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SBA 7(a) franchise lending portfolio
Platinum Bank
CRITICAL risk
- Total loans
- 135
- Loan volume
- $69.6M
- Avg loan size
- $515K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
3
Avg interest
9.59%
Franchises funded
45
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Anytime Fitness | 45 | $24.2M | — |
| Waxing the City | 23 | $10.2M | — |
| Red's Savoy Pizza | 9 | $3.4M | 100.0% |
| Seniors Helping Seniors | 4 | $670K | — |
| Fantastic Sams | 3 | $2.2M | — |
| Burn Boot Camp Fitness | 3 | $459K | 0.0% |
| Bricks & Minifigs | 2 | $478K | — |
| Apex Fun Run | 2 | $443K | — |
| Sylvan Learning Centers | 2 | $1.0M | — |
| Petland/Safari Stan's | 2 | $2.4M | — |
| Buffalo Wild Wings | 2 | $1.0M | — |
| Sky Zone Indoor Trampoline Par | 2 | $3.2M | — |
| Magic Dragon | 2 | $765K | — |
| YogaSix | 2 | $597K | — |
| Casa De Corazon | 2 | $4.4M | — |
| Jersey Mike's | 1 | $336K | 0.0% |
| Snap Fitness | 1 | $260K | 0.0% |
| Gigi's Cupcakes | 1 | $315K | 100.0% |
| Culver's | 1 | $702K | 0.0% |
| Floor Covering International | 1 | $100K | 0.0% |
Lending volume by year
1'11
1'12
2'13
2'15
1'16
2'18
5'19
5'20
2'21
4'22
8'23
52'24
50'25
Geographic exposure
3721.4%
18—
15—
9—
8—
6—
Portfolio summary
Total funded$69.6M
Defaults3 of 135
Risk tierCRITICAL
Avg rate9.59%
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%).