SBA 7(a) franchise lending portfolio
North State Bank
- Total loans
- 125
- Loan volume
- $122.0M
- Avg loan size
- $976K
- Charge-off rate
- 5.9%
- vs 16.0% national
Charged off
3
Avg interest
7.23%
Franchises funded
88
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Servpro | 9 | $4.7M | N/A |
| The Learning Experience | 6 | $2.5M | N/A |
| F45 Training | 5 | $1.6M | N/A |
| Minuteman Press | 4 | $3.0M | N/A |
| Motel 6 | 3 | $3.0M | N/A |
| Delta Restoration Services | 3 | $522K | N/A |
| I Love Juice Bar | 3 | $794K | N/A |
| Merry Maids | 3 | $1.5M | N/A |
| Firehouse Subs | 3 | $1.2M | N/A |
| Sleep Inn by Choice Hotels/Sle | 2 | $8.0M | N/A |
| Red Roof Inn | 2 | $6.8M | N/A |
| Country Inn & Suites by Radiss | 2 | $7.0M | N/A |
| Rush Bowls | 2 | $515K | N/A |
| Postal Connections | 2 | $382K | N/A |
| Tifa Chocolate & Gelato | 2 | $539K | N/A |
| TMJ and Sleep Therapy Centre - | 2 | $2.0M | N/A |
| Americas Best Value Inn | 1 | $946K | N/A |
| Econo Lodge by Choice Hotels/E | 1 | $1.8M | N/A |
| Studio 6 | 1 | $2.8M | N/A |
| Dickey's Barbecue Pit | 1 | $366K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2017 | 6 |
| FY2018 | 23 |
| FY2019 | 13 |
| FY2020 | 19 |
| FY2021 | 25 |
| FY2022 | 15 |
| FY2023 | 5 |
| FY2024 | 12 |
| FY2025 | 6 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
North State Bank: below all franchise loans in each of the 2 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2017 | 5 | 0 | Too few |
| 2018 | 15 | 1 | 6.7% |
| 2019 | 6 | 1 | Too few |
| 2020 | 11 | 0 | 0.0% |
| 2021 | 9 | 1 | Too early |
| 2022 | 4 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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 North State Bank originated?
- 125 loans totaling $122.0M. The portfolio carries a 5.9% charge-off rate, earning a “Good” 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. North State Bank's rate of 5.9% is below 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 North State Bank fund the most?
- The “Top franchise exposures” table above lists the brands North State Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.