![Summit State Bank logo](https://cdn.brandfetch.io/summitstatebank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Summit State Bank
EXCELLENT risk
- Total loans
- 64
- Loan volume
- $176.4M
- Avg loan size
- $2.8M
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.68%
Franchises funded
38
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Motel 6 | 13 | $49.8M | 0.0% |
| AM/PM Mini-Mart Agreement - AR | 4 | $17.6M | 0.0% |
| Arco (BP) Contract Dealer Gaso | 3 | $10.9M | 0.0% |
| Chevron - Retail Supply Contra | 3 | $6.5M | 0.0% |
| Super 8 by Wyndhan | 3 | $6.0M | 0.0% |
| Best Western - Membership Agre | 3 | $8.5M | 0.0% |
| Fairfield by Marriott/Fairfiel | 2 | $10.0M | — |
| Cheeky Monkeys | 2 | $1.0M | 0.0% |
| El Pollo Loco | 2 | $4.3M | — |
| Packaging Store | 1 | $113K | 0.0% |
| Quiznos | 1 | $275K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $150K | 0.0% |
| Circle K (C-store Agreement on | 1 | $1.5M | — |
| WoodSpring Suites by Choice Ho | 1 | $5.0M | 0.0% |
| Togo's Eatery | 1 | $163K | 0.0% |
| Boyett Petroleum -(Valero) B | 1 | $1.5M | 0.0% |
| Pita Jungle | 1 | $1.1M | — |
| Farmers Insurance Exchange - R | 1 | $250K | — |
| Baymont by Wyndham aka Baymont | 1 | $2.3M | — |
| Phillips 66 Branded Reseller A | 1 | $2.7M | — |
Lending volume by year
2'04
1'05
1'11
2'18
6'19
13'20
18'21
6'22
2'23
5'24
6'25
2'26
Summit State Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$176.4M
Defaults0 of 64
Risk tierEXCELLENT
Avg rate6.68%
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%).