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SBA 7(a) franchise lending portfolio
Legends Bank
CRITICAL risk
- Total loans
- 11
- Loan volume
- $4.4M
- Avg loan size
- $404K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
2
Avg interest
5.72%
Franchises funded
10
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Gymboree Play & Music | 2 | $195K | 100.0% |
| Premier Rental Purchase | 1 | $440K | 0.0% |
| Radio Shack | 1 | $120K | 0.0% |
| Smoothie King (health Food Sto | 1 | $150K | 0.0% |
| Fedex | 1 | $40K | 0.0% |
| Red Roof Inn | 1 | $2.5M | 0.0% |
| Pure Barre | 1 | $260K | 0.0% |
| Dunkin Donuts/Baskin-Robbins C | 1 | $302K | 0.0% |
| Title Boxing Club | 1 | $75K | 0.0% |
| Nature's Pet/Earthwise Pet Sup | 1 | $350K | — |
Lending volume by year
1'04
1'07
1'11
1'12
1'13
3'15
1'16
2'18
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%).