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SBA 7(a) franchise lending portfolio
PNC Bank, National Association
ELEVATED risk
- Total loans
- 3,449
- Loan volume
- $1.2B
- Avg loan size
- $353K
- Default rate
- 17.1%
- vs 15.4% national avg
Defaults
539
Avg interest
6.19%
Franchises funded
982
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 251 | $33.7M | 4.8% |
| Quiznos | 120 | $17.7M | 31.1% |
| Dunkin Donuts | 95 | $72.9M | 1.1% |
| Wingstop Restaurant | 53 | $11.0M | 9.4% |
| Mail Boxes Etc. Usa | 52 | $6.0M | 7.8% |
| Dairy Queen | 41 | $7.5M | 12.5% |
| Great Clips | 38 | $5.5M | 0.0% |
| Rita's Real Italian Water Ice | 35 | $6.6M | 17.1% |
| Minuteman Press | 30 | $2.9M | 36.7% |
| Salad Works, Inc. | 29 | $10.6M | 41.4% |
| Servpro | 27 | $6.2M | 11.1% |
| The UPS Store | 27 | $3.8M | 3.7% |
| Jimmy John's | 26 | $6.7M | 8.0% |
| Domino's Pizza | 24 | $2.1M | 4.2% |
| Curves For Women | 23 | $3.7M | 17.4% |
| The Goddard School | 23 | $53.7M | 5.9% |
| Chicken Express | 22 | $7.3M | 4.5% |
| Blimpie | 21 | $4.0M | 28.6% |
| Fantastic Sam's | 21 | $2.1M | 23.8% |
| Firehouse Subs | 21 | $5.5M | 4.8% |
Lending volume by year
32'92
34
54
98
104
103'97
96
115
124
110
140'02
246
267
292
264
271'07
103
68
67
66
42'12
47
88
93
83
86'17
103
79
41
26
26'22
37
17
23
4'26
PNC Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
62716.0%
56916.9%
34614.1%
24418.9%
21916.4%
17313.5%
15624.2%
15619.2%
14114.6%
12318.1%
Portfolio summary
Total funded$1.2B
Defaults539 of 3,449
Risk tierELEVATED
Avg rate6.19%
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%).