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SBA 7(a) franchise lending portfolio
State Bank of Southern Utah
AVERAGE risk
- Total loans
- 39
- Loan volume
- $6.8M
- Avg loan size
- $175K
- Default rate
- 10.3%
- vs 15.4% national avg
Defaults
3
Avg interest
6.06%
Franchises funded
31
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hogi Yogi | 4 | $476K | 25.0% |
| Subway Sandwich Shop | 3 | $419K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 2 | $173K | 0.0% |
| Curves For Women | 2 | $170K | 50.0% |
| Handel's Homemade Ice Cream Si | 2 | $600K | 0.0% |
| Godfather's Pizza | 1 | $85K | 0.0% |
| Athlete's Foot | 1 | $160K | 0.0% |
| Chevron (gas Station) | 1 | $442K | 0.0% |
| Quiznos | 1 | $56K | 100.0% |
| Roto Rooter | 1 | $137K | 0.0% |
| Ace Hardware | 1 | $275K | 0.0% |
| Great Harvest Bread Co. | 1 | $228K | — |
| Fantastic Sam's | 1 | $37K | 0.0% |
| Fantastic Sams | 1 | $81K | 0.0% |
| Dickey's Barbecue Pit | 1 | $32K | 0.0% |
| Papa Murphy's | 1 | $105K | 0.0% |
| Rumbi Island Grill | 1 | $175K | 0.0% |
| Subway | 1 | $85K | 0.0% |
| InXpress | 1 | $250K | — |
| Fed Up Kitchen | 1 | $276K | — |
Lending volume by year
1'96
1
1
2
1
1'03
1
2
1
2
1'08
2
2
3
1
1'17
1
5
4
1
4'23
1'26
Geographic exposure
3910.3%
Portfolio summary
Total funded$6.8M
Defaults3 of 39
Risk tierAVERAGE
Avg rate6.06%
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%).