PS
SBA 7(a) franchise lending portfolio
Plains State Bank
Risk rating: Excellent
- Total loans
- 98
- Loan volume
- $205.9M
- Avg loan size
- $2.1M
- Charge-off rate
- 3.5%
- vs 16.0% national
Charged off
2
Avg interest
5.96%
Franchises funded
56
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Tune Up; The Manly Salon | 10 | $2.6M | N/A |
| Kids 'R' Kids | 8 | $31.1M | N/A |
| Super 8 Motel | 5 | $10.3M | N/A |
| Primrose Schools | 5 | $20.4M | N/A |
| Murphy's Deli | 4 | $2.6M | N/A |
| Temporary Franchises | 4 | $4.2M | N/A |
| Rodeway Inns | 3 | $4.1M | N/A |
| Econo Lodge Motel | 3 | $5.5M | N/A |
| The Goddard School | 3 | $13.3M | N/A |
| Budget Host Super 7 Motel | 3 | $5.0M | N/A |
| Children's Lighthouse Early Le | 3 | $11.9M | N/A |
| Church's Fried Chicken | 2 | $850K | N/A |
| Holiday Inn Express/Holiday In | 2 | $10.0M | N/A |
| Spanish Schoolhouse | 2 | $1.4M | N/A |
| Gasgo Markets, Inc. (Shell) Mo | 2 | $2.6M | N/A |
| Studio 6 | 2 | $5.8M | N/A |
| Baymont Inns & Suites | 1 | $1.8M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2009 | 5 |
| FY2010 | 15 |
| FY2011 | 5 |
| FY2012 | 2 |
| FY2013 | 2 |
| FY2014 | 2 |
| FY2015 | 3 |
| FY2016 | 7 |
| FY2017 | 6 |
| FY2018 | 6 |
| FY2019 | 14 |
| FY2020 | 4 |
| FY2021 | 14 |
| FY2022 | 6 |
| FY2024 | 4 |
| FY2025 | 2 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Plains State Bank charge-off rate by loan vintage
Only 1 of these 10 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 |
|---|---|---|---|
| 2009 | 5 | 0 | Too few |
| 2010 | 14 | 2 | 14.3% |
| 2011 | 5 | 0 | Too few |
| 2015 | 3 | 0 | Too few |
| 2016 | 5 | 0 | Too few |
| 2017 | 3 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 3 | 0 | Too few |
| 2021 | 7 | 0 | Too early |
| 2022 | 3 | 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
Portfolio summary
Total funded$205.9M
Charged off2 of 98
Risk tierExcellent
Avg rate5.96%
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 Plains State Bank originated?
- 98 loans totaling $205.9M. The portfolio carries a 3.5% charge-off rate, earning a “Excellent” 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. Plains State Bank's rate of 3.5% 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 Plains State Bank fund the most?
- The “Top franchise exposures” table above lists the brands Plains State Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.