PN
SBA 7(a) franchise lending portfolio
Pathward National Association
GOOD risk
- Total loans
- 83
- Loan volume
- $124.1M
- Avg loan size
- $1.5M
- Charge-off rate
- 8.1%
- vs 15.4% national avg
Defaults
3
Avg interest
7.75%
Franchises funded
64
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Edible Arrangements | 5 | $1.3M | N/A |
| Ameriprise Financial | 3 | $2.6M | 0.0% (low risk) |
| Jersey Mike's | 3 | $2.6M | 0.0% (low risk) |
| Dogtopia | 3 | $1.9M | 0.0% (low risk) |
| Goldfish Swim School | 2 | $5.1M | 0.0% (low risk) |
| Paul Davis Restoration | 2 | $1.8M | N/A |
| Rainbow International Restorat | 2 | $300K | 0.0% (low risk) |
| Ameriprise Financial | 2 | $1.1M | 0.0% (low risk) |
| Comfort/ Comfort Inn & Suites/ | 2 | $7.7M | 0.0% (low risk) |
| La Quinta Inn | 2 | $2.9M | 0.0% (low risk) |
| 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 | 0.0% (low risk) |
| Allstate Insurance | 1 | $300K | 0.0% (low risk) |
| Wyndham Hotels & Resorts | 1 | $5.0M | 0.0% (low risk) |
| Red Roof Inn | 1 | $3.5M | 0.0% (low risk) |
| Holiday Inn | 1 | $4.0M | 0.0% (low risk) |
| Farmers Insurance | 1 | $205K | 0.0% (low risk) |
| Springhill Suites | 1 | $5.0M | 0.0% (low risk) |
Lending volume by year
1'06
1'14
7'15
6'16
5'17
11'18
6'19
6'20
5'21
5'22
8'23
8'24
13'25
1'26
Pathward National Association charge-off rate by loan vintage
BrandNational avg
Geographic exposure
160.0% (low risk)
130.0% (low risk)
1014.3% (elevated risk)
50.0% (low risk)
50.0% (low risk)
40.0% (low risk)
40.0% (low risk)
4N/A
4N/A
30.0% (low risk)
Portfolio summary
Total funded$124.1M
Defaults3 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). 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 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.