SB
SBA 7(a) franchise lending portfolio
Summit Bank
EXCELLENT risk
- Total loans
- 23
- Loan volume
- $16.9M
- Avg loan size
- $735K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.82%
Franchises funded
13
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cafe Yumm! | 8 | $3.2M | 0.0% (low risk) |
| X-Golf | 3 | $3.1M | N/A |
| Woodcraft | 2 | $1.2M | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 1 | $80K | 0.0% (low risk) |
| Budget Blinds | 1 | $489K | 0.0% (low risk) |
| Teriyaki Madness | 1 | $345K | 0.0% (low risk) |
| Nekter Juice Bar | 1 | $283K | 0.0% (low risk) |
| CycleBar | 1 | $550K | 0.0% (low risk) |
| Black Rock Coffee Bar | 1 | $425K | 0.0% (low risk) |
| WSCO Petroleum Corp. - Branded | 1 | $1.4M | 0.0% (low risk) |
| Ascend Hotel Collection by Cho | 1 | $2.2M | N/A |
| Anytime Fitness | 1 | $3.2M | N/A |
| European Wax Center | 1 | $427K | N/A |
Lending volume by year
1'96
3'07
2'08
1'17
6'18
4'20
1'21
1'22
3'23
1'24
Summit Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$16.9M
Defaults0 of 23
Risk tierEXCELLENT
Avg rate7.82%
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 Summit Bank originated?
- 23 loans totaling $16.9M. 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 Summit Bank fund the most?
- The “Top franchise exposures” table above lists the brands Summit 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.