NY
SBA 7(a) franchise lending portfolio
New York Business Development Corporation
Risk rating: High Risk
- Total loans
- 67
- Loan volume
- $33.3M
- Avg loan size
- $496K
- Charge-off rate
- 20.0%
- vs 16.0% national
Charged off
10
Avg interest
6.63%
Franchises funded
52
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 6 | $740K | N/A |
| Quiznos | 3 | $530K | N/A |
| Retro Fitness | 3 | $2.2M | N/A |
| Five Guys Famous Burgers And F | 2 | $683K | N/A |
| Bombers Burrito Bar | 2 | $1.8M | N/A |
| Little Ceasar's Pizza | 2 | $420K | N/A |
| Orange Theory Fitness | 2 | $850K | N/A |
| Burger King | 2 | $1.5M | N/A |
| Jersey Mike's | 2 | $690K | N/A |
| Knights Inn | 1 | $1.2M | N/A |
| Nice N Easy Grocery Shoppes | 1 | $124K | N/A |
| Ramada Inn | 1 | $1.0M | N/A |
| Johnny Rockets | 1 | $250K | N/A |
| Mail Boxes Etc. Usa | 1 | $122K | N/A |
| Western Auto Store | 1 | $581K | N/A |
| Cold Stone Creamery, Inc. | 1 | $542K | N/A |
| Quality Inn | 1 | $200K | N/A |
| Save - A - Lot | 1 | $310K | N/A |
| Snap Fitness | 1 | $260K | N/A |
| Big M Supermarkets | 1 | $271K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1998 | 1 |
| FY1999 | 2 |
| FY2000 | 1 |
| FY2002 | 3 |
| FY2004 | 3 |
| FY2005 | 5 |
| FY2006 | 1 |
| FY2007 | 1 |
| FY2008 | 3 |
| FY2009 | 6 |
| FY2010 | 5 |
| FY2011 | 3 |
| FY2012 | 3 |
| FY2013 | 1 |
| FY2014 | 8 |
| FY2015 | 6 |
| FY2016 | 1 |
| FY2017 | 2 |
| FY2018 | 2 |
| FY2019 | 3 |
| FY2021 | 2 |
| FY2022 | 1 |
| FY2023 | 2 |
| FY2024 | 1 |
| FY2025 | 1 |
SBA 7(a) · charge-off rate by approval year
New York Business Development Corporation charge-off rate by loan vintage
None of these 8 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2004 | 3 | 0 | Too few |
| 2005 | 4 | 0 | Too few |
| 2009 | 6 | 0 | Too few |
| 2010 | 5 | 0 | Too few |
| 2011 | 3 | 0 | Too few |
| 2012 | 3 | 0 | Too few |
| 2014 | 8 | 3 | Too few |
| 2015 | 4 | 0 | Too few |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
6720.0% (high risk)
Portfolio summary
Total funded$33.3M
Charged off10 of 67
Risk tierHigh Risk
Avg rate6.63%
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 New York Business Development Corporation originated?
- 67 loans totaling $33.3M. The portfolio carries a 20.0% charge-off rate, earning a “High Risk” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. New York Business Development Corporation's rate of 20.0% is above the national rate.
- 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 New York Business Development Corporation fund the most?
- The “Top franchise exposures” table above lists the brands New York Business Development Corporation has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.