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SBA 7(a) franchise lending portfolio
Patriot Bank, National Association
CRITICAL risk
- Total loans
- 32
- Loan volume
- $18.0M
- Avg loan size
- $562K
- Default rate
- 29.4%
- vs 15.4% national avg
Defaults
5
Avg interest
6.95%
Franchises funded
21
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Launch Trampoline Park | 4 | $3.9M | 0.0% |
| Clean Eatz | 3 | $649K | 0.0% |
| Meineke Car Care Center | 3 | $2.0M | 0.0% |
| Freshii | 3 | $1.3M | 33.3% |
| Huey Magoo's Chicken Tenders | 2 | $705K | — |
| Roll On In | 2 | $596K | 100.0% |
| Frenchies Modern Nail Care | 1 | $125K | 0.0% |
| The Little Gym | 1 | $202K | 0.0% |
| Floor Coverings International | 1 | $200K | — |
| Gong Cha (only for NJ, NY, MA | 1 | $330K | 0.0% |
| Tossed Franchise Company | 1 | $2.3M | — |
| Kumon | 1 | $200K | 100.0% |
| Uncle Boo's Catfish Corner - I | 1 | $320K | — |
| Glass Doctor | 1 | $519K | — |
| Athletic Republic | 1 | $520K | — |
| Ace Hardware | 1 | $1.7M | — |
| BurgerFi | 1 | $659K | — |
| Beef 'O' Brady's | 1 | $510K | — |
| The UPS Store (f/k/a Mail Box | 1 | $435K | — |
| Code Ninjas | 1 | $421K | — |
Lending volume by year
5'18
15'19
2'20
2'21
7'22
1'23
Geographic exposure
50.0%
50.0%
4100.0%
30.0%
250.0%
20.0%
20.0%
2—
1—
Portfolio summary
Total funded$18.0M
Defaults5 of 32
Risk tierCRITICAL
Avg rate6.95%
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%).