SS
SBA 7(a) franchise lending portfolio
Summit State Bank
Risk rating: Excellent
- Total loans
- 64
- Loan volume
- $176.4M
- Avg loan size
- $2.8M
- Charge-off rate
- 0.0%
- vs 16.0% national
Charged off
0
Avg interest
6.68%
Franchises funded
38
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Motel 6 | 13 | $49.8M | N/A |
| AM/PM Mini-Mart Agreement - AR | 4 | $17.6M | N/A |
| Arco (BP) Contract Dealer Gaso | 3 | $10.9M | N/A |
| Chevron - Retail Supply Contra | 3 | $6.5M | N/A |
| Super 8 by Wyndhan | 3 | $6.0M | N/A |
| Best Western - Membership Agre | 3 | $8.5M | N/A |
| Fairfield by Marriott/Fairfiel | 2 | $10.0M | N/A |
| Cheeky Monkeys | 2 | $1.0M | N/A |
| El Pollo Loco | 2 | $4.3M | N/A |
| Packaging Store | 1 | $113K | N/A |
| Quiznos | 1 | $275K | N/A |
| Cold Stone Creamery, Inc. | 1 | $150K | N/A |
| Circle K (C-store Agreement on | 1 | $1.5M | N/A |
| WoodSpring Suites by Choice Ho | 1 | $5.0M | N/A |
| Togo's Eatery | 1 | $163K | N/A |
| Boyett Petroleum -(Valero) B | 1 | $1.5M | N/A |
| Pita Jungle | 1 | $1.1M | N/A |
| Farmers Insurance Exchange - R | 1 | $250K | N/A |
| Baymont by Wyndham aka Baymont | 1 | $2.3M | N/A |
| Phillips 66 Branded Reseller A | 1 | $2.7M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2004 | 2 |
| FY2005 | 1 |
| FY2011 | 1 |
| FY2018 | 2 |
| FY2019 | 6 |
| FY2020 | 13 |
| FY2021 | 18 |
| FY2022 | 6 |
| FY2023 | 2 |
| FY2024 | 5 |
| FY2025 | 6 |
| FY2026 | 2 |
SBA 7(a) · charge-off rate by approval year
Summit State Bank charge-off rate by loan vintage
Only 1 of these 3 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 |
|---|---|---|---|
| 2019 | 6 | 0 | Too few |
| 2020 | 7 | 0 | Too early |
| 2021 | 10 | 0 | 0.0% |
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.
Geographic exposure
410.0% (excellent)
110.0% (excellent)
6N/A
3N/A
1N/A
1N/A
1N/A
Portfolio summary
Total funded$176.4M
Charged off0 of 64
Risk tierExcellent
Avg rate6.68%
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 State Bank originated?
- 64 loans totaling $176.4M. The portfolio carries a 0.0% charge-off rate, earning a “Excellent” 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 State Bank's rate of 0.0% 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 State Bank fund the most?
- The “Top franchise exposures” table above lists the brands Summit State Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.