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SBA 7(a) franchise lending portfolio
SmartBank
EXCELLENT risk
- Total loans
- 26
- Loan volume
- $20.3M
- Avg loan size
- $782K
- Charge-off 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% (low risk) |
| Health Mart Inc. | 2 | $115K | 0.0% (low risk) |
| Super 8 Motel | 2 | $3.0M | 0.0% (low risk) |
| Precision Tune | 2 | $380K | 0.0% (low risk) |
| True Value Hardware | 1 | $350K | 0.0% (low risk) |
| Midas Muffler Shop | 1 | $253K | 0.0% (low risk) |
| Mr. Transmission | 1 | $60K | 0.0% (low risk) |
| Days Inn | 1 | $1.3M | 0.0% (low risk) |
| Plato's Closet | 1 | $100K | 0.0% (low risk) |
| Mainstay Suites | 1 | $1.3M | 0.0% (low risk) |
| Sonic | 1 | $250K | 0.0% (low risk) |
| Knights Inn | 1 | $1.1M | 0.0% (low risk) |
| Pigtails & Crewcuts | 1 | $150K | 0.0% (low risk) |
| Froyoz Frozen Yogurt | 1 | $50K | 100.0% (very high risk) |
| GNC | 1 | $420K | 0.0% (low risk) |
| The UPS Store | 1 | $55K | 0.0% (low risk) |
| L.A. Bikini | 1 | $210K | 0.0% (low risk) |
| Salons By Jc | 1 | $359K | 0.0% (low risk) |
| Sargo's Subs | 1 | $2.0M | 0.0% (low risk) |
| Red Roof Inn | 1 | $1.2M | N/A |
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 charge-off rate by loan vintage
BrandNational avg
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 SmartBank originated?
- 26 loans totaling $20.3M. The portfolio carries a 4.2% charge-off rate, earning a “EXCELLENT” 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 SmartBank fund the most?
- The “Top franchise exposures” table above lists the brands SmartBank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.