LB
SBA 7(a) franchise lending portfolio
LendingClub Bank, National Association
ELEVATED risk
- Total loans
- 339
- Loan volume
- $283.0M
- Avg loan size
- $835K
- Charge-off 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% (low risk) |
| Orange Theory Fitness | 25 | $19.0M | 5.0% (moderate risk) |
| Massage Envy | 15 | $15.3M | 14.3% (elevated risk) |
| Fantastic Sams | 12 | $2.7M | 81.8% (very high risk) |
| Ilovekickboxing.com | 8 | $2.3M | 50.0% (very high risk) |
| Hotworx | 8 | $3.2M | 0.0% (low risk) |
| Big Blue Swim School | 7 | $12.2M | 0.0% (low risk) |
| Lightbridge Academy | 6 | $9.5M | 0.0% (low risk) |
| American Family Care/AFC Urgen | 6 | $4.6M | 0.0% (low risk) |
| Camp Bow Wow | 6 | $6.3M | 0.0% (low risk) |
| Kilwins Chocolates and Ice Cre | 6 | $4.2M | 0.0% (low risk) |
| Urban Air Adventure Park | 6 | $21.7M | 0.0% (low risk) |
| Jimmy John's | 6 | $2.5M | 0.0% (low risk) |
| Launch Trampoline Park | 5 | $8.9M | 25.0% (very high risk) |
| Amazing Lash Studio | 5 | $2.1M | 40.0% (very high risk) |
| Which Wich | 5 | $1.3M | 40.0% (very high risk) |
| Dental Fix Rx | 5 | $713K | 0.0% (low risk) |
| Fantastic Sams | 5 | $1.2M | 40.0% (very high risk) |
| Domino's | 5 | $2.8M | 0.0% (low risk) |
| Bright Star Healthcare/Brights | 4 | $646K | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
4739.1% (very high risk)
2722.2% (very high risk)
2525.0% (very high risk)
228.3% (moderate risk)
1814.3% (elevated risk)
1721.4% (very high risk)
168.3% (moderate risk)
1510.0% (elevated risk)
120.0% (low risk)
1125.0% (very high risk)
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
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 LendingClub Bank, National Association originated?
- 339 loans totaling $283.0M. The portfolio carries a 18.9% charge-off rate, earning a “ELEVATED” 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 LendingClub Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands LendingClub Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.