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SBA 7(a) franchise lending portfolio
Nicolet National Bank
GOOD risk
- Total loans
- 94
- Loan volume
- $41.1M
- Avg loan size
- $437K
- Default rate
- 8.5%
- vs 15.4% national avg
Defaults
5
Avg interest
5.72%
Franchises funded
63
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ace Hardware | 6 | $2.3M | 0.0% |
| Do it Best – Membership Agreem | 5 | $4.2M | — |
| Piggly Wiggly | 4 | $4.9M | 0.0% |
| Jimmy John's | 3 | $1.1M | 0.0% |
| Great Clips | 3 | $381K | 0.0% |
| Carstar Automotive | 3 | $1.2M | 0.0% |
| Firehouse Subs | 3 | $1.1M | 0.0% |
| Face Foundrie | 3 | $743K | — |
| Tim Hortons | 2 | $619K | 0.0% |
| Snap Fitness | 2 | $216K | 50.0% |
| Pet Supplies Plus System | 2 | $350K | 50.0% |
| Toppers Pizza | 2 | $480K | 0.0% |
| Liberty Tax Service | 2 | $228K | 0.0% |
| Big Apple Bagels | 2 | $232K | — |
| Roto-Rooter | 2 | $608K | — |
| Dairy Queen/Limited Brazier Op | 2 | $200K | 0.0% |
| Napa AutoCare Program Membersh | 2 | $680K | — |
| Quiznos | 1 | $116K | 0.0% |
| Gold's Gym | 1 | $150K | 0.0% |
| Line-X | 1 | $100K | — |
Lending volume by year
1'01
1
1
3
1
2'10
6
5
2
6
8'15
3
4
5
2
5'20
17
9
4
2
5'25
2'26
Nicolet National Bank default rate by loan vintage
BrandNational avg
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%).