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SBA 7(a) franchise lending portfolio
Shoreham Bank
GOOD risk
- Total loans
- 222
- Loan volume
- $537.5M
- Avg loan size
- $2.4M
- Default rate
- 6.1%
- vs 15.4% national avg
Defaults
6
Avg interest
7.43%
Franchises funded
77
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| La Quinta by Wyndham a.k.a. La | 24 | $89.1M | 0.0% |
| Quality Inn by Choice Hotels / | 15 | $44.9M | 16.7% |
| Super 8 by Wyndhan | 14 | $30.1M | 0.0% |
| Red Roof Inn | 12 | $31.4M | 0.0% |
| Best Western - Membership Agre | 12 | $40.2M | 0.0% |
| Holiday Inn Express/Holiday In | 9 | $35.6M | 0.0% |
| Days Inn by Wyndham | 8 | $18.1M | 0.0% |
| American Brake Service | 6 | $567K | 0.0% |
| Baymont by Wyndham aka Baymont | 6 | $16.0M | 0.0% |
| Comfort Suites by Choice Hotel | 6 | $26.0M | 33.3% |
| Fairfield by Marriott/Fairfiel | 5 | $18.9M | 0.0% |
| Blimpie | 4 | $242K | 0.0% |
| Sunoco Service Station | 4 | $2.3M | 66.7% |
| Comfort Inn by Choice Hotels/C | 4 | $16.3M | 0.0% |
| Motel 6 | 4 | $7.6M | 0.0% |
| Rodeway Inn by Choice Hotels/R | 4 | $8.4M | 0.0% |
| AmericInn by Wyndham | 4 | $12.3M | — |
| Citgo Service Station | 3 | $3.0M | 0.0% |
| Bp Express | 3 | $2.4M | 0.0% |
| Country Inn & Suites by Radiss | 3 | $8.8M | 0.0% |
Lending volume by year
3'93
2
9
5
2
4'98
1
2
2
1
2'06
4
8
6
1
2'13
2
6
14
14
33'21
30
24
23
18
4'26
Shoreham Bank default rate by loan vintage
BrandNational avg
Geographic exposure
350.0%
3118.2%
200.0%
1911.1%
1114.3%
100.0%
916.7%
90.0%
90.0%
90.0%
Portfolio summary
Total funded$537.5M
Defaults6 of 222
Risk tierGOOD
Avg rate7.43%
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%).