OB
SBA 7(a) franchise lending portfolio
Open Bank
EXCELLENT risk
- Total loans
- 375
- Loan volume
- $778.3M
- Avg loan size
- $2.1M
- Charge-off 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% (low risk) |
| Super 8 by Wyndhan | 15 | $34.1M | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 14 | $36.8M | 0.0% (low risk) |
| Chevron (gas Station) | 12 | $17.8M | 0.0% (low risk) |
| Days Inn by Wyndham | 12 | $42.7M | 0.0% (low risk) |
| It's Boba Time | 10 | $4.6M | 0.0% (low risk) |
| Best Western - Membership Agre | 9 | $30.4M | 0.0% (low risk) |
| Motel 6 | 9 | $25.0M | 0.0% (low risk) |
| Ampm Mini Market- Arco | 8 | $19.1M | 0.0% (low risk) |
| Rodeway Inn by Choice Hotels/R | 7 | $16.8M | 0.0% (low risk) |
| Wetzel's Pretzels | 7 | $2.9M | 0.0% (low risk) |
| Red Roof Inn | 6 | $18.6M | 0.0% (low risk) |
| La Quinta by Wyndham a.k.a. La | 6 | $28.2M | 0.0% (low risk) |
| Christensen Inc. dba Powell Pr | 6 | $7.4M | 0.0% (low risk) |
| Paris Baguette | 6 | $3.8M | 0.0% (low risk) |
| Chevron - Retail Supply Contra | 6 | $11.0M | 0.0% (low risk) |
| Round Table Pizza | 5 | $1.3M | 0.0% (low risk) |
| Days Inn | 4 | $11.6M | 0.0% (low risk) |
| Shell Service Station | 4 | $2.8M | 0.0% (low risk) |
| Subway | 4 | $947K | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
1791.0% (low risk)
415.9% (moderate risk)
340.0% (low risk)
190.0% (low risk)
170.0% (low risk)
140.0% (low risk)
80.0% (low risk)
80.0% (low risk)
60.0% (low risk)
50.0% (low risk)
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
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). 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 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.