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SBA 7(a) franchise lending portfolio
Northrim Bank
GOOD risk
- Total loans
- 31
- Loan volume
- $7.5M
- Avg loan size
- $241K
- Default rate
- 7.4%
- vs 15.4% national avg
Defaults
2
Avg interest
6.93%
Franchises funded
24
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Matco Tools (rent Tools) | 3 | $173K | 0.0% |
| Kentucky Fried Chicken | 2 | $655K | 0.0% |
| Mail Boxes Etc. Usa | 2 | $110K | 0.0% |
| The Pita Pit | 2 | $450K | 50.0% |
| Fatburger | 2 | $80K | 0.0% |
| Firehouse Subs | 2 | $1.2M | — |
| Play It Again Sports (retail S | 1 | $65K | 0.0% |
| Texaco Service Station | 1 | $225K | 0.0% |
| Snap-On-Tools | 1 | $60K | 0.0% |
| Thrifty Rent-A-Car | 1 | $600K | 0.0% |
| Ampro Fleet Systems | 1 | $140K | 0.0% |
| AAMCO Transmissions | 1 | $55K | 0.0% |
| Days Inn | 1 | $300K | 0.0% |
| Body Shop (the) | 1 | $240K | 0.0% |
| Subway Sandwich Shop | 1 | $75K | 0.0% |
| Once Upon A Child | 1 | $120K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $150K | 0.0% |
| Slender Lady | 1 | $57K | 100.0% |
| Popeye's Famous Fried Chicken | 1 | $700K | 0.0% |
| General Nutrition Center | 1 | $150K | 0.0% |
Lending volume by year
1'92
7'93
2'94
3'95
2'96
2'97
1'00
1'04
1'05
2'13
1'15
2'18
2'19
1'20
1'21
2'23
Geographic exposure
317.4%
Portfolio summary
Total funded$7.5M
Defaults2 of 31
Risk tierGOOD
Avg rate6.93%
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%).