SC
SBA 7(a) franchise lending portfolio
Summit CU
GOOD risk
- Total loans
- 56
- Loan volume
- $20.2M
- Avg loan size
- $361K
- Charge-off rate
- 8.7%
- vs 15.4% national avg
Defaults
4
Avg interest
5.89%
Franchises funded
34
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Monk's Bar And Grill Restauran | 4 | $3.5M | 0.0% (low risk) |
| Subway Sandwich Shop | 3 | $216K | 0.0% (low risk) |
| Dogtopia | 3 | $303K | 0.0% (low risk) |
| Dickey's Barbecue Pit | 3 | $260K | 0.0% (low risk) |
| Billy Sims Barbecue | 3 | $610K | 0.0% (low risk) |
| Biggby Coffee | 3 | $1.2M | N/A |
| Dickey's Barbeque | 3 | $350K | 66.7% (very high risk) |
| Salad Creations | 2 | $130K | 0.0% (low risk) |
| Snap Fitness | 2 | $285K | 0.0% (low risk) |
| Gigi's Cupcakes | 2 | $250K | 0.0% (low risk) |
| redbox+ | 2 | $630K | 0.0% (low risk) |
| Express Employment Professiona | 2 | $115K | 0.0% (low risk) |
| Endurance House | 2 | $270K | 0.0% (low risk) |
| Elements Therapeutic Massage | 2 | $264K | 0.0% (low risk) |
| UPS Store | 1 | $90K | 0.0% (low risk) |
| The UPS Store | 1 | $30K | 0.0% (low risk) |
| Chem-Dry | 1 | $50K | 0.0% (low risk) |
| Healthsource Chiropractic | 1 | $63K | 0.0% (low risk) |
| Tcby | 1 | $260K | 100.0% (very high risk) |
| Velofix | 1 | $102K | 0.0% (low risk) |
Lending volume by year
2'05
5'09
2'10
3'11
2'12
5'13
6'14
9'15
5'16
1'17
2'18
6'19
3'21
2'22
1'23
2'25
Summit CU charge-off rate by loan vintage
BrandNational avg
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). 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 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.