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SBA 7(a) franchise lending portfolio
Saco and Biddeford Savings Institution
ELEVATED risk
- Total loans
- 11
- Loan volume
- $975K
- Avg loan size
- $89K
- Default rate
- 18.2%
- vs 15.4% national avg
Defaults
2
Avg interest
5.88%
Franchises funded
8
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Prudential Realtors (the) | 2 | $35K | 100.0% |
| Minuteman Press | 2 | $105K | 0.0% |
| Tropical Smoothie | 2 | $300K | 0.0% |
| Snap-On-Tools | 1 | $40K | 0.0% |
| Merry Maids | 1 | $15K | 0.0% |
| Tim Horton Donuts | 1 | $5K | 0.0% |
| The Signery | 1 | $340K | 0.0% |
| World Inspection Network | 1 | $135K | 0.0% |
Lending volume by year
1'95
2'08
1'09
1'10
1'11
1'12
3'13
1'16
Geographic exposure
1118.2%
Portfolio summary
Total funded$975K
Defaults2 of 11
Risk tierELEVATED
Avg rate5.88%
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%).