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SBA 7(a) franchise lending portfolio
Rayne State Bank & Trust Company
CRITICAL risk
- Total loans
- 12
- Loan volume
- $4.6M
- Avg loan size
- $383K
- Default rate
- 27.3%
- vs 15.4% national avg
Defaults
3
Avg interest
6.22%
Franchises funded
11
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Anytime Fitness | 2 | $432K | 100.0% |
| Cookies In Bloom | 1 | $50K | 0.0% |
| Cottman Transmission | 1 | $30K | 100.0% |
| Great Harvest Bread Co. | 1 | $130K | 0.0% |
| Kooler Ice | 1 | $98K | 0.0% |
| Edible Arrangements | 1 | $552K | — |
| Mr. Electric | 1 | $130K | 0.0% |
| Anytime Fitness | 1 | $150K | 0.0% |
| Junga Juice | 1 | $2.1M | 0.0% |
| redbox+ | 1 | $612K | 0.0% |
| Ubreakifix | 1 | $338K | 0.0% |
Lending volume by year
1'04
2'05
1'11
1'13
1'17
1'18
1'19
1'20
3'21
Geographic exposure
1227.3%
Portfolio summary
Total funded$4.6M
Defaults3 of 12
Risk tierCRITICAL
Avg rate6.22%
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%).