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SBA 7(a) franchise lending portfolio
SouthState Bank, National Association
AVERAGE risk
- Total loans
- 942
- Loan volume
- $608.0M
- Avg loan size
- $645K
- Default rate
- 10.4%
- vs 15.4% national avg
Defaults
65
Avg interest
6.51%
Franchises funded
457
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Allstate Insurance | 28 | $15.3M | 3.7% |
| Christian Brothers Automotive | 26 | $10.6M | 0.0% |
| Subway Sandwich Shop | 22 | $4.6M | 9.1% |
| The Joint...The Chiropractic P | 18 | $6.8M | 0.0% |
| Tropical Smoothie Cafe | 15 | $8.0M | 0.0% |
| Firehouse Subs | 14 | $6.5M | 0.0% |
| Primrose Schools | 12 | $24.8M | 0.0% |
| Your Pie | 12 | $5.8M | 12.5% |
| Fastsigns | 11 | $2.6M | 33.3% |
| Quiznos | 11 | $1.6M | 27.3% |
| Tint World | 11 | $4.2M | 0.0% |
| Comfort/ Comfort Inn & Suites/ | 10 | $27.5M | 0.0% |
| Dogtopia | 10 | $8.4M | 0.0% |
| Batteries Plus | 10 | $6.6M | 0.0% |
| Jersey Mike's | 9 | $5.0M | 0.0% |
| Nothing Bundt Cakes | 9 | $4.3M | 0.0% |
| Planet Beach | 8 | $1.1M | 25.0% |
| Christian Brothers Automotive | 8 | $4.1M | 0.0% |
| Sports Clips | 7 | $914K | 0.0% |
| Smoothie Factory | 7 | $1.0M | 57.1% |
Lending volume by year
1'92
2
4
5
8
4'97
4
10
12
6
19'02
43
32
31
13
13'07
16
10
12
24
15'12
26
37
58
52
26'17
64
84
56
95
61'22
29
37
30
3'26
SouthState Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
26019.0%
1807.7%
1668.7%
806.8%
542.5%
506.1%
187.1%
170.0%
130.0%
130.0%
Portfolio summary
Total funded$608.0M
Defaults65 of 942
Risk tierAVERAGE
Avg rate6.51%
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%).