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SBA 7(a) franchise lending portfolio
Live Oak Banking Company
EXCELLENT risk
- Total loans
- 1,972
- Loan volume
- $2.4B
- Avg loan size
- $1.2M
- Default rate
- 2.3%
- vs 15.4% national avg
Defaults
16
Avg interest
7.00%
Franchises funded
305
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ameriprise Financial | 197 | $105.3M | 0.0% |
| Anytime Fitness | 90 | $75.3M | 10.6% |
| Home Instead/Home Instead Seni | 66 | $65.6M | 0.0% |
| Ace Hardware | 65 | $81.4M | 0.0% |
| Ameriprise Financial | 58 | $69.7M | 0.0% |
| Units | 49 | $59.9M | 0.0% |
| Primrose Schools | 44 | $130.3M | 0.0% |
| Servpro | 44 | $35.3M | 7.7% |
| Dogtopia | 39 | $34.5M | 5.6% |
| Grease Monkey | 36 | $28.9M | 0.0% |
| The Goddard School | 36 | $118.6M | 0.0% |
| Big O Tires | 36 | $51.7M | 0.0% |
| Tropical Smoothie Cafe | 34 | $23.1M | 0.0% |
| BrightStar Care | 33 | $31.3M | 0.0% |
| Jersey Mike's | 30 | $14.9M | 0.0% |
| Midas | 29 | $28.2M | 0.0% |
| Kiddie Academy | 27 | $69.8M | 0.0% |
| Strickland Brothers 10 Minute | 27 | $17.9M | 0.0% |
| Right at Home | 26 | $16.8M | 0.0% |
| Paul Davis Restoration | 24 | $9.6M | 0.0% |
Lending volume by year
2'12
18'13
34'14
68'15
80'16
60'17
82'18
193'19
224'20
341'21
251'22
217'23
308'25
94'26
Live Oak Banking Company default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
2174.5%
2155.6%
1360.0%
1190.0%
853.1%
810.0%
800.0%
743.6%
725.6%
704.0%
Portfolio summary
Total funded$2.4B
Defaults16 of 1,972
Risk tierEXCELLENT
Avg rate7.00%
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%).