SC
SBA 7(a) franchise lending portfolio
Summit CU
Risk rating: Good
- Total loans
- 56
- Loan volume
- $20.2M
- Avg loan size
- $361K
- Charge-off rate
- 8.7%
- vs 16.0% national
Charged off
4
Avg interest
5.89%
Franchises funded
34
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Dickey's Barbecue Pit | 6 | $610K | N/A |
| Monk's Bar And Grill Restauran | 4 | $3.5M | N/A |
| Subway Sandwich Shop | 3 | $216K | N/A |
| Dogtopia | 3 | $303K | N/A |
| Billy Sims Barbecue | 3 | $610K | N/A |
| Biggby Coffee | 3 | $1.2M | N/A |
| Salad Creations | 2 | $130K | N/A |
| Snap Fitness | 2 | $285K | N/A |
| Gigi's Cupcakes | 2 | $250K | N/A |
| redbox+ | 2 | $630K | N/A |
| Express Employment Professiona | 2 | $115K | N/A |
| Endurance House | 2 | $270K | N/A |
| Elements Therapeutic Massage | 2 | $264K | N/A |
| UPS Store | 2 | $120K | N/A |
| Chem-Dry | 1 | $50K | N/A |
| Healthsource Chiropractic | 1 | $63K | N/A |
| Tcby | 1 | $260K | N/A |
| Velofix | 1 | $102K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2005 | 2 |
| FY2009 | 5 |
| FY2010 | 2 |
| FY2011 | 3 |
| FY2012 | 2 |
| FY2013 | 5 |
| FY2014 | 6 |
| FY2015 | 9 |
| FY2016 | 5 |
| FY2017 | 1 |
| FY2018 | 2 |
| FY2019 | 6 |
| FY2021 | 3 |
| FY2022 | 2 |
| FY2023 | 1 |
| FY2025 | 2 |
SBA 7(a) · charge-off rate by approval year
Summit CU charge-off rate by loan vintage
None of these 7 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2009 | 5 | 0 | Too few |
| 2011 | 3 | 0 | Too few |
| 2013 | 5 | 2 | Too few |
| 2014 | 5 | 0 | Too few |
| 2015 | 6 | 1 | Too few |
| 2016 | 5 | 0 | Too few |
| 2019 | 5 | 0 | Too few |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 CU originated?
- 56 loans totaling $20.2M. The portfolio carries a 8.7% charge-off rate, earning a “Good” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Summit CU's rate of 8.7% is below the national rate.
- 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 CU fund the most?
- The “Top franchise exposures” table above lists the brands Summit CU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.