PB
SBA 7(a) franchise lending portfolio
PNC Bank, National Association
Risk rating: Elevated
- Total loans
- 3,449
- Loan volume
- $1.2B
- Avg loan size
- $353K
- Charge-off rate
- 17.1%
- vs 16.0% national
Charged off
539
Avg interest
6.19%
Franchises funded
982
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 251 | $33.7M | 4.8% (excellent) |
| Quiznos | 120 | $17.7M | 31.1% (high risk) |
| Dunkin Donuts | 95 | $72.9M | 1.1% (excellent) |
| Mail Boxes Etc. Usa | 79 | $9.8M | 6.4% (good) |
| Wingstop Restaurant | 53 | $11.0M | 9.4% (good) |
| Dairy Queen | 41 | $7.5M | 12.5% (average) |
| Great Clips | 38 | $5.5M | 0.0% (excellent) |
| Rita's Real Italian Water Ice | 35 | $6.6M | 17.1% (elevated) |
| Minuteman Press | 30 | $2.9M | 36.7% (high risk) |
| Salad Works, Inc. | 29 | $10.6M | 41.4% (high risk) |
| Servpro | 27 | $6.2M | 11.1% (average) |
| Jimmy John's | 26 | $6.7M | 8.0% (good) |
| Domino's Pizza | 24 | $2.1M | 4.2% (excellent) |
| Curves For Women | 23 | $3.7M | 17.4% (elevated) |
| The Goddard School | 23 | $53.7M | 5.9% (good) |
| Chicken Express | 22 | $7.3M | 4.5% (excellent) |
| Blimpie | 21 | $4.0M | 28.6% (high risk) |
| Fantastic Sam's | 21 | $2.1M | 23.8% (high risk) |
| Firehouse Subs | 21 | $5.5M | 4.8% (excellent) |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 32 |
| FY1993 | 34 |
| FY1994 | 54 |
| FY1995 | 98 |
| FY1996 | 104 |
| FY1997 | 103 |
| FY1998 | 96 |
| FY1999 | 115 |
| FY2000 | 124 |
| FY2001 | 110 |
| FY2002 | 140 |
| FY2003 | 246 |
| FY2004 | 267 |
| FY2005 | 292 |
| FY2006 | 264 |
| FY2007 | 271 |
| FY2008 | 103 |
| FY2009 | 68 |
| FY2010 | 67 |
| FY2011 | 66 |
| FY2012 | 42 |
| FY2013 | 47 |
| FY2014 | 88 |
| FY2015 | 93 |
| FY2016 | 83 |
| FY2017 | 86 |
| FY2018 | 103 |
| FY2019 | 79 |
| FY2020 | 41 |
| FY2021 | 26 |
| FY2022 | 26 |
| FY2023 | 37 |
| FY2024 | 17 |
| FY2025 | 23 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
PNC Bank, National Association: below all franchise loans in 23 of 29 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (recent years: too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 32 | 2 | 6.2% |
| 1993 | 33 | 4 | 12.1% |
| 1994 | 54 | 5 | 9.3% |
| 1995 | 97 | 16 | 16.5% |
| 1996 | 101 | 21 | 20.8% |
| 1997 | 103 | 11 | 10.7% |
| 1998 | 96 | 14 | 14.6% |
| 1999 | 113 | 13 | 11.5% |
| 2000 | 124 | 24 | 19.4% |
| 2001 | 110 | 20 | 18.2% |
| 2002 | 140 | 15 | 10.7% |
| 2003 | 246 | 33 | 13.4% |
| 2004 | 267 | 53 | 19.9% |
| 2005 | 292 | 60 | 20.5% |
| 2006 | 264 | 83 | 31.4% |
| 2007 | 270 | 95 | 35.2% |
| 2008 | 103 | 31 | 30.1% |
| 2009 | 68 | 14 | 20.6% |
| 2010 | 67 | 7 | 10.4% |
| 2011 | 65 | 3 | 4.6% |
| 2012 | 40 | 0 | 0.0% |
| 2013 | 45 | 2 | 4.4% |
| 2014 | 82 | 2 | 2.4% |
| 2015 | 84 | 2 | 2.4% |
| 2016 | 67 | 4 | 6.0% |
| 2017 | 65 | 0 | 0.0% |
| 2018 | 68 | 3 | 4.4% |
| 2019 | 43 | 0 | 0.0% |
| 2020 | 10 | 1 | 10.0% |
| 2021 | 6 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
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
62716.0% (elevated)
56916.9% (elevated)
34614.1% (average)
24418.9% (elevated)
21916.4% (elevated)
17313.5% (average)
15624.2% (high risk)
15619.2% (elevated)
14114.6% (average)
12318.1% (elevated)
Portfolio summary
Total funded$1.2B
Charged off539 of 3,449
Risk tierElevated
Avg rate6.19%
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 PNC Bank, National Association originated?
- 3,449 loans totaling $1218.1M. The portfolio carries a 17.1% charge-off rate, earning a “Elevated” 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. PNC Bank, National Association's rate of 17.1% is above 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 PNC Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands PNC Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.