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SBA 7(a) franchise lending portfolio
NexBank
CRITICAL risk
- Total loans
- 19
- Loan volume
- $4.3M
- Avg loan size
- $226K
- Default rate
- 57.9%
- vs 15.4% national avg
Defaults
11
Avg interest
6.00%
Franchises funded
15
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Minuteman Press | 4 | $1.2M | 100.0% |
| Dinner Station (the) | 2 | $237K | 100.0% |
| Massey Ferguson | 1 | $210K | 0.0% |
| Eagle Postal Centers | 1 | $170K | 100.0% |
| Nutri-Lawn Of Texas | 1 | $143K | 0.0% |
| Just Dogs! Gourmet | 1 | $75K | 100.0% |
| Remax | 1 | $55K | 0.0% |
| Sign-A-Rama | 1 | $128K | 0.0% |
| Culver's Frozen Custard | 1 | $150K | 0.0% |
| Mega Wraps | 1 | $150K | 100.0% |
| Papa Murphy's Take & Bake Pizz | 1 | $150K | 0.0% |
| Pro Cuts | 1 | $91K | 100.0% |
| Purosystems | 1 | $102K | 0.0% |
| Puckmasters Fargo | 1 | $359K | 100.0% |
| Original Pancake House (the) | 1 | $1.1M | 0.0% |
Lending volume by year
1'04
14'05
2'06
2'11
Geographic exposure
1957.9%
Portfolio summary
Total funded$4.3M
Defaults11 of 19
Risk tierCRITICAL
Avg rate6.00%
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%).