PN
SBA 7(a) franchise lending portfolio
Pathward National Association
Risk rating: Good
- Total loans
- 83
- Loan volume
- $124.1M
- Avg loan size
- $1.5M
- Charge-off rate
- 8.1%
- vs 16.0% national
Charged off
3
Avg interest
7.75%
Franchises funded
64
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Edible Arrangements | 5 | $1.3M | N/A |
| Ameriprise Financial | 5 | $3.7M | N/A |
| Jersey Mike's | 3 | $2.6M | N/A |
| Dogtopia | 3 | $1.9M | N/A |
| Goldfish Swim School | 2 | $5.1M | N/A |
| Paul Davis Restoration | 2 | $1.8M | N/A |
| Rainbow International Restorat | 2 | $300K | N/A |
| Comfort/ Comfort Inn & Suites/ | 2 | $7.7M | N/A |
| La Quinta Inn | 2 | $2.9M | N/A |
| Anytime Fitness | 2 | $3.8M | N/A |
| Serotonin | 2 | $2.6M | N/A |
| Mr. Appliance | 2 | $2.3M | N/A |
| Curves For Women | 1 | $84K | N/A |
| Allstate Insurance | 1 | $300K | N/A |
| Wyndham Hotels & Resorts | 1 | $5.0M | N/A |
| Red Roof Inn | 1 | $3.5M | N/A |
| Holiday Inn | 1 | $4.0M | N/A |
| Farmers Insurance | 1 | $205K | N/A |
| Springhill Suites | 1 | $5.0M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2006 | 1 |
| FY2014 | 1 |
| FY2015 | 7 |
| FY2016 | 6 |
| FY2017 | 5 |
| FY2018 | 11 |
| FY2019 | 6 |
| FY2020 | 6 |
| FY2021 | 5 |
| FY2022 | 5 |
| FY2023 | 8 |
| FY2024 | 8 |
| FY2025 | 13 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Pathward National Association charge-off rate by loan vintage
None of these 5 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2015 | 6 | 0 | Too few |
| 2016 | 6 | 0 | Too few |
| 2017 | 5 | 1 | Too few |
| 2018 | 8 | 0 | Too few |
| 2020 | 5 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
160.0% (excellent)
130.0% (excellent)
1014.3% (average)
5N/A
5N/A
4N/A
4N/A
4N/A
4N/A
3N/A
Portfolio summary
Total funded$124.1M
Charged off3 of 83
Risk tierGood
Avg rate7.75%
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 Pathward National Association originated?
- 83 loans totaling $124.1M. The portfolio carries a 8.1% 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). 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. Pathward National Association's rate of 8.1% 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 Pathward National Association fund the most?
- The “Top franchise exposures” table above lists the brands Pathward National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.