LB
SBA 7(a) franchise lending portfolio
LendingClub Bank, National Association
Risk rating: Elevated
- Total loans
- 339
- Loan volume
- $283.0M
- Avg loan size
- $835K
- Charge-off rate
- 18.9%
- vs 16.0% national
Charged off
38
Avg interest
6.71%
Franchises funded
140
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Restore Hyper Wellness | 27 | $20.8M | N/A |
| Orange Theory Fitness | 25 | $19.0M | 5.0% (good) |
| Fantastic Sams | 17 | $3.9M | 68.8% (high risk) |
| Massage Envy | 15 | $15.3M | 14.3% (average) |
| Ilovekickboxing.com | 8 | $2.3M | N/A |
| Hotworx | 8 | $3.2M | N/A |
| Big Blue Swim School | 7 | $12.2M | N/A |
| Lightbridge Academy | 6 | $9.5M | N/A |
| American Family Care/AFC Urgen | 6 | $4.6M | N/A |
| Camp Bow Wow | 6 | $6.3M | N/A |
| Kilwins Chocolates and Ice Cre | 6 | $4.2M | N/A |
| Urban Air Adventure Park | 6 | $21.7M | N/A |
| Jimmy John's | 6 | $2.5M | N/A |
| Launch Trampoline Park | 5 | $8.9M | N/A |
| Amazing Lash Studio | 5 | $2.1M | N/A |
| Which Wich | 5 | $1.3M | N/A |
| Dental Fix Rx | 5 | $713K | N/A |
| Domino's | 5 | $2.8M | N/A |
| Bright Star Healthcare/Brights | 4 | $646K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2002 | 1 |
| FY2003 | 1 |
| FY2009 | 1 |
| FY2013 | 2 |
| FY2014 | 6 |
| FY2015 | 3 |
| FY2016 | 28 |
| FY2017 | 84 |
| FY2018 | 51 |
| FY2019 | 21 |
| FY2020 | 19 |
| FY2021 | 51 |
| FY2022 | 38 |
| FY2023 | 17 |
| FY2024 | 6 |
| FY2025 | 6 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
LendingClub Bank, National Association: above all franchise loans in 4 of 7 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2014 | 6 | 0 | Too few |
| 2015 | 3 | 0 | Too few |
| 2016 | 22 | 5 | 22.7% |
| 2017 | 69 | 21 | 30.4% |
| 2018 | 40 | 9 | 22.5% |
| 2019 | 12 | 1 | 8.3% |
| 2020 | 12 | 1 | 8.3% |
| 2021 | 19 | 0 | 0.0% |
| 2022 | 10 | 0 | 0.0% |
Dashed line: all franchise 7(a) loans approved the same year.
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.
Geographic exposure
4739.1% (high risk)
2722.2% (high risk)
2525.0% (high risk)
228.3% (good)
1814.3% (average)
1721.4% (high risk)
168.3% (good)
1510.0% (average)
120.0% (excellent)
1125.0% (high risk)
Portfolio summary
Total funded$283.0M
Charged off38 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). 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. LendingClub Bank, National Association's rate of 18.9% is above 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 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.