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SBA 7(a) franchise lending portfolio
Popular Bank
CRITICAL risk
- Total loans
- 1,275
- Loan volume
- $311.5M
- Avg loan size
- $244K
- Default rate
- 48.1%
- vs 15.4% national avg
Defaults
602
Avg interest
7.00%
Franchises funded
276
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| AAMCO Transmissions | 59 | $14.1M | 69.5% |
| Planet Beach | 57 | $12.8M | 82.5% |
| Subway Sandwich Shop | 52 | $7.9M | 17.3% |
| Cold Stone Creamery, Inc. | 50 | $13.1M | 66.0% |
| Massage Envy | 45 | $12.0M | 6.7% |
| Dunkin Donuts | 44 | $21.6M | 6.8% |
| Domino's Pizza | 38 | $6.8M | 23.7% |
| Golf Etc. | 32 | $4.9M | 93.8% |
| Huntington Learning Center | 30 | $5.9M | 35.7% |
| Philly Soft Pretzel Factory | 27 | $4.2M | 65.4% |
| Quiznos | 24 | $3.4M | 25.0% |
| All Tune And Lube | 19 | $2.3M | 31.6% |
| Wingstop Restaurant | 19 | $4.3M | 0.0% |
| 24 Seven Vending | 18 | $2.9M | 88.9% |
| Foot Solutions | 17 | $2.7M | 75.0% |
| Premier Rental Purchase | 16 | $4.5M | 68.8% |
| Buffalo Wings & Rings | 16 | $5.3M | 64.3% |
| Play N Trade | 13 | $1.5M | 76.9% |
| Wetzel's Pretzel | 12 | $2.0M | 58.3% |
| King Bear Auto Service | 12 | $2.6M | 8.3% |
Lending volume by year
1'94
5'95
7'96
28'97
26'98
37'99
28'00
33'01
42'02
72'03
62'04
85'05
159'06
322'07
363'08
4'09
1'14
Popular Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
22647.1%
19642.3%
14346.5%
9329.7%
8239.0%
6140.0%
4460.5%
4165.9%
3561.8%
2950.0%
Portfolio summary
Total funded$311.5M
Defaults602 of 1,275
Risk tierCRITICAL
Avg rate7.00%
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%).