SB
SBA 7(a) franchise lending portfolio
Shoreham Bank
Risk rating: Good
- Total loans
- 222
- Loan volume
- $537.5M
- Avg loan size
- $2.4M
- Charge-off rate
- 6.1%
- vs 16.0% national
Charged off
6
Avg interest
7.43%
Franchises funded
77
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| La Quinta by Wyndham a.k.a. La | 24 | $89.1M | N/A |
| Quality Inn by Choice Hotels / | 15 | $44.9M | N/A |
| Super 8 by Wyndhan | 14 | $30.1M | N/A |
| Red Roof Inn | 12 | $31.4M | N/A |
| Best Western - Membership Agre | 12 | $40.2M | N/A |
| Holiday Inn Express/Holiday In | 9 | $35.6M | N/A |
| Days Inn by Wyndham | 8 | $18.1M | N/A |
| American Brake Service | 6 | $567K | N/A |
| Baymont by Wyndham aka Baymont | 6 | $16.0M | N/A |
| Comfort Suites by Choice Hotel | 6 | $26.0M | N/A |
| Fairfield by Marriott/Fairfiel | 5 | $18.9M | N/A |
| Blimpie | 4 | $242K | N/A |
| Sunoco Service Station | 4 | $2.3M | N/A |
| Comfort Inn by Choice Hotels/C | 4 | $16.3M | N/A |
| Motel 6 | 4 | $7.6M | N/A |
| Rodeway Inn by Choice Hotels/R | 4 | $8.4M | N/A |
| AmericInn by Wyndham | 4 | $12.3M | N/A |
| Citgo Service Station | 3 | $3.0M | N/A |
| Bp Express | 3 | $2.4M | N/A |
| Country Inn & Suites by Radiss | 3 | $8.8M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1993 | 3 |
| FY1994 | 2 |
| FY1995 | 9 |
| FY1996 | 5 |
| FY1997 | 2 |
| FY1998 | 4 |
| FY2000 | 1 |
| FY2002 | 2 |
| FY2004 | 2 |
| FY2005 | 1 |
| FY2006 | 2 |
| FY2007 | 4 |
| FY2008 | 8 |
| FY2009 | 6 |
| FY2010 | 1 |
| FY2013 | 2 |
| FY2016 | 2 |
| FY2018 | 6 |
| FY2019 | 14 |
| FY2020 | 14 |
| FY2021 | 33 |
| FY2022 | 30 |
| FY2023 | 24 |
| FY2024 | 23 |
| FY2025 | 18 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
Shoreham Bank: highest rate in the 2019 loan year, 20.0%
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 |
|---|---|---|---|
| 1993 | 3 | 0 | Too few |
| 1995 | 9 | 1 | Too few |
| 1996 | 5 | 0 | Too few |
| 1998 | 4 | 0 | Too few |
| 2008 | 8 | 1 | Too few |
| 2009 | 6 | 0 | Too few |
| 2018 | 4 | 0 | Too few |
| 2019 | 10 | 2 | 20.0% |
| 2020 | 6 | 0 | Too early |
| 2021 | 18 | 0 | 0.0% |
| 2022 | 7 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
350.0% (excellent)
3118.2% (elevated)
200.0% (excellent)
1911.1% (average)
1114.3% (average)
100.0% (excellent)
9N/A
9N/A
9N/A
9N/A
Portfolio summary
Total funded$537.5M
Charged off6 of 222
Risk tierGood
Avg rate7.43%
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 Shoreham Bank originated?
- 222 loans totaling $537.5M. The portfolio carries a 6.1% charge-off rate, earning a “Good” 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. Shoreham Bank's rate of 6.1% is below 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 Shoreham Bank fund the most?
- The “Top franchise exposures” table above lists the brands Shoreham 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.