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SBA 7(a) franchise lending portfolio
New York Business Development Corporation
CRITICAL risk
- Total loans
- 67
- Loan volume
- $33.3M
- Avg loan size
- $496K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
10
Avg interest
6.63%
Franchises funded
52
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 6 | $740K | 0.0% |
| Quiznos | 3 | $530K | 33.3% |
| Retro Fitness | 3 | $2.2M | 33.3% |
| Five Guys Famous Burgers And F | 2 | $683K | 0.0% |
| Bombers Burrito Bar | 2 | $1.8M | 50.0% |
| Little Ceasar's Pizza | 2 | $420K | 0.0% |
| Orange Theory Fitness | 2 | $850K | 0.0% |
| Burger King | 2 | $1.5M | — |
| Jersey Mike's | 2 | $690K | — |
| Knights Inn | 1 | $1.2M | 0.0% |
| Nice N Easy Grocery Shoppes | 1 | $124K | 0.0% |
| Ramada Inn | 1 | $1.0M | 100.0% |
| Johnny Rockets | 1 | $250K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $122K | — |
| Western Auto Store | 1 | $581K | 100.0% |
| Cold Stone Creamery, Inc. | 1 | $542K | — |
| Quality Inn | 1 | $200K | 0.0% |
| Save - A - Lot | 1 | $310K | 0.0% |
| Snap Fitness | 1 | $260K | 0.0% |
| Big M Supermarkets | 1 | $271K | 0.0% |
Lending volume by year
1'98
2
1
3
3
5'05
1
1
3
6
5'10
3
3
1
8
6'15
1
2
2
3
2'21
1
2
1
1'25
New York Business Development Corporation default rate by loan vintage
BrandNational avg
Geographic exposure
6720.0%
Portfolio summary
Total funded$33.3M
Defaults10 of 67
Risk tierCRITICAL
Avg rate6.63%
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%).