SN
SBA 7(a) franchise lending portfolio
Seacoast National Bank
ELEVATED risk
- Total loans
- 170
- Loan volume
- $86.7M
- Avg loan size
- $510K
- Charge-off rate
- 16.7%
- vs 15.4% national avg
Defaults
18
Avg interest
7.46%
Franchises funded
113
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Domino's | 12 | $10.4M | 0.0% (low risk) |
| Hotworx | 9 | $3.1M | 0.0% (low risk) |
| Planet Smoothie | 6 | $1.3M | 20.0% (very high risk) |
| Smoothie King | 6 | $2.1M | 0.0% (low risk) |
| Dairy Queen | 3 | $528K | 0.0% (low risk) |
| Zaxby's | 3 | $2.8M | 0.0% (low risk) |
| NYPD Pizza | 3 | $1.6M | 0.0% (low risk) |
| The Goddard School | 3 | $6.7M | N/A |
| Cookies By Design | 2 | $600K | 50.0% (very high risk) |
| Dunkin Donuts | 2 | $935K | 0.0% (low risk) |
| Homes & Land (magazine) | 2 | $873K | 0.0% (low risk) |
| AAMCO Transmissions | 2 | $317K | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 2 | $395K | 0.0% (low risk) |
| Rita's Real Italian Water Ice | 2 | $143K | 0.0% (low risk) |
| UPS Store | 2 | $260K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $984K | 50.0% (very high risk) |
| Huey Magoo's Chicken Tenders | 2 | $1.5M | 0.0% (low risk) |
| MaidPro | 2 | $515K | 100.0% (very high risk) |
| Estrella Insurance | 2 | $703K | 0.0% (low risk) |
| F45 Training | 2 | $487K | 0.0% (low risk) |
Lending volume by year
1'92
1
3
2
5
4'97
2
3
1
1
3'04
3
5
6
1
1'09
1
1
3
2
4'15
5
5
18
24
13'20
14
12
6
13
7'25
Seacoast National Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
11418.2% (high risk)
100.0% (low risk)
50.0% (low risk)
40.0% (low risk)
40.0% (low risk)
3N/A
30.0% (low risk)
3N/A
30.0% (low risk)
2N/A
Portfolio summary
Total funded$86.7M
Defaults18 of 170
Risk tierELEVATED
Avg rate7.46%
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 Seacoast National Bank originated?
- 170 loans totaling $86.7M. The portfolio carries a 16.7% charge-off rate, earning a “ELEVATED” 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 Seacoast National Bank fund the most?
- The “Top franchise exposures” table above lists the brands Seacoast National 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.