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SBA 7(a) franchise lending portfolio
Summit Bank
EXCELLENT risk
- Total loans
- 23
- Loan volume
- $16.9M
- Avg loan size
- $735K
- Default 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% |
| X-Golf | 3 | $3.1M | — |
| Woodcraft | 2 | $1.2M | 0.0% |
| Mail Boxes Etc. Usa | 1 | $80K | 0.0% |
| Budget Blinds | 1 | $489K | 0.0% |
| Teriyaki Madness | 1 | $345K | 0.0% |
| Nekter Juice Bar | 1 | $283K | 0.0% |
| CycleBar | 1 | $550K | 0.0% |
| Black Rock Coffee Bar | 1 | $425K | 0.0% |
| WSCO Petroleum Corp. - Branded | 1 | $1.4M | 0.0% |
| Ascend Hotel Collection by Cho | 1 | $2.2M | — |
| Anytime Fitness | 1 | $3.2M | — |
| European Wax Center | 1 | $427K | — |
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 default 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
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%).