LB
SBA 7(a) franchise lending portfolio
Legence Bank
Risk rating: Excellent
- Total loans
- 54
- Loan volume
- $93.6M
- Avg loan size
- $1.7M
- Charge-off rate
- 0.0%
- vs 16.0% national
Charged off
0
Avg interest
5.65%
Franchises funded
36
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Sport Clips | 8 | $4.2M | N/A |
| Days Inn | 3 | $5.3M | N/A |
| Americas Best Value Inn (f/K/A | 3 | $6.4M | N/A |
| Pet Supplies Plus | 3 | $3.6M | N/A |
| Scooter's Coffee | 3 | $1.6M | N/A |
| Dairy Queen | 2 | $400K | N/A |
| Little Caesar Pizza | 2 | $230K | N/A |
| La Quinta Inn | 2 | $7.5M | N/A |
| Studio 6 | 2 | $3.2M | N/A |
| Subway Sandwich Shop | 2 | $185K | N/A |
| Sleep Inn/Sleep Inn & Suites | 2 | $3.3M | N/A |
| Baymont Inn & Suites | 1 | $3.4M | N/A |
| Comfort/ Comfort Inn & Suites/ | 1 | $2.5M | N/A |
| Super 8 | 1 | $1.4M | N/A |
| Holiday Inn Express | 1 | $5.0M | N/A |
| RODEWAY INN | 1 | $950K | N/A |
| Hampton Inns | 1 | $5.0M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2003 | 1 |
| FY2004 | 2 |
| FY2012 | 2 |
| FY2013 | 2 |
| FY2014 | 2 |
| FY2015 | 5 |
| FY2016 | 9 |
| FY2017 | 13 |
| FY2018 | 2 |
| FY2019 | 2 |
| FY2021 | 7 |
| FY2022 | 3 |
| FY2023 | 3 |
| FY2025 | 1 |
SBA 7(a) · charge-off rate by approval year
Legence Bank charge-off rate by loan vintage
Only 1 of these 4 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2015 | 5 | 0 | Too few |
| 2016 | 8 | 0 | Too few |
| 2017 | 12 | 0 | 0.0% |
| 2021 | 7 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 Legence Bank originated?
- 54 loans totaling $93.6M. The portfolio carries a 0.0% charge-off rate, earning a “Excellent” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Legence Bank's rate of 0.0% is below the national rate.
- 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 Legence Bank fund the most?
- The “Top franchise exposures” table above lists the brands Legence 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.