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SBA 7(a) franchise lending portfolio
MainStreet Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $2.9M
- Avg loan size
- $244K
- Default rate
- 41.7%
- vs 15.4% national avg
Defaults
5
Avg interest
5.81%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Clix | 3 | $812K | 100.0% |
| Quiznos | 2 | $395K | 100.0% |
| Goddard Early Learning Center | 2 | $500K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $300K | 0.0% |
| Pure Barre | 1 | $90K | 0.0% |
| Great Harvest Bread Co. | 1 | $520K | 0.0% |
| Code Ninjas | 1 | $239K | 0.0% |
| Gotcha Covered | 1 | $73K | 0.0% |
Lending volume by year
4'06
3'07
1'09
1'10
1'16
1'21
1'22
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%).