PB
SBA 7(a) franchise lending portfolio
Providence Bank & Trust
Risk rating: High Risk
- Total loans
- 117
- Loan volume
- $32.5M
- Avg loan size
- $278K
- Charge-off rate
- 21.7%
- vs 16.0% national
Charged off
25
Avg interest
7.46%
Franchises funded
52
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 11 | $1.5M | 9.1% (good) |
| Dunkin Donuts | 10 | $6.1M | 0.0% (excellent) |
| Pearle Vision Center | 8 | $2.6M | N/A |
| Quiznos | 7 | $1.2M | N/A |
| Great American Bagel | 5 | $814K | N/A |
| Merlin's Muffler | 5 | $1.3M | N/A |
| Domino's Pizza | 4 | $1.3M | N/A |
| Hardee's Restaurant | 4 | $3.7M | N/A |
| MAACO Auto Painting Center | 3 | $664K | N/A |
| All Tune And Lube | 3 | $268K | N/A |
| Kentucky Fried Chicken | 3 | $1.5M | N/A |
| Blimpie | 2 | $210K | N/A |
| Mail Boxes Etc. Usa | 2 | $200K | N/A |
| Burger King | 2 | $1.3M | N/A |
| Body Shop (the) | 2 | $565K | N/A |
| Meineke Car Care | 2 | $247K | N/A |
| Nancy's Pizza | 2 | $298K | N/A |
| Gold Coast Dogs | 2 | $156K | N/A |
| Fantastic Sam's | 2 | $360K | N/A |
| Rosati's Pizza | 2 | $545K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 9 |
| FY1993 | 17 |
| FY1994 | 7 |
| FY1995 | 10 |
| FY1996 | 12 |
| FY1997 | 8 |
| FY1998 | 6 |
| FY1999 | 1 |
| FY2000 | 6 |
| FY2001 | 3 |
| FY2002 | 5 |
| FY2003 | 4 |
| FY2004 | 4 |
| FY2005 | 9 |
| FY2006 | 6 |
| FY2007 | 1 |
| FY2008 | 2 |
| FY2011 | 1 |
| FY2013 | 1 |
| FY2016 | 1 |
| FY2018 | 2 |
| FY2023 | 1 |
| FY2024 | 1 |
SBA 7(a) · charge-off rate by approval year
Providence Bank & Trust: below all franchise loans in 2 of 3 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 9 | 2 | Too few |
| 1993 | 17 | 4 | 23.5% |
| 1994 | 7 | 0 | Too few |
| 1995 | 10 | 1 | 10.0% |
| 1996 | 12 | 0 | 0.0% |
| 1997 | 8 | 2 | Too few |
| 1998 | 6 | 2 | Too few |
| 2000 | 6 | 0 | Too few |
| 2001 | 3 | 0 | Too few |
| 2002 | 5 | 4 | Too few |
| 2003 | 4 | 3 | Too few |
| 2004 | 4 | 0 | Too few |
| 2005 | 9 | 3 | Too few |
| 2006 | 6 | 2 | Too few |
Dashed line: all franchise 7(a) loans approved the same year.
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.
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 “High Risk” 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. Providence Bank & Trust's rate of 21.7% is above 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 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.