SB
SBA 7(a) franchise lending portfolio
Southside Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $1.9M
- Avg loan size
- $162K
- Charge-off 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% (very high risk) |
| Play It Again Sports (retail S | 1 | $100K | 0.0% (low risk) |
| Matco Tools (rent Tools) | 1 | $97K | 100.0% (very high risk) |
| Fastserv | 1 | $30K | 0.0% (low risk) |
| Simple Simon's Pizza | 1 | $50K | 100.0% (very high risk) |
| Einstien Bros Bagels | 1 | $720K | 0.0% (low risk) |
| Wings To Go | 1 | $150K | 100.0% (very high risk) |
| Fastsigns | 1 | $100K | 0.0% (low risk) |
| Philly Connection | 1 | $135K | 100.0% (very high risk) |
| Hobbytown Usa | 1 | $183K | 0.0% (low risk) |
| Servpro | 1 | $125K | 0.0% (low risk) |
| Jersey Mike's (deli Restaurant | 1 | $150K | 0.0% (low risk) |
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% (very high risk)
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
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 Southside Bank originated?
- 12 loans totaling $1.9M. The portfolio carries a 41.7% 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 Southside Bank fund the most?
- The “Top franchise exposures” table above lists the brands Southside 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.