![Southside Bank logo](https://cdn.brandfetch.io/southsidebank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Southside Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $1.9M
- Avg loan size
- $162K
- Default rate
- 41.7%
- vs 15.4% national avg
Defaults
5
Avg interest
6.00%
Franchises funded
12
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Meineke Car Care | 1 | $100K | 100.0% |
| Play It Again Sports (retail S | 1 | $100K | 0.0% |
| Matco Tools (rent Tools) | 1 | $97K | 100.0% |
| Fastserv | 1 | $30K | 0.0% |
| Simple Simon's Pizza | 1 | $50K | 100.0% |
| Einstien Bros Bagels | 1 | $720K | 0.0% |
| Wings To Go | 1 | $150K | 100.0% |
| Fastsigns | 1 | $100K | 0.0% |
| Philly Connection | 1 | $135K | 100.0% |
| Hobbytown Usa | 1 | $183K | 0.0% |
| Servpro | 1 | $125K | 0.0% |
| Jersey Mike's (deli Restaurant | 1 | $150K | 0.0% |
Lending volume by year
1'95
1'96
1'99
1'01
1'02
1'03
4'04
1'05
1'09
Geographic exposure
1241.7%
Portfolio summary
Total funded$1.9M
Defaults5 of 12
Risk tierCRITICAL
Avg rate6.00%
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%).