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SBA 7(a) franchise lending portfolio
Readycap Lending, LLC
CRITICAL risk
- Total loans
- 4,149
- Loan volume
- $2.3B
- Avg loan size
- $543K
- Default rate
- 32.4%
- vs 15.4% national avg
Defaults
1,162
Avg interest
8.26%
Franchises funded
959
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dunkin Donuts | 179 | $111.9M | 12.8% |
| Primrose School (daycare) | 119 | $168.8M | 3.4% |
| Quiznos | 116 | $17.7M | 42.2% |
| Schlotzsky's Sandwich Shop | 108 | $39.2M | 30.8% |
| Subway Sandwich Shop | 98 | $23.7M | 8.2% |
| Planet Beach | 70 | $14.2M | 50.0% |
| Meineke Car Care | 63 | $18.6M | 49.2% |
| Alphagraphics, Printshops Of T | 61 | $18.4M | 45.0% |
| The UPS Store | 56 | $10.8M | 23.2% |
| Domino's Pizza | 53 | $18.6M | 35.8% |
| Mail Boxes Etc. Usa | 51 | $8.9M | 23.5% |
| Flowerama | 51 | $14.3M | 28.0% |
| All Tune And Lube | 48 | $4.1M | 68.8% |
| Baskin-Robbins 31 Ice Cream | 41 | $12.1M | 19.5% |
| Blimpie | 39 | $5.9M | 43.6% |
| UPS Store | 38 | $8.0M | 31.6% |
| Dairy Queen | 37 | $13.4M | 32.4% |
| Cold Stone Creamery, Inc. | 37 | $11.5M | 54.1% |
| Fast Frame | 35 | $4.1M | 51.4% |
| Papa Murphy's Take & Bake Pizz | 32 | $5.0M | 15.6% |
Lending volume by year
1'92
15
49
121
206
329'97
269
209
197
155
258'02
365
372
377
180
110'07
120
15
16
19
3'12
4
12
19
39
46'18
49
33
102
71
129'23
134
111
14'26
Readycap Lending, LLC default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
45929.8%
44329.7%
39136.5%
20041.0%
18033.3%
15923.4%
15237.6%
15225.7%
14936.4%
14827.0%
Portfolio summary
Total funded$2.3B
Defaults1,162 of 4,149
Risk tierCRITICAL
Avg rate8.26%
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%).