PB
SBA 7(a) franchise lending portfolio
Providence Bank & Trust
CRITICAL risk
- Total loans
- 117
- Loan volume
- $32.5M
- Avg loan size
- $278K
- Charge-off rate
- 21.7%
- vs 15.4% national avg
Defaults
25
Avg interest
7.46%
Franchises funded
52
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 11 | $1.5M | 9.1% (moderate risk) |
| Dunkin Donuts | 10 | $6.1M | 0.0% (low risk) |
| Pearle Vision Center | 8 | $2.6M | 12.5% (elevated risk) |
| Quiznos | 7 | $1.2M | 28.6% (very high risk) |
| Great American Bagel | 5 | $814K | 20.0% (very high risk) |
| Merlin's Muffler | 5 | $1.3M | 0.0% (low risk) |
| Domino's Pizza | 4 | $1.3M | 25.0% (very high risk) |
| Hardee's Restaurant | 4 | $3.7M | 50.0% (very high risk) |
| MAACO Auto Painting Center | 3 | $664K | 33.3% (very high risk) |
| All Tune And Lube | 3 | $268K | 33.3% (very high risk) |
| Kentucky Fried Chicken | 3 | $1.5M | 0.0% (low risk) |
| Blimpie | 2 | $210K | 50.0% (very high risk) |
| Mail Boxes Etc. Usa | 2 | $200K | 0.0% (low risk) |
| Burger King | 2 | $1.3M | 50.0% (very high risk) |
| Body Shop (the) | 2 | $565K | 0.0% (low risk) |
| Meineke Car Care | 2 | $247K | 0.0% (low risk) |
| Nancy's Pizza | 2 | $298K | 0.0% (low risk) |
| Gold Coast Dogs | 2 | $156K | 0.0% (low risk) |
| Fantastic Sam's | 2 | $360K | 0.0% (low risk) |
| Rosati's Pizza | 2 | $545K | 50.0% (very high risk) |
Lending volume by year
9'92
17
7
10
12
8'97
6
1
6
3
5'02
4
4
9
6
1'07
2
1
1
1
2'18
1
1'24
Providence Bank & Trust charge-off rate by loan vintage
BrandNational avg
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 Providence Bank & Trust originated?
- 117 loans totaling $32.5M. The portfolio carries a 21.7% charge-off rate, earning a “CRITICAL” 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 Providence Bank & Trust fund the most?
- The “Top franchise exposures” table above lists the brands Providence Bank & Trust has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.