SB
SBA 7(a) franchise lending portfolio
Southern Bank
Risk rating: Average
- Total loans
- 93
- Loan volume
- $38.8M
- Avg loan size
- $417K
- Charge-off rate
- 12.3%
- vs 16.0% national
Charged off
8
Avg interest
6.56%
Franchises funded
63
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Massage LuXe | 8 | $4.4M | N/A |
| Dairy Queen | 3 | $1.5M | N/A |
| Tropical Smoothie Cafe | 3 | $1.6M | N/A |
| 9round | 3 | $362K | N/A |
| Lapels Dry Cleaning | 3 | $1.8M | N/A |
| K-9 Resorts Daycare & Luxury H | 3 | $3.5M | N/A |
| Freshii | 2 | $831K | N/A |
| Little Ceasar's Pizza | 2 | $190K | N/A |
| Dunkin Donuts/Baskin-Robbins C | 2 | $1.3M | N/A |
| The Little Gym | 2 | $1.0M | N/A |
| Floyd's 99 Barbershop | 2 | $728K | N/A |
| Gyroville | 2 | $531K | N/A |
| Subway | 2 | $297K | N/A |
| Imo's Pizza | 2 | $487K | N/A |
| Smoothie King | 2 | $709K | N/A |
| Oxi Fresh Carpet Cleaning | 2 | $100K | N/A |
| Glo Tanning | 2 | $689K | N/A |
| Kanga's Indoor Playcenters | 2 | $726K | N/A |
| Monster Tree Service | 2 | $600K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1997 | 2 |
| FY2000 | 1 |
| FY2002 | 1 |
| FY2004 | 2 |
| FY2007 | 2 |
| FY2008 | 4 |
| FY2009 | 2 |
| FY2010 | 2 |
| FY2011 | 3 |
| FY2013 | 2 |
| FY2014 | 4 |
| FY2015 | 6 |
| FY2016 | 6 |
| FY2017 | 7 |
| FY2018 | 6 |
| FY2019 | 13 |
| FY2020 | 10 |
| FY2021 | 12 |
| FY2022 | 7 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Southern Bank charge-off rate by loan vintage
None of these 10 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2008 | 4 | 1 | Too few |
| 2011 | 3 | 2 | Too few |
| 2014 | 4 | 0 | Too few |
| 2015 | 6 | 1 | Too few |
| 2016 | 5 | 0 | Too few |
| 2017 | 7 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 5 | 0 | Too few |
| 2020 | 8 | 0 | Too early |
| 2021 | 6 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
4316.7% (elevated)
1211.1% (average)
100.0% (excellent)
9N/A
2N/A
2N/A
2N/A
2N/A
2N/A
1N/A
Portfolio summary
Total funded$38.8M
Charged off8 of 93
Risk tierAverage
Avg rate6.56%
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 Bank originated?
- 93 loans totaling $38.8M. The portfolio carries a 12.3% charge-off rate, earning a “Average” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Southern Bank's rate of 12.3% is below the national rate.
- 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 Bank fund the most?
- The “Top franchise exposures” table above lists the brands Southern 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.