LB
SBA 7(a) franchise lending portfolio
Luminate Bank
Risk rating: Good
- Total loans
- 82
- Loan volume
- $53.9M
- Avg loan size
- $658K
- Charge-off rate
- 5.9%
- vs 16.0% national
Charged off
1
Avg interest
6.09%
Franchises funded
21
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Dickey's Barbecue Pit | 24 | $12.3M | N/A |
| Scooter's Coffee | 15 | $16.3M | N/A |
| Prose | 9 | $3.1M | N/A |
| PJ's Coffee of New Orleans | 5 | $2.0M | N/A |
| Zoom Room | 3 | $1.5M | N/A |
| Crave Hot Dogs and BBQ | 3 | $1.7M | N/A |
| Fit Body Boot Camp | 3 | $368K | N/A |
| Buzzed Bull Creamery | 2 | $870K | N/A |
| Teriyaki Madness | 2 | $1.0M | N/A |
| Firehouse Subs | 2 | $775K | N/A |
| Jiffy Lube | 2 | $3.6M | N/A |
| Tropical Smoothie Cafe | 2 | $494K | N/A |
| 7 Brew | 2 | $2.8M | N/A |
| Ziggi's Coffee | 1 | $1.0M | N/A |
| Dogtopia | 1 | $360K | N/A |
| Rossi's Pizza | 1 | $375K | N/A |
| Poki Bowl | 1 | $294K | N/A |
| I Heart Mac & Cheese | 1 | $640K | N/A |
| Jimboy'sTacos | 1 | $1.1M | N/A |
| Goldfish Swim School | 1 | $2.7M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2020 | 1 |
| FY2021 | 19 |
| FY2022 | 59 |
| FY2023 | 3 |
Geographic exposure
130.0% (excellent)
100.0% (excellent)
100.0% (excellent)
5N/A
5N/A
4N/A
3N/A
3N/A
3N/A
2N/A
Portfolio summary
Total funded$53.9M
Charged off1 of 82
Risk tierGood
Avg rate6.09%
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 Luminate Bank originated?
- 82 loans totaling $53.9M. The portfolio carries a 5.9% charge-off rate, earning a “Good” 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. Luminate Bank's rate of 5.9% 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 Luminate Bank fund the most?
- The “Top franchise exposures” table above lists the brands Luminate Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.