LB
SBA 7(a) franchise lending portfolio
LegacyTexas Bank
CRITICAL risk
- Total loans
- 26
- Loan volume
- $5.4M
- Avg loan size
- $209K
- Charge-off rate
- 23.1%
- vs 15.4% national avg
Defaults
6
Avg interest
5.92%
Franchises funded
22
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 3 | $360K | 0.0% (low risk) |
| Cici's Pizza | 2 | $1.1M | 0.0% (low risk) |
| Snap-On-Tools | 2 | $525K | 0.0% (low risk) |
| Molly Maid | 1 | $50K | 0.0% (low risk) |
| Learning Express | 1 | $95K | 0.0% (low risk) |
| Alphagraphics, Printshops Of T | 1 | $300K | 100.0% (very high risk) |
| Tcby | 1 | $80K | 0.0% (low risk) |
| Smoothie King (health Food Sto | 1 | $89K | 0.0% (low risk) |
| Mr. Gatti's | 1 | $310K | 0.0% (low risk) |
| Smoothie Factory | 1 | $49K | 0.0% (low risk) |
| Floor Covering International | 1 | $25K | 100.0% (very high risk) |
| Pakmail Centers Of America | 1 | $66K | 0.0% (low risk) |
| Nationwide General Rental | 1 | $73K | 0.0% (low risk) |
| Hallmark Card Shop | 1 | $140K | 100.0% (very high risk) |
| Valvoline Instant Oil Change | 1 | $480K | 0.0% (low risk) |
| Mr. Goodcents Sub' And Pasta | 1 | $100K | 100.0% (very high risk) |
| Blimpie | 1 | $25K | 0.0% (low risk) |
| Papa Murphy's Take & Bake Pizz | 1 | $257K | 0.0% (low risk) |
| Parcel Plus | 1 | $70K | 0.0% (low risk) |
| Mr. Jim's Pizza | 1 | $150K | 100.0% (very high risk) |
Lending volume by year
1'93
3'94
2'95
2'96
5'97
4'98
1'99
3'00
1'01
1'04
1'09
1'10
1'12
LegacyTexas Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
2623.1% (very high risk)
Portfolio summary
Total funded$5.4M
Defaults6 of 26
Risk tierCRITICAL
Avg rate5.92%
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 LegacyTexas Bank originated?
- 26 loans totaling $5.4M. The portfolio carries a 23.1% 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 LegacyTexas Bank fund the most?
- The “Top franchise exposures” table above lists the brands LegacyTexas 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.