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SBA 7(a) franchise lending portfolio
Summit CU
GOOD risk
- Total loans
- 56
- Loan volume
- $20.2M
- Avg loan size
- $361K
- Default 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% |
| Subway Sandwich Shop | 3 | $216K | 0.0% |
| Dogtopia | 3 | $303K | 0.0% |
| Dickey's Barbecue Pit | 3 | $260K | 0.0% |
| Billy Sims Barbecue | 3 | $610K | 0.0% |
| Biggby Coffee | 3 | $1.2M | — |
| Dickey's Barbeque | 3 | $350K | 66.7% |
| Salad Creations | 2 | $130K | 0.0% |
| Snap Fitness | 2 | $285K | 0.0% |
| Gigi's Cupcakes | 2 | $250K | 0.0% |
| redbox+ | 2 | $630K | 0.0% |
| Express Employment Professiona | 2 | $115K | 0.0% |
| Endurance House | 2 | $270K | 0.0% |
| Elements Therapeutic Massage | 2 | $264K | 0.0% |
| UPS Store | 1 | $90K | 0.0% |
| The UPS Store | 1 | $30K | 0.0% |
| Chem-Dry | 1 | $50K | 0.0% |
| Healthsource Chiropractic | 1 | $63K | 0.0% |
| Tcby | 1 | $260K | 100.0% |
| Velofix | 1 | $102K | 0.0% |
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 default rate by loan vintage
BrandNational avg
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%).