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SBA 7(a) franchise lending portfolio
Synovus Bank
ELEVATED risk
- Total loans
- 388
- Loan volume
- $212.5M
- Avg loan size
- $548K
- Default rate
- 17.3%
- vs 15.4% national avg
Defaults
61
Avg interest
6.01%
Franchises funded
214
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Firehouse Subs | 14 | $2.3M | 14.3% |
| Subway Sandwich Shop | 13 | $1.9M | 0.0% |
| Dunkin Donuts | 9 | $3.9M | 11.1% |
| Larry's Giant Subs | 9 | $806K | 0.0% |
| Philly Connection | 7 | $722K | 14.3% |
| Domino's Pizza | 7 | $1.6M | 14.3% |
| Beef O'brady's | 7 | $1.5M | 57.1% |
| Bruster's | 6 | $3.2M | 0.0% |
| Zaxby's | 6 | $4.5M | 0.0% |
| Bagel King | 5 | $621K | 60.0% |
| Dairy Queen | 5 | $2.6M | 20.0% |
| Huddle House | 5 | $2.3M | 20.0% |
| Little Caesar Pizza | 5 | $4.1M | 20.0% |
| Mail Boxes Etc. Usa | 4 | $382K | 50.0% |
| Jackson Hewitt Tax Service | 4 | $635K | 0.0% |
| International House Of Pancake | 4 | $1.5M | 0.0% |
| Blimpie | 4 | $368K | 50.0% |
| Marble Slab Creamery | 4 | $860K | 25.0% |
| Pinch-A-Penny | 4 | $2.0M | 100.0% |
| Mellow Mushroom | 4 | $1.4M | 0.0% |
Lending volume by year
6'92
5
11
16
11
26'97
12
10
14
8
14'02
23
23
20
12
14'07
15
5
3
3
3'12
4
20
11
14
15'17
11
8
14
11
12'22
7
1
4
2'26
Synovus Bank default rate by loan vintage
BrandNational avg
Geographic exposure
17120.8%
15111.8%
2832.0%
1616.7%
166.2%
20.0%
10.0%
10.0%
1100.0%
Portfolio summary
Total funded$212.5M
Defaults61 of 388
Risk tierELEVATED
Avg rate6.01%
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%).