![National Cooperative Bank, National Association logo](https://cdn.brandfetch.io/nationalcooperativebank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
National Cooperative Bank, National Association
CRITICAL risk
- Total loans
- 133
- Loan volume
- $72.6M
- Avg loan size
- $546K
- Default rate
- 21.7%
- vs 15.4% national avg
Defaults
26
Avg interest
5.62%
Franchises funded
32
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ace Hardware | 26 | $17.8M | 25.0% |
| Ace Hardware | 18 | $20.7M | 0.0% |
| Qdoba Mexican Grill | 16 | $7.3M | 0.0% |
| Dunkin Donuts | 9 | $4.4M | 22.2% |
| True Value Hardware | 9 | $5.6M | 0.0% |
| Cottman Transmission | 8 | $1.2M | 50.0% |
| Baskin-Robbins 31 Ice Cream | 4 | $575K | 0.0% |
| Subway Sandwich Shop | 4 | $532K | 0.0% |
| Atlanta Bread Company | 4 | $2.1M | 100.0% |
| Papa Murphy's Take & Bake Pizz | 4 | $1.2M | 50.0% |
| Moe's Sw Grill | 3 | $1.2M | 33.3% |
| Quiznos | 3 | $405K | 0.0% |
| Hamburger Mary's Organic Grill | 2 | $1.2M | 0.0% |
| Steak Escape | 2 | $425K | 100.0% |
| Frozen Ropes Northshore | 2 | $560K | 100.0% |
| Medicap Pharmacy | 2 | $263K | 0.0% |
| Howard Johnson | 2 | $2.4M | 50.0% |
| Nice N Easy Grocery Shoppes | 1 | $800K | 0.0% |
| Foot Solutions | 1 | $105K | 0.0% |
| Fleet Feet | 1 | $675K | 0.0% |
Lending volume by year
9'01
21'02
14'03
2'04
9'06
11'07
18'08
4'09
11'10
4'11
3'12
3'13
1'14
3'15
2'16
4'19
5'20
6'21
1'22
2'23
National Cooperative Bank, National Association default rate by loan vintage
BrandNational avg
Geographic exposure
1433.3%
1225.0%
100.0%
955.6%
944.4%
925.0%
70.0%
714.3%
60.0%
60.0%
Portfolio summary
Total funded$72.6M
Defaults26 of 133
Risk tierCRITICAL
Avg rate5.62%
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%).