OB
SBA 7(a) franchise lending portfolio
OceanFirst Bank, National Association
CRITICAL risk
- Total loans
- 34
- Loan volume
- $21.7M
- Avg loan size
- $637K
- Charge-off rate
- 31.3%
- vs 15.4% national avg
Defaults
10
Avg interest
6.21%
Franchises funded
30
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Gold's Gym | 2 | $2.2M | 50.0% (very high risk) |
| Philly Soft Pretzel Factory | 2 | $325K | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 2 | $145K | 50.0% (very high risk) |
| Quiznos | 2 | $175K | 100.0% (very high risk) |
| Millicare Environmental Servic | 1 | $450K | 0.0% (low risk) |
| Days Inn | 1 | $1.8M | 0.0% (low risk) |
| Foot Stop Enterprises | 1 | $70K | 0.0% (low risk) |
| Four Seasons Sunrooms | 1 | $60K | 0.0% (low risk) |
| Medicap Pharmacy | 1 | $150K | 0.0% (low risk) |
| United Check Cashing,inc. | 1 | $80K | 0.0% (low risk) |
| Golf Etc. | 1 | $20K | 0.0% (low risk) |
| Cruise One | 1 | $150K | 100.0% (very high risk) |
| Extra Innings Training Centers | 1 | $50K | 0.0% (low risk) |
| Red Carpet Inn | 1 | $1.8M | 0.0% (low risk) |
| Dunkin Donuts | 1 | $732K | 0.0% (low risk) |
| Jon'ric At Manalapan | 1 | $400K | 100.0% (very high risk) |
| The UPS Store | 1 | $90K | 0.0% (low risk) |
| Hobbytown Usa | 1 | $150K | 100.0% (very high risk) |
| Auntie Ann's (soft Pretzels) | 1 | $634K | 100.0% (very high risk) |
| Booster Juice | 1 | $150K | 100.0% (very high risk) |
Lending volume by year
4'98
2'99
3'00
2'04
4'05
1'06
9'07
2'08
1'11
1'13
1'14
2'17
2'18
OceanFirst Bank, National Association charge-off rate by loan vintage
BrandNational avg
Geographic exposure
2641.7% (very high risk)
50.0% (low risk)
20.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$21.7M
Defaults10 of 34
Risk tierCRITICAL
Avg rate6.21%
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 OceanFirst Bank, National Association originated?
- 34 loans totaling $21.7M. The portfolio carries a 31.3% charge-off rate, earning a “CRITICAL” 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 OceanFirst Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands OceanFirst Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.