SB
SBA 7(a) franchise lending portfolio
Sullivan Bank
EXCELLENT risk
- Total loans
- 10
- Loan volume
- $2.8M
- Avg loan size
- $278K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.92%
Franchises funded
6
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Chrysler | 3 | $1.2M | 0.0% (low risk) |
| Culligan Soft Water Service | 2 | $698K | 0.0% (low risk) |
| Corporate Cleaning Group | 2 | $250K | 0.0% (low risk) |
| True Value Hardware | 1 | $68K | 0.0% (low risk) |
| Valvoline Instant Oil Change | 1 | $300K | 0.0% (low risk) |
| Temporary Franchises | 1 | $235K | 0.0% (low risk) |
Lending volume by year
1'94
1'95
1'96
1'98
1'99
1'01
1'02
1'09
1'20
1'23
Geographic exposure
100.0% (low risk)
Portfolio summary
Total funded$2.8M
Defaults0 of 10
Risk tierEXCELLENT
Avg rate6.92%
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 Sullivan Bank originated?
- 10 loans totaling $2.8M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 Sullivan Bank fund the most?
- The “Top franchise exposures” table above lists the brands Sullivan Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.