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SBA 7(a) franchise lending portfolio
Open Bank
EXCELLENT risk
- Total loans
- 375
- Loan volume
- $778.3M
- Avg loan size
- $2.1M
- Default rate
- 1.0%
- vs 15.4% national avg
Defaults
2
Avg interest
6.49%
Franchises funded
170
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| AM/PM Mini-Mart Agreement - AR | 17 | $58.5M | 0.0% |
| Super 8 by Wyndhan | 15 | $34.1M | 0.0% |
| Quality Inn by Choice Hotels / | 14 | $36.8M | 0.0% |
| Chevron (gas Station) | 12 | $17.8M | 0.0% |
| Days Inn by Wyndham | 12 | $42.7M | 0.0% |
| It's Boba Time | 10 | $4.6M | 0.0% |
| Best Western - Membership Agre | 9 | $30.4M | 0.0% |
| Motel 6 | 9 | $25.0M | 0.0% |
| Ampm Mini Market- Arco | 8 | $19.1M | 0.0% |
| Rodeway Inn by Choice Hotels/R | 7 | $16.8M | 0.0% |
| Wetzel's Pretzels | 7 | $2.9M | 0.0% |
| Red Roof Inn | 6 | $18.6M | 0.0% |
| La Quinta by Wyndham a.k.a. La | 6 | $28.2M | 0.0% |
| Christensen Inc. dba Powell Pr | 6 | $7.4M | 0.0% |
| Paris Baguette | 6 | $3.8M | 0.0% |
| Chevron - Retail Supply Contra | 6 | $11.0M | 0.0% |
| Round Table Pizza | 5 | $1.3M | 0.0% |
| Days Inn | 4 | $11.6M | 0.0% |
| Shell Service Station | 4 | $2.8M | 0.0% |
| Subway | 4 | $947K | 0.0% |
Lending volume by year
3'06
2'07
2'11
7'12
8'13
15'14
26'15
25'16
21'17
34'18
35'19
45'20
31'21
29'22
31'23
23'24
33'25
5'26
Open Bank default rate by loan vintage
BrandNational avg
Geographic exposure
1791.0%
415.9%
340.0%
190.0%
170.0%
140.0%
80.0%
80.0%
60.0%
50.0%
Portfolio summary
Total funded$778.3M
Defaults2 of 375
Risk tierEXCELLENT
Avg rate6.49%
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%).