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SBA 7(a) franchise lending portfolio
LendingClub Bank, National Association
ELEVATED risk
- Total loans
- 339
- Loan volume
- $283.0M
- Avg loan size
- $835K
- Default rate
- 18.9%
- vs 15.4% national avg
Defaults
38
Avg interest
6.71%
Franchises funded
140
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Restore Hyper Wellness | 27 | $20.8M | 0.0% |
| Orange Theory Fitness | 25 | $19.0M | 5.0% |
| Massage Envy | 15 | $15.3M | 14.3% |
| Fantastic Sams | 12 | $2.7M | 81.8% |
| Ilovekickboxing.com | 8 | $2.3M | 50.0% |
| Hotworx | 8 | $3.2M | 0.0% |
| Big Blue Swim School | 7 | $12.2M | 0.0% |
| Lightbridge Academy | 6 | $9.5M | 0.0% |
| American Family Care/AFC Urgen | 6 | $4.6M | 0.0% |
| Camp Bow Wow | 6 | $6.3M | 0.0% |
| Kilwins Chocolates and Ice Cre | 6 | $4.2M | 0.0% |
| Urban Air Adventure Park | 6 | $21.7M | 0.0% |
| Jimmy John's | 6 | $2.5M | 0.0% |
| Launch Trampoline Park | 5 | $8.9M | 25.0% |
| Amazing Lash Studio | 5 | $2.1M | 40.0% |
| Which Wich | 5 | $1.3M | 40.0% |
| Dental Fix Rx | 5 | $713K | 0.0% |
| Fantastic Sams | 5 | $1.2M | 40.0% |
| Domino's | 5 | $2.8M | 0.0% |
| Bright Star Healthcare/Brights | 4 | $646K | 0.0% |
Lending volume by year
1'02
1'03
1'09
2'13
6'14
3'15
28'16
84'17
51'18
21'19
19'20
51'21
38'22
17'23
6'24
6'25
4'26
LendingClub Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
4739.1%
2722.2%
2525.0%
228.3%
1814.3%
1721.4%
168.3%
1510.0%
120.0%
1125.0%
Portfolio summary
Total funded$283.0M
Defaults38 of 339
Risk tierELEVATED
Avg rate6.71%
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%).