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SBA 7(a) franchise lending portfolio
Newtek Small Business Finance, Inc.
ELEVATED risk
- Total loans
- 961
- Loan volume
- $458.4M
- Avg loan size
- $477K
- Default rate
- 19.2%
- vs 15.4% national avg
Defaults
140
Avg interest
6.98%
Franchises funded
505
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Mail Boxes Etc. Usa | 34 | $3.7M | 3.1% |
| Fantastic Sam's | 18 | $1.9M | 16.7% |
| WaterStation | 17 | $20.3M | 0.0% |
| Fastsigns | 16 | $3.1M | 12.5% |
| Maids (the) | 14 | $954K | 42.9% |
| Postal Annex Plus | 13 | $1.2M | 46.2% |
| Days Inn | 13 | $15.4M | 15.4% |
| The UPS Store | 12 | $2.1M | 9.1% |
| AAMCO Transmissions | 12 | $4.7M | 0.0% |
| Max Muscle | 9 | $1.6M | 33.3% |
| Grand Master Samane's Pro Mart | 9 | $1.5M | 22.2% |
| Temporary Franchises | 9 | $2.1M | 11.1% |
| Hotworx | 9 | $3.4M | 0.0% |
| Medicap Pharmacy | 8 | $1.8M | 0.0% |
| Kabloom | 8 | $1.5M | 12.5% |
| True Value Hardware | 8 | $4.0M | 25.0% |
| Luv 2 Play | 8 | $3.0M | 0.0% |
| Ramada Inn | 7 | $8.6M | 28.6% |
| F45 Training | 7 | $933K | 0.0% |
| Simple Simon's Pizza | 6 | $878K | 33.3% |
Lending volume by year
5'95
42
64
58
35
13'00
10
9
25
47
27'06
30
16
17
12
7'12
21
25
38
68
51'17
52
71
36
50
87'22
45'23
Newtek Small Business Finance, Inc. default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
10429.3%
10120.3%
10123.5%
5022.0%
4714.6%
4418.9%
4220.0%
3523.1%
3420.0%
3312.9%
Portfolio summary
Total funded$458.4M
Defaults140 of 961
Risk tierELEVATED
Avg rate6.98%
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%).