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SBA 7(a) franchise lending portfolio
Southern Bank and Trust Company
ELEVATED risk
- Total loans
- 29
- Loan volume
- $6.8M
- Avg loan size
- $235K
- Default rate
- 16.7%
- vs 15.4% national avg
Defaults
4
Avg interest
5.57%
Franchises funded
22
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 3 | $562K | 0.0% |
| Tropical Smoothie | 3 | $760K | 0.0% |
| Quiznos | 2 | $185K | 0.0% |
| Play N Trade | 2 | $220K | 0.0% |
| Dunkin Donuts | 2 | $790K | 0.0% |
| Zero's | 1 | $57K | 100.0% |
| Chesapeake Bagel Bakery | 1 | $392K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $120K | 0.0% |
| Grand Rental Station | 1 | $190K | 100.0% |
| Great Wraps | 1 | $200K | 0.0% |
| Minuteman Press | 1 | $150K | 0.0% |
| Anytime Fitness | 1 | $85K | 0.0% |
| Usa Baby | 1 | $454K | 100.0% |
| Dream Dinners | 1 | $250K | 100.0% |
| Ace Hardware | 1 | $225K | — |
| Cold Stone Creamery | 1 | $345K | — |
| Popeyes Louisiana Kitchen | 1 | $100K | 0.0% |
| Popeye's Famous Fried Chicken | 1 | $285K | 0.0% |
| Ace Hardware | 1 | $700K | 0.0% |
| Superior Fence and Rail | 1 | $309K | — |
Lending volume by year
1'96
1'97
2'03
1'04
2'05
4'06
3'07
3'08
2'09
2'11
1'12
1'13
1'14
2'19
1'22
2'26
Southern Bank and Trust Company default rate by loan vintage
BrandNational avg
Geographic exposure
1825.0%
110.0%
Portfolio summary
Total funded$6.8M
Defaults4 of 29
Risk tierELEVATED
Avg rate5.57%
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%).