LO
SBA 7(a) franchise lending portfolio
Live Oak Banking Company
Risk rating: Excellent
- Total loans
- 1,972
- Loan volume
- $2.4B
- Avg loan size
- $1.2M
- Charge-off rate
- 2.3%
- vs 16.0% national
Charged off
16
Avg interest
7.00%
Franchises funded
305
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Ameriprise Financial | 255 | $175.0M | 0.0% (excellent) |
| Anytime Fitness | 90 | $75.3M | 10.6% (average) |
| Home Instead/Home Instead Seni | 66 | $65.6M | 0.0% (excellent) |
| Ace Hardware | 65 | $81.4M | N/A |
| Units | 49 | $59.9M | N/A |
| Primrose Schools | 44 | $130.3M | N/A |
| Servpro | 44 | $35.3M | 7.7% (good) |
| Dogtopia | 39 | $34.5M | 5.6% (good) |
| Grease Monkey | 36 | $28.9M | N/A |
| The Goddard School | 36 | $118.6M | N/A |
| Big O Tires | 36 | $51.7M | 0.0% (excellent) |
| Tropical Smoothie Cafe | 34 | $23.1M | N/A |
| BrightStar Care | 33 | $31.3M | N/A |
| Jersey Mike's | 30 | $14.9M | 0.0% (excellent) |
| Midas | 29 | $28.2M | N/A |
| Kiddie Academy | 27 | $69.8M | N/A |
| Strickland Brothers 10 Minute | 27 | $17.9M | 0.0% (excellent) |
| Right at Home | 26 | $16.8M | N/A |
| Paul Davis Restoration | 24 | $9.6M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2012 | 2 |
| FY2013 | 18 |
| FY2014 | 34 |
| FY2015 | 68 |
| FY2016 | 80 |
| FY2017 | 60 |
| FY2018 | 82 |
| FY2019 | 193 |
| FY2020 | 224 |
| FY2021 | 341 |
| FY2022 | 251 |
| FY2023 | 217 |
| FY2025 | 308 |
| FY2026 | 94 |
SBA 7(a) · charge-off rate by approval year
Live Oak Banking Company: below all franchise loans in each of the 11 years
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2013 | 18 | 0 | 0.0% |
| 2014 | 34 | 0 | 0.0% |
| 2015 | 65 | 0 | 0.0% |
| 2016 | 72 | 1 | 1.4% |
| 2017 | 43 | 1 | 2.3% |
| 2018 | 50 | 0 | 0.0% |
| 2019 | 104 | 8 | 7.7% |
| 2020 | 103 | 3 | 2.9% |
| 2021 | 119 | 2 | 1.7% |
| 2022 | 51 | 1 | 2.0% |
| 2023 | 31 | 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
2174.5% (excellent)
2155.6% (good)
1360.0% (excellent)
1190.0% (excellent)
853.1% (excellent)
810.0% (excellent)
800.0% (excellent)
743.6% (excellent)
725.6% (good)
704.0% (excellent)
Portfolio summary
Total funded$2.4B
Charged off16 of 1,972
Risk tierExcellent
Avg rate7.00%
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 Live Oak Banking Company originated?
- 1,972 loans totaling $2351.6M. The portfolio carries a 2.3% charge-off rate, earning a “Excellent” 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. Live Oak Banking Company's rate of 2.3% is below 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 Live Oak Banking Company fund the most?
- The “Top franchise exposures” table above lists the brands Live Oak Banking Company has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.