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SBA 7(a) franchise lending portfolio
SoFi Bank, National Association
CRITICAL risk
- Total loans
- 26
- Loan volume
- $12.7M
- Avg loan size
- $489K
- Default rate
- 20.8%
- vs 15.4% national avg
Defaults
5
Avg interest
6.16%
Franchises funded
19
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Quiznos | 4 | $565K | 0.0% |
| Jimboy's Tacos | 2 | $2.1M | 50.0% |
| Us Cryotherapy | 2 | $577K | 0.0% |
| Shell Service Station | 2 | $2.5M | — |
| Wild Birds Unlimited | 2 | $50K | 0.0% |
| Round Table Pizza | 1 | $175K | 0.0% |
| Rico's Pizza | 1 | $55K | 0.0% |
| Floor To Go | 1 | $100K | 100.0% |
| Pot Belly Deli | 1 | $150K | 100.0% |
| Pip Printing | 1 | $80K | 100.0% |
| Doctors Express | 1 | $550K | 0.0% |
| Extramile | 1 | $3.4M | 0.0% |
| The UPS Store | 1 | $400K | 0.0% |
| European Wax Center | 1 | $471K | 0.0% |
| Sports Clips | 1 | $100K | 0.0% |
| Burgerim | 1 | $580K | 100.0% |
| Subway | 1 | $300K | 0.0% |
| Edible Arrangements | 1 | $278K | 0.0% |
| Ameriprise Financial | 1 | $150K | 0.0% |
Lending volume by year
2'95
1'01
3'03
4'04
3'12
2'13
2'14
3'15
4'16
1'17
1'18
SoFi Bank, National Association default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$12.7M
Defaults5 of 26
Risk tierCRITICAL
Avg rate6.16%
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%).