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SBA 7(a) franchise lending portfolio
Paradise Bank
ELEVATED risk
- Total loans
- 31
- Loan volume
- $30.6M
- Avg loan size
- $986K
- Default rate
- 17.4%
- vs 15.4% national avg
Defaults
4
Avg interest
6.09%
Franchises funded
17
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Freedom Boat Club | 7 | $2.3M | 0.0% |
| The Original Brooklyn Water Ba | 4 | $3.7M | 100.0% |
| Freedom Boat Club | 4 | $5.8M | 0.0% |
| The Poke Company | 2 | $465K | 0.0% |
| Sunoco Service Station | 2 | $4.3M | 0.0% |
| Mobil Oil (stations) | 1 | $2.2M | 0.0% |
| Holiday Inn Express | 1 | $4.5M | — |
| Carstar Automotive | 1 | $735K | 0.0% |
| Century 21 | 1 | $2.8M | 0.0% |
| Smash My Trash | 1 | $400K | 0.0% |
| Holiday Inn | 1 | $533K | — |
| Chevron (gas Station) | 1 | $456K | 0.0% |
| AlphaGraphics | 1 | $790K | — |
| BurgerFi | 1 | $845K | — |
| Mayweather Boxing & Fitness | 1 | $368K | — |
| The Driveway Company | 1 | $90K | — |
| Pirtek | 1 | $360K | — |
Lending volume by year
1'11
1'12
1'13
7'14
2'15
5'16
2'17
1'18
2'19
2'20
4'21
1'22
2'23
Geographic exposure
3117.4%
Portfolio summary
Total funded$30.6M
Defaults4 of 31
Risk tierELEVATED
Avg rate6.09%
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%).