LO
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
- Charge-off 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% (low risk) |
| Anytime Fitness | 90 | $75.3M | 10.6% (elevated risk) |
| Home Instead/Home Instead Seni | 66 | $65.6M | 0.0% (low risk) |
| Ace Hardware | 65 | $81.4M | 0.0% (low risk) |
| Ameriprise Financial | 58 | $69.7M | 0.0% (low risk) |
| Units | 49 | $59.9M | 0.0% (low risk) |
| Primrose Schools | 44 | $130.3M | 0.0% (low risk) |
| Servpro | 44 | $35.3M | 7.7% (moderate risk) |
| Dogtopia | 39 | $34.5M | 5.6% (moderate risk) |
| Grease Monkey | 36 | $28.9M | 0.0% (low risk) |
| The Goddard School | 36 | $118.6M | 0.0% (low risk) |
| Big O Tires | 36 | $51.7M | 0.0% (low risk) |
| Tropical Smoothie Cafe | 34 | $23.1M | 0.0% (low risk) |
| BrightStar Care | 33 | $31.3M | 0.0% (low risk) |
| Jersey Mike's | 30 | $14.9M | 0.0% (low risk) |
| Midas | 29 | $28.2M | 0.0% (low risk) |
| Kiddie Academy | 27 | $69.8M | 0.0% (low risk) |
| Strickland Brothers 10 Minute | 27 | $17.9M | 0.0% (low risk) |
| Right at Home | 26 | $16.8M | 0.0% (low risk) |
| Paul Davis Restoration | 24 | $9.6M | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
2174.5% (low risk)
2155.6% (moderate risk)
1360.0% (low risk)
1190.0% (low risk)
853.1% (low risk)
810.0% (low risk)
800.0% (low risk)
743.6% (low risk)
725.6% (moderate risk)
704.0% (low risk)
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
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). 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 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.