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FranchiseVerdict

SBA 7(a) franchise lending portfolio

Simmons Bank

Risk rating: Average
Total loans
1,888
Loan volume
$616.6M
Avg loan size
$327K
Charge-off rate
13.6%
vs 16.0% national

Charged off

215

Avg interest

6.26%

Franchises funded

424

Risk rating

Average

Top franchise exposures

FranchiseLoansVolumeCharge-off %
Sport Clips330$66.8M6.0% (good)
European Wax Center236$82.7M2.0% (excellent)
Amazing Lash Studio95$36.7M16.9% (elevated)
Club Pilates77$18.6M0.0% (excellent)
The Joint...The Chiropractic P62$13.3M6.7% (good)
Servpro41$9.3M0.0% (excellent)
Massage Heights31$9.2M17.2% (elevated)
SportClips24$5.4M10.0% (average)
Massage Envy20$8.1M11.1% (average)
Subway Sandwich Shop19$2.9M26.3% (high risk)
New York Bagel Shop & Delicate18$2.5M44.4% (high risk)
European Wax Centers-Galleria18$4.8M0.0% (excellent)
Modern Acupuncture16$4.6M27.3% (high risk)
Orange Theory Fitness15$7.2M0.0% (excellent)
Wingstop14$4.8M0.0% (excellent)

SBA 7(a) · charge-off rate by approval year

Simmons Bank: above all franchise loans in 16 of 27 rated years

Simmons Bank: above all franchise loans in 16 of 27 rated yearsSimmons Bank charge-off rate by loan vintage. 31 approval years, 1992 to 2022; the 27 with at least 10 resolved loans are plotted, against all franchise loans approved the same year. Their rates run from 0.0% to 58.3%.

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
YearResolvedCharged offRate
199250Too few
199360Too few
19941516.7%
199516743.8%
199617211.8%
199712216.7%
199812758.3%
199915533.3%
200082Too few
200110330.0%
200221628.6%
20031218.3%
20041417.1%
20052328.7%
200619842.1%
2007261038.5%
200822313.6%
200947612.8%
2010771013.0%
20113937.7%
20127045.7%
20136957.2%
20141371410.2%
2015214219.8%
20161772715.3%
20171982713.6%
20181662716.3%
20199588.4%
202026311.5%
20211400.0%
202240Too 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

Texas
54716.9% (elevated)
Missouri
16721.2% (high risk)
California
16210.3% (average)
Florida
9511.5% (average)
Arkansas
7710.0% (average)
Tennessee
7220.0% (high risk)
Illinois
695.2% (good)
Oklahoma
6615.6% (elevated)
Georgia
628.3% (good)
Arizona
570.0% (excellent)

Portfolio summary

Total funded$616.6M
Charged off215 of 1,888
Risk tierAverage
Avg rate6.26%

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 Simmons Bank originated?
1,888 loans totaling $616.6M. The portfolio carries a 13.6% charge-off rate, earning a “Average” 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. Simmons Bank's rate of 13.6% 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 Simmons Bank fund the most?
The “Top franchise exposures” table above lists the brands Simmons 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.