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SBA 7(a) franchise lending portfolio
Santander Bank, National Association
GOOD risk
- Total loans
- 195
- Loan volume
- $29.0M
- Avg loan size
- $149K
- Default rate
- 8.8%
- vs 15.4% national avg
Defaults
17
Avg interest
7.80%
Franchises funded
124
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dunkin Donuts | 12 | $6.2M | 8.3% |
| Subway Sandwich Shop | 10 | $1.1M | 0.0% |
| Papa John's Pizza | 5 | $810K | 20.0% |
| Subway | 4 | $212K | 50.0% |
| Rita's Ice-Custard-Happiness | 4 | $153K | 0.0% |
| Sunoco Service Station | 3 | $300K | 0.0% |
| MAACO Auto Painting Center | 3 | $480K | 0.0% |
| Sir Speedy Printing Center | 3 | $340K | 0.0% |
| Rita's Real Italian Water Ice | 3 | $255K | 0.0% |
| Minuteman Press | 3 | $384K | 0.0% |
| Case Handyman | 3 | $350K | 0.0% |
| Cold Stone Creamery, Inc. | 3 | $592K | 33.3% |
| Domino's Pizza | 3 | $249K | 0.0% |
| World Gym & Fitness Center | 2 | $738K | 0.0% |
| Learning Express | 2 | $200K | 0.0% |
| Maids (the) | 2 | $610K | 0.0% |
| Mr. Handyman | 2 | $60K | 0.0% |
| Manhattan Bagel Co. | 2 | $257K | 0.0% |
| Fast Frame | 2 | $270K | 0.0% |
| Fitness Together | 2 | $65K | 0.0% |
Lending volume by year
1'92
1
3
7
9
6'97
6
6
3
3
13'02
21
8
27
3
8'07
9
6
2
1
4'12
4
8
9
6
6'17
8
2
3
2'22
Santander Bank, National Association default rate by loan vintage
BrandNational avg
Geographic exposure
786.4%
439.3%
3411.8%
138.3%
129.1%
60.0%
425.0%
20.0%
10.0%
1100.0%
Portfolio summary
Total funded$29.0M
Defaults17 of 195
Risk tierGOOD
Avg rate7.80%
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%).