SBA 7(a) franchise lending portfolio
Open Bank
- Total loans
- 375
- Loan volume
- $778.3M
- Avg loan size
- $2.1M
- Charge-off rate
- 1.0%
- vs 16.0% national
Charged off
2
Avg interest
6.49%
Franchises funded
170
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| AM/PM Mini-Mart Agreement - AR | 17 | $58.5M | N/A |
| Days Inn by Wyndham | 16 | $54.3M | 0.0% (excellent) |
| Super 8 by Wyndhan | 15 | $34.1M | N/A |
| Quality Inn by Choice Hotels / | 14 | $36.8M | N/A |
| Chevron (gas Station) | 12 | $17.8M | N/A |
| It's Boba Time | 10 | $4.6M | N/A |
| Best Western - Membership Agre | 9 | $30.4M | N/A |
| Motel 6 | 9 | $25.0M | N/A |
| Ampm Mini Market- Arco | 8 | $19.1M | N/A |
| Rodeway Inn by Choice Hotels/R | 7 | $16.8M | N/A |
| Wetzel's Pretzels | 7 | $2.9M | N/A |
| Red Roof Inn | 6 | $18.6M | N/A |
| La Quinta by Wyndham a.k.a. La | 6 | $28.2M | N/A |
| Christensen Inc. dba Powell Pr | 6 | $7.4M | N/A |
| Paris Baguette | 6 | $3.8M | N/A |
| Chevron - Retail Supply Contra | 6 | $11.0M | N/A |
| Round Table Pizza | 5 | $1.3M | N/A |
| Shell Service Station | 4 | $2.8M | N/A |
| Subway | 4 | $947K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2006 | 3 |
| FY2007 | 2 |
| FY2011 | 2 |
| FY2012 | 7 |
| FY2013 | 8 |
| FY2014 | 15 |
| FY2015 | 26 |
| FY2016 | 25 |
| FY2017 | 21 |
| FY2018 | 34 |
| FY2019 | 35 |
| FY2020 | 45 |
| FY2021 | 31 |
| FY2022 | 29 |
| FY2023 | 31 |
| FY2024 | 23 |
| FY2025 | 33 |
| FY2026 | 5 |
SBA 7(a) · charge-off rate by approval year
Open Bank: below all franchise loans in each of the 8 rated years
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
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2006 | 3 | 0 | Too few |
| 2012 | 7 | 0 | Too few |
| 2013 | 8 | 0 | Too few |
| 2014 | 13 | 0 | 0.0% |
| 2015 | 23 | 0 | 0.0% |
| 2016 | 18 | 1 | 5.6% |
| 2017 | 16 | 0 | 0.0% |
| 2018 | 26 | 0 | 0.0% |
| 2019 | 21 | 0 | 0.0% |
| 2020 | 22 | 0 | 0.0% |
| 2021 | 19 | 1 | 5.3% |
| 2022 | 8 | 0 | Too early |
| 2023 | 6 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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 Open Bank originated?
- 375 loans totaling $778.3M. The portfolio carries a 1.0% charge-off rate, earning a “Excellent” 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. Open Bank's rate of 1.0% 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 Open Bank fund the most?
- The “Top franchise exposures” table above lists the brands Open 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.