ON
SBA 7(a) franchise lending portfolio
Old National Bank
GOOD risk
- Total loans
- 717
- Loan volume
- $315.6M
- Avg loan size
- $440K
- Charge-off 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% (elevated risk) |
| Quiznos | 19 | $2.8M | 15.8% (high risk) |
| The UPS Store (f/k/a Mail Box | 13 | $4.2M | 0.0% (low risk) |
| Dairy Queen | 11 | $2.3M | 9.1% (moderate risk) |
| Super 8 Motel | 11 | $7.4M | 0.0% (low risk) |
| Anytime Fitness | 10 | $1.9M | 0.0% (low risk) |
| Snap Fitness | 10 | $1.4M | 11.1% (elevated risk) |
| Fantastic Sam's | 9 | $2.5M | 0.0% (low risk) |
| Smash My Trash | 7 | $3.8M | 0.0% (low risk) |
| Victory Lane Quick Oil Change | 6 | $2.8M | 0.0% (low risk) |
| Visiting Angels | 6 | $4.3M | 0.0% (low risk) |
| Days Inn | 5 | $3.7M | 20.0% (very high risk) |
| Culver's Frozen Custard | 5 | $4.3M | 0.0% (low risk) |
| Jimmy John's | 5 | $2.0M | 0.0% (low risk) |
| Ace Hardware | 5 | $1.9M | 25.0% (very high risk) |
| Burger King | 5 | $3.5M | 0.0% (low risk) |
| Ace Hardware | 5 | $6.1M | 0.0% (low risk) |
| Jimmy John's | 5 | $4.7M | N/A |
| Taco John's | 4 | $1.2M | 0.0% (low risk) |
| NAPA Auto Parts | 4 | $1.0M | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
29110.4% (elevated risk)
926.1% (moderate risk)
6411.9% (elevated risk)
5819.0% (high risk)
405.9% (moderate risk)
378.0% (moderate risk)
330.0% (low risk)
1911.1% (elevated risk)
179.1% (moderate risk)
1216.7% (high risk)
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
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). 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 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.