S
SBA 7(a) franchise lending portfolio
SpiritBank
CRITICAL risk
- Total loans
- 37
- Loan volume
- $19.7M
- Avg loan size
- $533K
- Charge-off rate
- 33.3%
- vs 15.4% national avg
Defaults
5
Avg interest
7.64%
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Simple Simon's Pizza | 22 | $5.2M | 33.3% (very high risk) |
| Holiday Inn Express/Holiday In | 2 | $9.1M | N/A |
| Sugar Llamas - License Agreeme | 2 | $612K | 0.0% (low risk) |
| Popeye's Famous Fried Chicken | 1 | $613K | 0.0% (low risk) |
| Ace Hardware | 1 | $250K | 0.0% (low risk) |
| Indigo Joe's Sport Pub & Resta | 1 | $626K | 100.0% (very high risk) |
| Great Harvest Bread Co. | 1 | $200K | 100.0% (very high risk) |
| Goddard Early Learning Center | 1 | $471K | 0.0% (low risk) |
| Fuddrucker's | 1 | $784K | 0.0% (low risk) |
| Danielson Oil Company of Oklah | 1 | $485K | N/A |
| Whimsy Cookie Co. | 1 | $415K | 0.0% (low risk) |
| Office Pride Commercial Cleani | 1 | $135K | N/A |
| Valero Marketing and Supply Co | 1 | $573K | N/A |
| The Gravity Vault | 1 | $293K | 100.0% (very high risk) |
Lending volume by year
1'93
1'99
1'05
2'07
1'08
2'18
5'19
3'21
7'22
13'23
1'24
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 SpiritBank originated?
- 37 loans totaling $19.7M. The portfolio carries a 33.3% 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 SpiritBank fund the most?
- The “Top franchise exposures” table above lists the brands SpiritBank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.