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SBA 7(a) franchise lending portfolio
Sound Credit Union
CRITICAL risk
- Total loans
- 24
- Loan volume
- $11.6M
- Avg loan size
- $484K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
4
Avg interest
6.19%
Franchises funded
20
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jimmy John's | 5 | $2.8M | 0.0% |
| Quiznos | 1 | $188K | 100.0% |
| Subway Sandwich Shop | 1 | $158K | 0.0% |
| Round Table Pizza | 1 | $256K | 100.0% |
| Val Pak | 1 | $80K | 0.0% |
| Dairy Queen | 1 | $356K | 0.0% |
| Wetzel's Pretzel | 1 | $286K | 100.0% |
| Sub Shop | 1 | $112K | 0.0% |
| Curves For Women | 1 | $250K | 100.0% |
| Garlic Jim's Famous Gourmet Pi | 1 | $140K | 0.0% |
| Abbey Carpet & Floor | 1 | $25K | 0.0% |
| Fastsigns | 1 | $60K | 0.0% |
| Sizzler | 1 | $1.9M | 0.0% |
| Orange Theory Fitness | 1 | $150K | 0.0% |
| Valpak | 1 | $551K | — |
| Real Property Management | 1 | $323K | 0.0% |
| Chevron - Retail Supply Contra | 1 | $2.3M | — |
| Jimmy John's | 1 | $635K | — |
| Fit Body Boot Camp | 1 | $30K | 0.0% |
| Anytime Fitness | 1 | $963K | — |
Lending volume by year
1'03
1'07
5'08
2'09
1'10
1'15
3'16
4'17
1'18
1'19
1'20
1'21
1'23
1'24
Sound Credit Union default rate by loan vintage
BrandNational avg
Geographic exposure
2420.0%
Portfolio summary
Total funded$11.6M
Defaults4 of 24
Risk tierCRITICAL
Avg rate6.19%
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%).