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SBA 7(a) franchise lending portfolio
Stearns Bank National Association
AVERAGE risk
- Total loans
- 3,342
- Loan volume
- $976.0M
- Avg loan size
- $292K
- Default rate
- 13.0%
- vs 15.4% national avg
Defaults
349
Avg interest
7.05%
Franchises funded
960
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Supercuts | 86 | $11.4M | 4.9% |
| Quiznos | 66 | $9.4M | 16.7% |
| Subway | 43 | $7.8M | 3.2% |
| Dairy Queen | 41 | $15.8M | 4.9% |
| F45 Training | 41 | $10.4M | 20.8% |
| Fedex Ground | 39 | $14.6M | 12.1% |
| Cornwell Quality Tool Company, | 33 | $2.3M | 27.3% |
| Ilovekickboxing.com | 32 | $6.2M | 29.0% |
| Papa Murphy's | 31 | $9.1M | 3.7% |
| Firehouse Subs | 29 | $8.1M | 12.5% |
| The UPS Store | 28 | $5.2M | 0.0% |
| Culver's Frozen Custard | 27 | $23.9M | 0.0% |
| Subway | 27 | $7.0M | 9.5% |
| Supercuts | 27 | $4.8M | 0.0% |
| Jake's Wayback Burgers | 27 | $6.1M | 25.0% |
| Deka Lash | 27 | $5.8M | 14.3% |
| Seva Beauty | 27 | $3.6M | 8.3% |
| Great Clips | 25 | $10.1M | 4.2% |
| Dickey's Barbecue Pit | 25 | $7.1M | 29.2% |
| Jimmy John's | 24 | $9.2M | 17.4% |
Lending volume by year
1'92
1
2
7
2
8'97
4
21
37
22
26'02
47
87
109
43
12'07
1
6
9
11
18'13
68
273
567
535
552'18
568
183
12
21
25'23
37
25
2'26
Stearns 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
43822.6%
34011.6%
29316.7%
1558.8%
1498.5%
14814.2%
14410.3%
1276.5%
11811.1%
1129.4%
Portfolio summary
Total funded$976.0M
Defaults349 of 3,342
Risk tierAVERAGE
Avg rate7.05%
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%).