PB
SBA 7(a) franchise lending portfolio
Primis Bank
ELEVATED risk
- Total loans
- 85
- Loan volume
- $30.7M
- Avg loan size
- $361K
- Charge-off 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% (low risk) |
| Tropical Smoothie Cafe | 5 | $1.6M | N/A |
| Fractured Prune | 3 | $320K | 0.0% (low risk) |
| Plato's Closet | 3 | $545K | 33.3% (very high risk) |
| Rita's Real Italian Water Ice | 2 | $296K | 50.0% (very high risk) |
| Subway Sandwich Shop | 2 | $260K | 0.0% (low risk) |
| Lenny's Sub Shop | 2 | $400K | 0.0% (low risk) |
| Kiddie Academy | 2 | $1.4M | 0.0% (low risk) |
| Cici's Pizza | 2 | $750K | 0.0% (low risk) |
| Dickey's Barbeque | 2 | $350K | 50.0% (very high risk) |
| AAMCO Transmissions | 2 | $803K | 50.0% (very high risk) |
| Holiday Inn Express | 2 | $5.5M | 0.0% (low risk) |
| Great Clips | 2 | $266K | 0.0% (low risk) |
| Play N Trade | 1 | $100K | 0.0% (low risk) |
| Smoothie King (health Food Sto | 1 | $320K | 100.0% (very high risk) |
| Hometown Threads | 1 | $149K | 0.0% (low risk) |
| Meineke Car Care | 1 | $720K | 100.0% (very high risk) |
| Coverall (cleaning & Janitoria | 1 | $25K | 0.0% (low risk) |
| Speedee Oil Change & Tune-Up | 1 | $100K | 100.0% (very high risk) |
| Firkin Pubs | 1 | $500K | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
7314.3% (elevated risk)
620.0% (very high risk)
250.0% (very high risk)
20.0% (low risk)
10.0% (low risk)
1N/A
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
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 Primis Bank originated?
- 85 loans totaling $30.7M. The portfolio carries a 15.1% 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). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Primis Bank fund the most?
- The “Top franchise exposures” table above lists the brands Primis Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.