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SBA 7(a) franchise lending portfolio
Providence Bank & Trust
CRITICAL risk
- Total loans
- 117
- Loan volume
- $32.5M
- Avg loan size
- $278K
- Default 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% |
| Dunkin Donuts | 10 | $6.1M | 0.0% |
| Pearle Vision Center | 8 | $2.6M | 12.5% |
| Quiznos | 7 | $1.2M | 28.6% |
| Great American Bagel | 5 | $814K | 20.0% |
| Merlin's Muffler | 5 | $1.3M | 0.0% |
| Domino's Pizza | 4 | $1.3M | 25.0% |
| Hardee's Restaurant | 4 | $3.7M | 50.0% |
| MAACO Auto Painting Center | 3 | $664K | 33.3% |
| All Tune And Lube | 3 | $268K | 33.3% |
| Kentucky Fried Chicken | 3 | $1.5M | 0.0% |
| Blimpie | 2 | $210K | 50.0% |
| Mail Boxes Etc. Usa | 2 | $200K | 0.0% |
| Burger King | 2 | $1.3M | 50.0% |
| Body Shop (the) | 2 | $565K | 0.0% |
| Meineke Car Care | 2 | $247K | 0.0% |
| Nancy's Pizza | 2 | $298K | 0.0% |
| Gold Coast Dogs | 2 | $156K | 0.0% |
| Fantastic Sam's | 2 | $360K | 0.0% |
| Rosati's Pizza | 2 | $545K | 50.0% |
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 default rate by loan vintage
BrandNational avg
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%).