SM
SBA 7(a) franchise lending portfolio
SMBC MANUBANK
AVERAGE risk
- Total loans
- 57
- Loan volume
- $20.7M
- Avg loan size
- $363K
- Charge-off rate
- 12.2%
- vs 15.4% national avg
Defaults
5
Avg interest
6.45%
Franchises funded
30
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway | 11 | $2.2M | 22.2% (very high risk) |
| Blaze Pizza | 9 | $5.9M | 0.0% (low risk) |
| Subway | 4 | $878K | 0.0% (low risk) |
| Waba Grill Teriyaki House | 3 | $676K | 0.0% (low risk) |
| The Flame Broiler | 3 | $561K | 33.3% (very high risk) |
| The Pizza Press | 2 | $690K | 0.0% (low risk) |
| Menchie's | 2 | $502K | 0.0% (low risk) |
| Curves For Women | 1 | $67K | 0.0% (low risk) |
| Homewatch Caregivers | 1 | $60K | 100.0% (very high risk) |
| Cartridge World | 1 | $125K | 100.0% (very high risk) |
| Vert Peak Fitness Center | 1 | $110K | 0.0% (low risk) |
| Massage Envy | 1 | $395K | 0.0% (low risk) |
| Pinkberry | 1 | $149K | 0.0% (low risk) |
| The Pie Hole | 1 | $240K | 0.0% (low risk) |
| Nurse Next Door | 1 | $205K | N/A |
| Massage Envy | 1 | $259K | 0.0% (low risk) |
| Earl of Sandwich | 1 | $302K | 0.0% (low risk) |
| Blaze Pizza | 1 | $675K | N/A |
| Del Taco | 1 | $345K | N/A |
| Dickey's Barbecue Pit | 1 | $150K | 0.0% (low risk) |
Lending volume by year
1'05
3'06
1'10
1'13
2'14
5'15
10'16
13'17
12'18
6'19
1'21
1'22
1'23
SMBC MANUBANK charge-off rate by loan vintage
BrandNational avg
Geographic exposure
5712.2% (elevated risk)
Portfolio summary
Total funded$20.7M
Defaults5 of 57
Risk tierAVERAGE
Avg rate6.45%
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 SMBC MANUBANK originated?
- 57 loans totaling $20.7M. The portfolio carries a 12.2% 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). 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 SMBC MANUBANK fund the most?
- The “Top franchise exposures” table above lists the brands SMBC MANUBANK has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.