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SBA 7(a) franchise lending portfolio
Security Service FCU
CRITICAL risk
- Total loans
- 30
- Loan volume
- $9.4M
- Avg loan size
- $314K
- Default rate
- 22.2%
- vs 15.4% national avg
Defaults
6
Avg interest
5.77%
Franchises funded
16
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fantastic Sam's | 5 | $740K | 0.0% |
| Econo Lub N Tune | 4 | $193K | 100.0% |
| Massage Envy | 3 | $407K | 0.0% |
| Dream Dinners | 2 | $165K | 100.0% |
| Dunkin Donuts/Baskin-Robbins C | 2 | $1.2M | 0.0% |
| Fantastic Sams | 2 | $373K | 0.0% |
| Jackson Hewitt Tax Service | 2 | $78K | 0.0% |
| Sylvan Learning Centers | 2 | $467K | — |
| Handyman Matters | 1 | $125K | 0.0% |
| LaMar's Donuts | 1 | $1.4M | — |
| Sleep Inn/Sleep Inn & Suites | 1 | $3.4M | 0.0% |
| Great Clips | 1 | $150K | 0.0% |
| Dunkin Donuts | 1 | $369K | 0.0% |
| Brain Balance | 1 | $150K | 0.0% |
| Schakolad Chocolate Factory | 1 | $130K | 0.0% |
| inBalance | 1 | $155K | 0.0% |
Lending volume by year
8'06
5'07
1'10
1'12
2'13
3'14
4'15
3'18
1'19
1'21
1'23
Security Service FCU default rate by loan vintage
BrandNational avg
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%).