![Somerset Regal Bank logo](https://cdn.brandfetch.io/somersetregalbank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Somerset Regal Bank
EXCELLENT risk
- Total loans
- 11
- Loan volume
- $4.4M
- Avg loan size
- $398K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.68%
Franchises funded
7
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Manhattan Bagel | 3 | $1.1M | 0.0% |
| Manhattan Bagel | 2 | $650K | 0.0% |
| The Learning Experience | 2 | $700K | — |
| Dunkin' Donuts | 1 | $1.3M | 0.0% |
| Einstein Bros. Bagels | 1 | $350K | 0.0% |
| Manhattan Bagel Co. | 1 | $250K | 0.0% |
| Philly Pretzel Factory | 1 | $130K | — |
Lending volume by year
1'12
3'14
1'15
2'16
1'18
1'22
1'23
1'24
Geographic exposure
100.0%
10.0%
Portfolio summary
Total funded$4.4M
Defaults0 of 11
Risk tierEXCELLENT
Avg rate6.68%
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%).