SB
SBA 7(a) franchise lending portfolio
Southern Bancorp Bank
CRITICAL risk
- Total loans
- 35
- Loan volume
- $26.1M
- Avg loan size
- $744K
- Charge-off 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 | N/A |
| Subway Sandwich Shop | 6 | $1.0M | 0.0% (low risk) |
| Huddle House | 2 | $282K | 100.0% (very high risk) |
| Church's Fried Chicken | 1 | $360K | 100.0% (very high risk) |
| Discount Imaging Of Memphis | 1 | $35K | 0.0% (low risk) |
| Pizza For Less | 1 | $62K | 100.0% (very high risk) |
| Mail Boxes Etc. Usa | 1 | $134K | 0.0% (low risk) |
| Comet One-Hour Dry Cleaners | 1 | $500K | 0.0% (low risk) |
| Grease Monkey | 1 | $518K | N/A |
| StretchMed | 1 | $175K | N/A |
| Goosehead Insurance | 1 | $68K | 0.0% (low risk) |
| Once Upon A Child | 1 | $680K | N/A |
| The Lash Lounge | 1 | $483K | N/A |
| Pirtek | 1 | $350K | N/A |
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
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 Southern Bancorp Bank originated?
- 35 loans totaling $26.1M. The portfolio carries a 28.6% 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 Southern Bancorp Bank fund the most?
- The “Top franchise exposures” table above lists the brands Southern Bancorp Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.