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SBA 7(a) franchise lending portfolio
Southern Bank
AVERAGE risk
- Total loans
- 93
- Loan volume
- $38.8M
- Avg loan size
- $417K
- Default rate
- 12.3%
- vs 15.4% national avg
Defaults
8
Avg interest
6.56%
Franchises funded
63
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Massage LuXe | 6 | $3.3M | 0.0% |
| Dairy Queen | 3 | $1.5M | 0.0% |
| Tropical Smoothie Cafe | 3 | $1.6M | 0.0% |
| 9round | 3 | $362K | 0.0% |
| Lapels Dry Cleaning | 3 | $1.8M | 50.0% |
| K-9 Resorts Daycare & Luxury H | 3 | $3.5M | — |
| Freshii | 2 | $831K | 0.0% |
| Little Ceasar's Pizza | 2 | $190K | 0.0% |
| Dunkin Donuts/Baskin-Robbins C | 2 | $1.3M | 0.0% |
| The Little Gym | 2 | $1.0M | — |
| Floyd's 99 Barbershop | 2 | $728K | — |
| Massage Luxe | 2 | $1.1M | 0.0% |
| Gyroville | 2 | $531K | 0.0% |
| Subway | 2 | $297K | 0.0% |
| Imo's Pizza | 2 | $487K | 0.0% |
| Smoothie King | 2 | $709K | 0.0% |
| Oxi Fresh Carpet Cleaning | 2 | $100K | 0.0% |
| Glo Tanning | 2 | $689K | 0.0% |
| Kanga's Indoor Playcenters | 2 | $726K | — |
| Monster Tree Service | 2 | $600K | 0.0% |
Lending volume by year
2'97
1'00
1'02
2'04
2'07
4'08
2'09
2'10
3'11
2'13
4'14
6'15
6'16
7'17
6'18
13'19
10'20
12'21
7'22
1'26
Southern Bank default rate by loan vintage
BrandNational avg
Geographic exposure
4316.7%
1211.1%
100.0%
916.7%
20.0%
2—
20.0%
20.0%
20.0%
1—
Portfolio summary
Total funded$38.8M
Defaults8 of 93
Risk tierAVERAGE
Avg rate6.56%
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%).