PB
SBA 7(a) franchise lending portfolio
Primis Bank
Risk rating: Elevated
- Total loans
- 85
- Loan volume
- $30.7M
- Avg loan size
- $361K
- Charge-off rate
- 15.1%
- vs 16.0% national
Charged off
11
Avg interest
6.18%
Franchises funded
48
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Tropical Smoothie | 26 | $5.5M | N/A |
| Fractured Prune | 3 | $320K | N/A |
| Plato's Closet | 3 | $545K | N/A |
| Rita's Real Italian Water Ice | 2 | $296K | N/A |
| Subway Sandwich Shop | 2 | $260K | N/A |
| Lenny's Sub Shop | 2 | $400K | N/A |
| Kiddie Academy | 2 | $1.4M | N/A |
| Cici's Pizza | 2 | $750K | N/A |
| Dickey's Barbeque | 2 | $350K | N/A |
| AAMCO Transmissions | 2 | $803K | N/A |
| Holiday Inn Express | 2 | $5.5M | N/A |
| Great Clips | 2 | $266K | N/A |
| Play N Trade | 1 | $100K | N/A |
| Smoothie King (health Food Sto | 1 | $320K | N/A |
| Hometown Threads | 1 | $149K | N/A |
| Meineke Car Care | 1 | $720K | N/A |
| Coverall (cleaning & Janitoria | 1 | $25K | N/A |
| Speedee Oil Change & Tune-Up | 1 | $100K | N/A |
| Firkin Pubs | 1 | $500K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2003 | 1 |
| FY2005 | 2 |
| FY2006 | 1 |
| FY2007 | 6 |
| FY2008 | 3 |
| FY2009 | 12 |
| FY2010 | 8 |
| FY2011 | 8 |
| FY2012 | 2 |
| FY2013 | 6 |
| FY2014 | 9 |
| FY2015 | 9 |
| FY2016 | 3 |
| FY2017 | 2 |
| FY2018 | 2 |
| FY2019 | 3 |
| FY2020 | 1 |
| FY2021 | 4 |
| FY2022 | 2 |
| FY2025 | 1 |
SBA 7(a) · charge-off rate by approval year
Primis Bank charge-off rate by loan vintage
Only 1 of these 9 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2007 | 6 | 3 | Too few |
| 2008 | 3 | 2 | Too few |
| 2009 | 12 | 1 | 8.3% |
| 2010 | 8 | 0 | Too few |
| 2011 | 8 | 0 | Too few |
| 2013 | 6 | 3 | Too few |
| 2014 | 9 | 1 | Too few |
| 2015 | 8 | 0 | Too few |
| 2016 | 3 | 0 | Too few |
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
Portfolio summary
Total funded$30.7M
Charged off11 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). 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. Primis Bank's rate of 15.1% is near 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 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.