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SBA 7(a) franchise lending portfolio
Monterey County Bank
AVERAGE risk
- Total loans
- 24
- Loan volume
- $6.3M
- Avg loan size
- $263K
- Default rate
- 13.6%
- vs 15.4% national avg
Defaults
3
Avg interest
6.67%
Franchises funded
20
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 5 | $1.6M | 0.0% |
| Subway Sandwich Shop | 1 | $90K | 100.0% |
| Armaquest International | 1 | $75K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $75K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 1 | $110K | 0.0% |
| Closet Factory (the) | 1 | $115K | 0.0% |
| Dairy Queen | 1 | $100K | 0.0% |
| Shapexpress | 1 | $250K | 100.0% |
| Sizzler Family Steakhouse | 1 | $290K | 0.0% |
| Bad Ass Coffee Company (the) | 1 | $220K | 0.0% |
| Sign-A-Rama | 1 | $138K | 100.0% |
| Erik's Delicafe | 1 | $270K | 0.0% |
| Massage Envy | 1 | $885K | 0.0% |
| Rapid Refill Ink | 1 | $150K | 0.0% |
| Yogurtland | 1 | $380K | 0.0% |
| Flip Flop Shops | 1 | $220K | 0.0% |
| Round Table Pizza | 1 | $150K | 0.0% |
| Edible Arrangements | 1 | $256K | 0.0% |
| Stretch Lab | 1 | $260K | — |
| Capriotti's Sandwich Shop | 1 | $665K | — |
Lending volume by year
2'94
1'98
3'99
1'00
1'01
2'03
1'04
2'05
1'07
1'09
1'10
1'12
2'13
2'14
1'16
1'23
1'26
Geographic exposure
2313.6%
1—
Portfolio summary
Total funded$6.3M
Defaults3 of 24
Risk tierAVERAGE
Avg rate6.67%
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%).