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SBA 7(a) franchise lending portfolio
Primis Bank
ELEVATED risk
- Total loans
- 85
- Loan volume
- $30.7M
- Avg loan size
- $361K
- Default rate
- 15.1%
- vs 15.4% national avg
Defaults
11
Avg interest
6.18%
Franchises funded
48
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Tropical Smoothie | 21 | $3.9M | 4.8% |
| Tropical Smoothie Cafe | 5 | $1.6M | — |
| Fractured Prune | 3 | $320K | 0.0% |
| Plato's Closet | 3 | $545K | 33.3% |
| Rita's Real Italian Water Ice | 2 | $296K | 50.0% |
| Subway Sandwich Shop | 2 | $260K | 0.0% |
| Lenny's Sub Shop | 2 | $400K | 0.0% |
| Kiddie Academy | 2 | $1.4M | 0.0% |
| Cici's Pizza | 2 | $750K | 0.0% |
| Dickey's Barbeque | 2 | $350K | 50.0% |
| AAMCO Transmissions | 2 | $803K | 50.0% |
| Holiday Inn Express | 2 | $5.5M | 0.0% |
| Great Clips | 2 | $266K | 0.0% |
| Play N Trade | 1 | $100K | 0.0% |
| Smoothie King (health Food Sto | 1 | $320K | 100.0% |
| Hometown Threads | 1 | $149K | 0.0% |
| Meineke Car Care | 1 | $720K | 100.0% |
| Coverall (cleaning & Janitoria | 1 | $25K | 0.0% |
| Speedee Oil Change & Tune-Up | 1 | $100K | 100.0% |
| Firkin Pubs | 1 | $500K | 0.0% |
Lending volume by year
1'03
2'05
1'06
6'07
3'08
12'09
8'10
8'11
2'12
6'13
9'14
9'15
3'16
2'17
2'18
3'19
1'20
4'21
2'22
1'25
Primis Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$30.7M
Defaults11 of 85
Risk tierELEVATED
Avg rate6.18%
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%).