SBA 7(a) franchise lending portfolio
Seacoast National Bank
- Total loans
- 170
- Loan volume
- $86.7M
- Avg loan size
- $510K
- Charge-off rate
- 16.7%
- vs 16.0% national
Charged off
18
Avg interest
7.46%
Franchises funded
113
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Domino's | 12 | $10.4M | N/A |
| Hotworx | 9 | $3.1M | N/A |
| Planet Smoothie | 6 | $1.3M | N/A |
| Smoothie King | 6 | $2.1M | N/A |
| Mail Boxes Etc. Usa | 4 | $655K | N/A |
| Dairy Queen | 3 | $528K | N/A |
| Zaxby's | 3 | $2.8M | N/A |
| NYPD Pizza | 3 | $1.6M | N/A |
| The Goddard School | 3 | $6.7M | N/A |
| Cookies By Design | 2 | $600K | N/A |
| Dunkin Donuts | 2 | $935K | N/A |
| Homes & Land (magazine) | 2 | $873K | N/A |
| AAMCO Transmissions | 2 | $317K | N/A |
| Rita's Real Italian Water Ice | 2 | $143K | N/A |
| Subway Sandwich Shop | 2 | $984K | N/A |
| Huey Magoo's Chicken Tenders | 2 | $1.5M | N/A |
| MaidPro | 2 | $515K | N/A |
| Estrella Insurance | 2 | $703K | N/A |
| F45 Training | 2 | $487K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 1 |
| FY1994 | 3 |
| FY1995 | 2 |
| FY1996 | 5 |
| FY1997 | 4 |
| FY1998 | 2 |
| FY1999 | 3 |
| FY2001 | 1 |
| FY2002 | 1 |
| FY2004 | 3 |
| FY2005 | 3 |
| FY2006 | 5 |
| FY2007 | 6 |
| FY2008 | 1 |
| FY2009 | 1 |
| FY2010 | 1 |
| FY2011 | 1 |
| FY2013 | 3 |
| FY2014 | 2 |
| FY2015 | 4 |
| FY2016 | 5 |
| FY2017 | 5 |
| FY2018 | 18 |
| FY2019 | 24 |
| FY2020 | 13 |
| FY2021 | 14 |
| FY2022 | 12 |
| FY2023 | 6 |
| FY2024 | 13 |
| FY2025 | 7 |
SBA 7(a) · charge-off rate by approval year
Seacoast National Bank: above all franchise loans in each of the 3 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1994 | 3 | 0 | Too few |
| 1996 | 5 | 1 | Too few |
| 1997 | 4 | 0 | Too few |
| 1999 | 3 | 0 | Too few |
| 2004 | 3 | 0 | Too few |
| 2005 | 3 | 1 | Too few |
| 2006 | 5 | 1 | Too few |
| 2007 | 5 | 4 | Too few |
| 2013 | 3 | 1 | Too few |
| 2015 | 4 | 1 | Too few |
| 2016 | 3 | 0 | Too few |
| 2017 | 4 | 0 | Too few |
| 2018 | 10 | 2 | 20.0% |
| 2019 | 14 | 2 | 14.3% |
| 2020 | 7 | 1 | Too early |
| 2021 | 10 | 1 | 10.0% |
| 2022 | 3 | 1 | Too early |
| 2023 | 3 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Seacoast National Bank's rate of 16.7% is near the national rate.
- 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.