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SBA 7(a) franchise lending portfolio
SouthStar Bank, S.S.B.
CRITICAL risk
- Total loans
- 10
- Loan volume
- $9.5M
- Avg loan size
- $947K
- Default rate
- 33.3%
- vs 15.4% national avg
Defaults
1
Avg interest
6.78%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Line-X | 3 | $3.7M | — |
| Souper Salad/Souper Fresh | 1 | $100K | 0.0% |
| Interstate All Battery Center | 1 | $176K | 100.0% |
| Minuteman Press | 1 | $189K | 0.0% |
| Title Boxing Club | 1 | $94K | — |
| Sit Still Kids Salon | 1 | $183K | — |
| Pinnacle Montessori Academy | 1 | $4.8M | — |
| Rolling Suds | 1 | $200K | — |
Lending volume by year
1'13
2'14
1'19
3'20
1'21
2'23
Geographic exposure
1033.3%
Portfolio summary
Total funded$9.5M
Defaults1 of 10
Risk tierCRITICAL
Avg rate6.78%
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%).