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SBA 7(a) franchise lending portfolio
Northern Bank and Trust Company
EXCELLENT risk
- Total loans
- 21
- Loan volume
- $11.2M
- Avg loan size
- $533K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.88%
Franchises funded
12
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Code Wiz | 4 | $710K | 0.0% |
| Crumbl | 3 | $1.4M | 0.0% |
| Children's Orchard (retail Clo | 2 | $60K | 0.0% |
| Carquest Auto Parts | 2 | $460K | 0.0% |
| Goldfish Swim School | 2 | $750K | 0.0% |
| SweatHouz | 2 | $3.2M | — |
| European Wax Center | 1 | $2.0M | — |
| Title Boxing Club | 1 | $475K | — |
| Friendly's | 1 | $1.4M | — |
| EarthWise Pet Supply | 1 | $315K | — |
| We Rock The Spectrum Kid's Gym | 1 | $326K | — |
| Schooley Mitchell | 1 | $50K | 0.0% |
Lending volume by year
1'95
1'97
2'18
4'19
2'20
1'21
7'22
2'23
1'24
Geographic exposure
Portfolio summary
Total funded$11.2M
Defaults0 of 21
Risk tierEXCELLENT
Avg rate7.88%
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%).