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SBA 7(a) franchise lending portfolio
SmartBank
EXCELLENT risk
- Total loans
- 26
- Loan volume
- $20.3M
- Avg loan size
- $782K
- Default rate
- 4.2%
- vs 15.4% national avg
Defaults
1
Avg interest
6.03%
Franchises funded
22
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hampton Inns | 2 | $5.9M | 0.0% |
| Health Mart Inc. | 2 | $115K | 0.0% |
| Super 8 Motel | 2 | $3.0M | 0.0% |
| Precision Tune | 2 | $380K | 0.0% |
| True Value Hardware | 1 | $350K | 0.0% |
| Midas Muffler Shop | 1 | $253K | 0.0% |
| Mr. Transmission | 1 | $60K | 0.0% |
| Days Inn | 1 | $1.3M | 0.0% |
| Plato's Closet | 1 | $100K | 0.0% |
| Mainstay Suites | 1 | $1.3M | 0.0% |
| Sonic | 1 | $250K | 0.0% |
| Knights Inn | 1 | $1.1M | 0.0% |
| Pigtails & Crewcuts | 1 | $150K | 0.0% |
| Froyoz Frozen Yogurt | 1 | $50K | 100.0% |
| GNC | 1 | $420K | 0.0% |
| The UPS Store | 1 | $55K | 0.0% |
| L.A. Bikini | 1 | $210K | 0.0% |
| Salons By Jc | 1 | $359K | 0.0% |
| Sargo's Subs | 1 | $2.0M | 0.0% |
| Red Roof Inn | 1 | $1.2M | — |
Lending volume by year
1'94
1'95
1'97
1'02
2'03
1'04
3'05
1'08
4'10
1'11
2'12
3'13
1'16
1'17
2'18
1'22
SmartBank 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%).