NS
SBA 7(a) franchise lending portfolio
North State Bank
GOOD risk
- Total loans
- 125
- Loan volume
- $122.0M
- Avg loan size
- $976K
- Charge-off rate
- 5.9%
- vs 15.4% national avg
Defaults
3
Avg interest
7.23%
Franchises funded
88
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Servpro | 9 | $4.7M | 0.0% (low risk) |
| The Learning Experience | 6 | $2.5M | 0.0% (low risk) |
| F45 Training | 5 | $1.6M | 0.0% (low risk) |
| Minuteman Press | 4 | $3.0M | N/A |
| Motel 6 | 3 | $3.0M | 0.0% (low risk) |
| Delta Restoration Services | 3 | $522K | 0.0% (low risk) |
| I Love Juice Bar | 3 | $794K | 0.0% (low risk) |
| Merry Maids | 3 | $1.5M | 0.0% (low risk) |
| Firehouse Subs | 3 | $1.2M | N/A |
| Sleep Inn by Choice Hotels/Sle | 2 | $8.0M | 0.0% (low risk) |
| Red Roof Inn | 2 | $6.8M | 0.0% (low risk) |
| Country Inn & Suites by Radiss | 2 | $7.0M | 0.0% (low risk) |
| Rush Bowls | 2 | $515K | 0.0% (low risk) |
| Postal Connections | 2 | $382K | N/A |
| Tifa Chocolate & Gelato | 2 | $539K | 0.0% (low risk) |
| 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 | 0.0% (low risk) |
| Studio 6 | 1 | $2.8M | 0.0% (low risk) |
| Dickey's Barbecue Pit | 1 | $366K | 0.0% (low risk) |
Lending volume by year
6'17
23'18
13'19
19'20
25'21
15'22
5'23
12'24
6'25
1'26
North State Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
279.1% (moderate risk)
1320.0% (very high risk)
110.0% (low risk)
100.0% (low risk)
90.0% (low risk)
70.0% (low risk)
70.0% (low risk)
60.0% (low risk)
40.0% (low risk)
30.0% (low risk)
Portfolio summary
Total funded$122.0M
Defaults3 of 125
Risk tierGOOD
Avg rate7.23%
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). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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.