Skip to main content
FranchiseVerdict

SBA 7(a) franchise lending portfolio

Old National Bank

Risk rating: Good
Total loans
717
Loan volume
$315.6M
Avg loan size
$440K
Charge-off rate
9.9%
vs 16.0% national

Charged off

50

Avg interest

6.45%

Franchises funded

385

Risk rating

Good

Top franchise exposures

FranchiseLoansVolumeCharge-off %
Subway Sandwich Shop19$2.8M10.5% (average)
Quiznos19$2.8M15.8% (elevated)
The UPS Store  (f/k/a Mail Box13$4.2MN/A
Dairy Queen11$2.3M9.1% (good)
Super 8 Motel11$7.4M0.0% (excellent)
Anytime Fitness10$1.9MN/A
Snap Fitness10$1.4MN/A
Jimmy John's10$6.7MN/A
Ace Hardware10$8.1MN/A
Fantastic Sam's9$2.5MN/A
Smash My Trash7$3.8MN/A
Victory Lane Quick Oil Change6$2.8MN/A
Visiting Angels6$4.3MN/A
Days Inn5$3.7MN/A
Culver's Frozen Custard5$4.3MN/A
Burger King5$3.5MN/A
Taco John's4$1.2MN/A
NAPA Auto Parts4$1.0MN/A

SBA 7(a) · charge-off rate by approval year

Old National Bank: below all franchise loans in 22 of 26 rated years

Old National Bank: below all franchise loans in 22 of 26 rated yearsOld National Bank charge-off rate by loan vintage. 31 approval years, 1992 to 2022; the 26 with at least 10 resolved loans are plotted, against all franchise loans approved the same year. Their rates run from 0.0% to 33.3%.

Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.

Show the numbers by year
YearResolvedCharged offRate
199271Too few
199370Too few
199490Too few
199513215.4%
199620210.0%
199710110.0%
199881Too few
199912216.7%
200012216.7%
20011317.7%
200224416.7%
200327518.5%
200430516.7%
20052800.0%
200616212.5%
200712433.3%
20081417.1%
200916212.5%
20102214.5%
20112314.3%
20121715.9%
20131119.1%
20143126.5%
20151715.9%
20161700.0%
20171417.1%
20181317.7%
201915213.3%
20202528.0%
20211417.1%
202281Too early

Dashed line: all franchise 7(a) loans approved the same year.

Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.

Geographic exposure

Minnesota
29110.4% (average)
Indiana
926.1% (good)
Wisconsin
6411.9% (average)
Illinois
5819.0% (elevated)
Tennessee
405.9% (good)
Michigan
378.0% (good)
North Dakota
330.0% (excellent)
Georgia
1911.1% (average)
Kentucky
179.1% (good)
North Carolina
1216.7% (elevated)

Portfolio summary

Total funded$315.6M
Charged off50 of 717
Risk tierGood
Avg rate6.45%

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 Old National Bank originated?
717 loans totaling $315.6M. The portfolio carries a 9.9% 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Old National Bank's rate of 9.9% is below the national rate.
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 Old National Bank fund the most?
The “Top franchise exposures” table above lists the brands Old National 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.