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SBA 7(a) franchise lending portfolio
Luminate Bank
GOOD risk
- Total loans
- 82
- Loan volume
- $53.9M
- Avg loan size
- $658K
- Default rate
- 5.9%
- vs 15.4% national avg
Defaults
1
Avg interest
6.09%
Franchises funded
21
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dickey's Barbecue Pit | 24 | $12.3M | 33.3% |
| Scooter's Coffee | 15 | $16.3M | 0.0% |
| Prose | 9 | $3.1M | 0.0% |
| PJ's Coffee of New Orleans | 5 | $2.0M | — |
| Zoom Room | 3 | $1.5M | — |
| Crave Hot Dogs and BBQ | 3 | $1.7M | — |
| Fit Body Boot Camp | 3 | $368K | — |
| Buzzed Bull Creamery | 2 | $870K | — |
| Teriyaki Madness | 2 | $1.0M | 0.0% |
| Firehouse Subs | 2 | $775K | 0.0% |
| Jiffy Lube | 2 | $3.6M | 0.0% |
| Tropical Smoothie Cafe | 2 | $494K | 0.0% |
| 7 Brew | 2 | $2.8M | — |
| Ziggi's Coffee | 1 | $1.0M | 0.0% |
| Dogtopia | 1 | $360K | — |
| Rossi's Pizza | 1 | $375K | 0.0% |
| Poki Bowl | 1 | $294K | — |
| I Heart Mac & Cheese | 1 | $640K | — |
| Jimboy'sTacos | 1 | $1.1M | — |
| Goldfish Swim School | 1 | $2.7M | — |
Lending volume by year
1'20
19'21
59'22
3'23
Geographic exposure
130.0%
100.0%
100.0%
50.0%
5—
30.0%
30.0%
20.0%
Portfolio summary
Total funded$53.9M
Defaults1 of 82
Risk tierGOOD
Avg rate6.09%
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%).