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SBA 7(a) franchise lending portfolio
Pioneer Bank
EXCELLENT risk
- Total loans
- 26
- Loan volume
- $5.1M
- Avg loan size
- $195K
- Default rate
- 3.9%
- vs 15.4% national avg
Defaults
1
Avg interest
5.66%
Franchises funded
19
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jimmy John's | 5 | $1.7M | 0.0% |
| Dairy Queen | 3 | $345K | 0.0% |
| We Care Hair | 2 | $80K | 0.0% |
| Coast-To-Coast Store | 1 | $200K | 0.0% |
| Pizza Ranch | 1 | $100K | 0.0% |
| Hardware Hank | 1 | $230K | 0.0% |
| Pronto Markets | 1 | $320K | 0.0% |
| Culver's Frozen Custard | 1 | $200K | 0.0% |
| Roto Rooter | 1 | $193K | 0.0% |
| Armstrong Mccall | 1 | $140K | 0.0% |
| Snap Fitness | 1 | $205K | 0.0% |
| Erbert & Gerbert's Subs & Club | 1 | $150K | 0.0% |
| Bull Chicks | 1 | $100K | 0.0% |
| Tropical Smoothie | 1 | $254K | 0.0% |
| The UPS Store | 1 | $150K | 0.0% |
| Anytime Fitness | 1 | $150K | 0.0% |
| Waxing The City | 1 | $250K | 0.0% |
| CherryBerry | 1 | $258K | 0.0% |
| Dickey's Barbeque | 1 | $60K | 100.0% |
Lending volume by year
3'92
2'94
1'96
1'98
1'99
1'01
1'02
1'03
1'04
2'12
1'13
4'14
3'15
2'16
1'17
1'18
Pioneer Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$5.1M
Defaults1 of 26
Risk tierEXCELLENT
Avg rate5.66%
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%).