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SBA 7(a) franchise lending portfolio
State Bank
CRITICAL risk
- Total loans
- 32
- Loan volume
- $6.9M
- Avg loan size
- $215K
- Default rate
- 22.2%
- vs 15.4% national avg
Defaults
6
Avg interest
5.99%
Franchises funded
25
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Marco's Pizza | 3 | $945K | 66.7% |
| Curves For Women | 2 | $170K | 50.0% |
| Orange Leaf | 2 | $450K | 50.0% |
| Dickey's Barbecue Pit | 2 | $149K | 0.0% |
| Anytime Fitness | 2 | $509K | 0.0% |
| Ziggi's Coffee | 2 | $1.3M | — |
| Piccadilly Circus | 1 | $18K | 0.0% |
| A-1 Concrete Leveling, Inc. | 1 | $84K | 0.0% |
| Quiznos | 1 | $85K | 0.0% |
| Holiday Inn Express | 1 | $100K | 0.0% |
| Little Gym | 1 | $194K | 0.0% |
| Victory Lane Quick Oil Change | 1 | $50K | 100.0% |
| Camille's Sidewalk Cafe | 1 | $215K | 100.0% |
| Midas | 1 | $120K | 0.0% |
| Ben's Soft Pretzels | 1 | $80K | 0.0% |
| Midas | 1 | $275K | — |
| Club Pilates | 1 | $125K | 0.0% |
| Ilovekickboxing.com | 1 | $150K | — |
| A-1 Concrete Leveling | 1 | $40K | 0.0% |
| Game Truck | 1 | $43K | 0.0% |
Lending volume by year
1'95
2'04
3'06
2'08
1'09
2'10
4'11
3'12
3'13
2'14
2'16
1'17
2'18
1'19
1'22
2'23
State Bank default rate by loan vintage
BrandNational avg
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%).