites | 1 | $147K | 0.0% |
Lending volume by year
2'04
2'08
1'09
1'10
2'12
3'20
1'23
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%).