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SBA 7(a) franchise lending portfolio
Locus Bank Inc
EXCELLENT risk
- Total loans
- 11
- Loan volume
- $2.6M
- Avg loan size
- $232K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.82%
Franchises funded
9
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Anytime Fitness | 2 | $184K | 0.0% |
| Meineke Car Care Center | 2 | $590K | 0.0% |
| Pupatella | 1 | $298K | — |
| Huddle House | 1 | $271K | 0.0% |
| Sub Zero Ice Cream | 1 | $149K | 0.0% |
| Garageexperts.com/Garage Exper | 1 | $65K | 0.0% |
| Duck Donuts | 1 | $541K | — |
| sweetFrog | 1 | $148K | 0.0% |
| Anytime Fitness | 1 | $310K | — |
Lending volume by year
1'16
4'17
1'18
5'19
Geographic exposure
110.0%
Portfolio summary
Total funded$2.6M
Defaults0 of 11
Risk tierEXCELLENT
Avg rate6.82%
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%).