SS
SBA 7(a) franchise lending portfolio
Security State Bank and Trust
ELEVATED risk
- Total loans
- 40
- Loan volume
- $22.8M
- Avg loan size
- $569K
- Charge-off rate
- 16.7%
- vs 15.4% national avg
Defaults
2
Avg interest
7.14%
Franchises funded
25
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| iCRYO Franchise System LLC | 6 | $6.7M | N/A |
| Subway Sandwich Shop | 4 | $365K | 0.0% (low risk) |
| AAMCO Transmissions | 3 | $1.2M | N/A |
| NobiliTea | 3 | $1.3M | N/A |
| Club Pilates | 2 | $569K | N/A |
| Wingstop | 2 | $744K | N/A |
| Chick N Max | 2 | $979K | N/A |
| Bahama Buck's | 1 | $290K | 100.0% (very high risk) |
| Dippin Dots | 1 | $36K | 0.0% (low risk) |
| The Pita Pit | 1 | $323K | 0.0% (low risk) |
| Rebath Of Nh | 1 | $120K | 100.0% (very high risk) |
| iTrip Vacations | 1 | $132K | 0.0% (low risk) |
| The Joint...The Chiropractic P | 1 | $320K | 0.0% (low risk) |
| Tea 2 Go | 1 | $469K | N/A |
| YogaSix | 1 | $389K | 0.0% (low risk) |
| F45 Training | 1 | $218K | N/A |
| Napa AutoCare Program Membersh | 1 | $636K | N/A |
| 9Round | 1 | $217K | N/A |
| Marco's Pizza | 1 | $966K | N/A |
| Fastest Labs | 1 | $403K | N/A |
Lending volume by year
1'94
1'99
2'03
1'04
1'06
1'10
1'15
1'20
10'21
6'22
4'23
8'24
2'25
1'26
Geographic exposure
4016.7% (high risk)
Portfolio summary
Total funded$22.8M
Defaults2 of 40
Risk tierELEVATED
Avg rate7.14%
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 Security State Bank and Trust originated?
- 40 loans totaling $22.8M. 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 Security State Bank and Trust fund the most?
- The “Top franchise exposures” table above lists the brands Security State Bank and Trust has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.