LB
SBA 7(a) franchise lending portfolio
Luminate Bank
GOOD risk
- Total loans
- 82
- Loan volume
- $53.9M
- Avg loan size
- $658K
- Charge-off 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% (very high risk) |
| Scooter's Coffee | 15 | $16.3M | 0.0% (low risk) |
| Prose | 9 | $3.1M | 0.0% (low risk) |
| 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 | 0.0% (low risk) |
| Firehouse Subs | 2 | $775K | 0.0% (low risk) |
| Jiffy Lube | 2 | $3.6M | 0.0% (low risk) |
| Tropical Smoothie Cafe | 2 | $494K | 0.0% (low risk) |
| 7 Brew | 2 | $2.8M | N/A |
| Ziggi's Coffee | 1 | $1.0M | 0.0% (low risk) |
| Dogtopia | 1 | $360K | N/A |
| Rossi's Pizza | 1 | $375K | 0.0% (low risk) |
| 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
1'20
19'21
59'22
3'23
Geographic exposure
130.0% (low risk)
100.0% (low risk)
100.0% (low risk)
50.0% (low risk)
5N/A
4N/A
30.0% (low risk)
30.0% (low risk)
3N/A
20.0% (low risk)
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
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). 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 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.