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SBA 7(a) franchise lending portfolio
Southern Bancorp Bank
CRITICAL risk
- Total loans
- 35
- Loan volume
- $26.1M
- Avg loan size
- $744K
- Default rate
- 28.6%
- vs 15.4% national avg
Defaults
4
Avg interest
6.95%
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The Goddard School | 16 | $21.4M | — |
| Subway Sandwich Shop | 6 | $1.0M | 0.0% |
| Huddle House | 2 | $282K | 100.0% |
| Church's Fried Chicken | 1 | $360K | 100.0% |
| Discount Imaging Of Memphis | 1 | $35K | 0.0% |
| Pizza For Less | 1 | $62K | 100.0% |
| Mail Boxes Etc. Usa | 1 | $134K | 0.0% |
| Comet One-Hour Dry Cleaners | 1 | $500K | 0.0% |
| Grease Monkey | 1 | $518K | — |
| StretchMed | 1 | $175K | — |
| Goosehead Insurance | 1 | $68K | 0.0% |
| Once Upon A Child | 1 | $680K | — |
| The Lash Lounge | 1 | $483K | — |
| Pirtek | 1 | $350K | — |
Lending volume by year
1'94
2'96
1'97
2'98
4'00
1'01
1'04
1'06
1'19
1'20
4'21
4'22
3'23
5'24
3'25
1'26
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%).