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SBA 7(a) franchise lending portfolio
Old National Bank
GOOD risk
- Total loans
- 717
- Loan volume
- $315.6M
- Avg loan size
- $440K
- Default rate
- 9.9%
- vs 15.4% national avg
Defaults
50
Avg interest
6.45%
Franchises funded
385
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 19 | $2.8M | 10.5% |
| Quiznos | 19 | $2.8M | 15.8% |
| The UPS Store (f/k/a Mail Box | 13 | $4.2M | 0.0% |
| Dairy Queen | 11 | $2.3M | 9.1% |
| Super 8 Motel | 11 | $7.4M | 0.0% |
| Anytime Fitness | 10 | $1.9M | 0.0% |
| Snap Fitness | 10 | $1.4M | 11.1% |
| Fantastic Sam's | 9 | $2.5M | 0.0% |
| Smash My Trash | 7 | $3.8M | 0.0% |
| Victory Lane Quick Oil Change | 6 | $2.8M | 0.0% |
| Visiting Angels | 6 | $4.3M | 0.0% |
| Days Inn | 5 | $3.7M | 20.0% |
| Culver's Frozen Custard | 5 | $4.3M | 0.0% |
| Jimmy John's | 5 | $2.0M | 0.0% |
| Ace Hardware | 5 | $1.9M | 25.0% |
| Burger King | 5 | $3.5M | 0.0% |
| Ace Hardware | 5 | $6.1M | 0.0% |
| Jimmy John's | 5 | $4.7M | — |
| Taco John's | 4 | $1.2M | 0.0% |
| NAPA Auto Parts | 4 | $1.0M | 0.0% |
Lending volume by year
7'92
7
9
13
20
10'97
8
12
12
13
24'02
27
30
28
16
12'07
14
16
23
23
19'12
11
32
20
20
17'17
19
28
48
37
40'22
39
35
21
7'26
Old National Bank default rate by loan vintage
BrandNational avg
Geographic exposure
29110.4%
926.1%
6411.9%
5819.0%
405.9%
378.0%
330.0%
1911.1%
179.1%
1216.7%
Portfolio summary
Total funded$315.6M
Defaults50 of 717
Risk tierGOOD
Avg rate6.45%
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%).