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SBA 7(a) franchise lending portfolio
State Bank of the Lakes, National Association
ELEVATED risk
- Total loans
- 21
- Loan volume
- $5.6M
- Avg loan size
- $269K
- Default rate
- 15.0%
- vs 15.4% national avg
Defaults
3
Avg interest
5.41%
Franchises funded
16
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Petland | 2 | $483K | 0.0% |
| Quiznos | 2 | $300K | 0.0% |
| Wingstop Restaurant | 2 | $665K | 100.0% |
| Jersey Mike's (deli Restaurant | 2 | $450K | 0.0% |
| Culver's Frozen Custard | 2 | $260K | 0.0% |
| Play It Again Sports (retail S | 1 | $100K | 0.0% |
| Baskin-Robbins 31 Ice Cream | 1 | $77K | 0.0% |
| Kitchen Wizards | 1 | $100K | 100.0% |
| Moe's Sw Grill | 1 | $455K | 0.0% |
| Jump! Zone | 1 | $175K | 0.0% |
| Sonic | 1 | $1.1M | 0.0% |
| Hamburger Mary's Organic Grill | 1 | $235K | 0.0% |
| DQ Grill & Chill Operating Agr | 1 | $500K | 0.0% |
| Jimano's Pizzeria | 1 | $380K | 0.0% |
| Pearle Vision | 1 | $150K | 0.0% |
| Antioch Pizza Shop | 1 | $190K | — |
Lending volume by year
1'95
2'96
1'97
1'01
1'02
1'03
1'07
1'08
3'09
3'10
2'11
1'14
1'18
1'19
1'21
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%).