LB
SBA 7(a) franchise lending portfolio
Locus Bank Inc
EXCELLENT risk
- Total loans
- 11
- Loan volume
- $2.6M
- Avg loan size
- $232K
- Charge-off 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% (low risk) |
| Meineke Car Care Center | 2 | $590K | 0.0% (low risk) |
| Pupatella | 1 | $298K | N/A |
| Huddle House | 1 | $271K | 0.0% (low risk) |
| Sub Zero Ice Cream | 1 | $149K | 0.0% (low risk) |
| Garageexperts.com/Garage Exper | 1 | $65K | 0.0% (low risk) |
| Duck Donuts | 1 | $541K | N/A |
| sweetFrog | 1 | $148K | 0.0% (low risk) |
| Anytime Fitness | 1 | $310K | N/A |
Lending volume by year
1'16
4'17
1'18
5'19
Geographic exposure
110.0% (low risk)
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
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 Locus Bank Inc originated?
- 11 loans totaling $2.6M. The portfolio carries a 0.0% 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 Locus Bank Inc fund the most?
- The “Top franchise exposures” table above lists the brands Locus Bank Inc has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.