SF
SBA 7(a) franchise lending portfolio
Salem Five Cents Savings Bank
AVERAGE risk
- Total loans
- 35
- Loan volume
- $9.9M
- Avg loan size
- $284K
- Charge-off 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% (low risk) |
| Title Boxing Club | 3 | $1.2M | 33.3% (very high risk) |
| Jackson Hewitt Tax Service | 3 | $1.0M | 0.0% (low risk) |
| Senior Helpers | 3 | $2.5M | 0.0% (low risk) |
| Woodcraft Franchise Corporatio | 2 | $650K | 0.0% (low risk) |
| Fitness Together | 2 | $182K | 0.0% (low risk) |
| Elements Massage | 2 | $150K | 0.0% (low risk) |
| The Learning Experience | 2 | $320K | 0.0% (low risk) |
| Cost Cutter Family Hair Care | 1 | $100K | 0.0% (low risk) |
| Mr. Rooter | 1 | $50K | 0.0% (low risk) |
| Pirtek Usa | 1 | $290K | 100.0% (very high risk) |
| Precision Door Service | 1 | $278K | 0.0% (low risk) |
| Honey Dew Donuts | 1 | $185K | 100.0% (very high risk) |
| Dunkin Donuts | 1 | $428K | 0.0% (low risk) |
| Nothing Bundt Cakes | 1 | $200K | 0.0% (low risk) |
| Temporary Franchises | 1 | $125K | 0.0% (low risk) |
| Monkey Joe's | 1 | $328K | 0.0% (low risk) |
| Edible Arrangements | 1 | $188K | 0.0% (low risk) |
| Elements Therapeutic Massage | 1 | $25K | 0.0% (low risk) |
| Honey Dew Donuts | 1 | $556K | N/A |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
3410.3% (elevated risk)
10.0% (low risk)
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
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 Salem Five Cents Savings Bank originated?
- 35 loans totaling $9.9M. The portfolio carries a 10.0% charge-off rate, earning a “AVERAGE” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Salem Five Cents Savings Bank fund the most?
- The “Top franchise exposures” table above lists the brands Salem Five Cents Savings Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.