SB
SBA 7(a) franchise lending portfolio
SoFi Bank, National Association
CRITICAL risk
- Total loans
- 26
- Loan volume
- $12.7M
- Avg loan size
- $489K
- Charge-off 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% (low risk) |
| Jimboy's Tacos | 2 | $2.1M | 50.0% (very high risk) |
| Us Cryotherapy | 2 | $577K | 0.0% (low risk) |
| Shell Service Station | 2 | $2.5M | N/A |
| Wild Birds Unlimited | 2 | $50K | 0.0% (low risk) |
| Round Table Pizza | 1 | $175K | 0.0% (low risk) |
| Rico's Pizza | 1 | $55K | 0.0% (low risk) |
| Floor To Go | 1 | $100K | 100.0% (very high risk) |
| Pot Belly Deli | 1 | $150K | 100.0% (very high risk) |
| Pip Printing | 1 | $80K | 100.0% (very high risk) |
| Doctors Express | 1 | $550K | 0.0% (low risk) |
| Extramile | 1 | $3.4M | 0.0% (low risk) |
| The UPS Store | 1 | $400K | 0.0% (low risk) |
| European Wax Center | 1 | $471K | 0.0% (low risk) |
| Sports Clips | 1 | $100K | 0.0% (low risk) |
| Burgerim | 1 | $580K | 100.0% (very high risk) |
| Subway | 1 | $300K | 0.0% (low risk) |
| Edible Arrangements | 1 | $278K | 0.0% (low risk) |
| Ameriprise Financial | 1 | $150K | 0.0% (low risk) |
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 charge-off 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
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 SoFi Bank, National Association originated?
- 26 loans totaling $12.7M. The portfolio carries a 20.8% charge-off rate, earning a “CRITICAL” 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 SoFi Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands SoFi Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.