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SBA 7(a) franchise lending portfolio
Pathward National Association
GOOD risk
- Total loans
- 83
- Loan volume
- $124.1M
- Avg loan size
- $1.5M
- Default 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 | — |
| Ameriprise Financial | 3 | $2.6M | 0.0% |
| Jersey Mike's | 3 | $2.6M | 0.0% |
| Dogtopia | 3 | $1.9M | 0.0% |
| Goldfish Swim School | 2 | $5.1M | 0.0% |
| Paul Davis Restoration | 2 | $1.8M | — |
| Rainbow International Restorat | 2 | $300K | 0.0% |
| Ameriprise Financial | 2 | $1.1M | 0.0% |
| Comfort/ Comfort Inn & Suites/ | 2 | $7.7M | 0.0% |
| La Quinta Inn | 2 | $2.9M | 0.0% |
| Anytime Fitness | 2 | $3.8M | — |
| Serotonin | 2 | $2.6M | — |
| Mr. Appliance | 2 | $2.3M | — |
| Curves For Women | 1 | $84K | 0.0% |
| Allstate Insurance | 1 | $300K | 0.0% |
| Wyndham Hotels & Resorts | 1 | $5.0M | 0.0% |
| Red Roof Inn | 1 | $3.5M | 0.0% |
| Holiday Inn | 1 | $4.0M | 0.0% |
| Farmers Insurance | 1 | $205K | 0.0% |
| Springhill Suites | 1 | $5.0M | 0.0% |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
160.0%
130.0%
1014.3%
50.0%
50.0%
40.0%
40.0%
30.0%
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
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%).