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SBA 7(a) franchise lending portfolio
Salem Five Cents Savings Bank
AVERAGE risk
- Total loans
- 35
- Loan volume
- $9.9M
- Avg loan size
- $284K
- Default rate
- 10.0%
- vs 15.4% national avg
Defaults
3
Avg interest
5.56%
Franchises funded
22
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Orange Theory Fitness | 4 | $970K | 0.0% |
| Title Boxing Club | 3 | $1.2M | 33.3% |
| Jackson Hewitt Tax Service | 3 | $1.0M | 0.0% |
| Senior Helpers | 3 | $2.5M | 0.0% |
| Woodcraft Franchise Corporatio | 2 | $650K | 0.0% |
| Fitness Together | 2 | $182K | 0.0% |
| Elements Massage | 2 | $150K | 0.0% |
| The Learning Experience | 2 | $320K | 0.0% |
| Cost Cutter Family Hair Care | 1 | $100K | 0.0% |
| Mr. Rooter | 1 | $50K | 0.0% |
| Pirtek Usa | 1 | $290K | 100.0% |
| Precision Door Service | 1 | $278K | 0.0% |
| Honey Dew Donuts | 1 | $185K | 100.0% |
| Dunkin Donuts | 1 | $428K | 0.0% |
| Nothing Bundt Cakes | 1 | $200K | 0.0% |
| Temporary Franchises | 1 | $125K | 0.0% |
| Monkey Joe's | 1 | $328K | 0.0% |
| Edible Arrangements | 1 | $188K | 0.0% |
| Elements Therapeutic Massage | 1 | $25K | 0.0% |
| Honey Dew Donuts | 1 | $556K | — |
Lending volume by year
1'96
1'98
1'01
1'03
1'05
1'06
3'10
3'11
2'12
2'14
2'16
4'17
3'18
4'19
2'20
3'22
1'24
Salem Five Cents Savings Bank default rate by loan vintage
BrandNational avg
Geographic exposure
3410.3%
10.0%
Portfolio summary
Total funded$9.9M
Defaults3 of 35
Risk tierAVERAGE
Avg rate5.56%
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%).