TB
SBA 7(a) franchise lending portfolio
TD Bank, National Association
Risk rating: Elevated
- Total loans
- 1,736
- Loan volume
- $769.9M
- Avg loan size
- $444K
- Charge-off rate
- 15.1%
- vs 16.0% national
Charged off
208
Avg interest
7.15%
Franchises funded
646
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 91 | $13.6M | 17.0% (elevated) |
| Quiznos | 63 | $9.5M | 23.8% (high risk) |
| The UPS Store | 62 | $16.4M | 4.8% (excellent) |
| The Goddard School | 45 | $73.2M | 4.2% (excellent) |
| Rita's Real Italian Water Ice | 32 | $5.3M | 9.4% (good) |
| Primrose Schools | 31 | $48.1M | 0.0% (excellent) |
| Hollywood Tans | 29 | $3.5M | 3.4% (excellent) |
| Matco Tools (rent Tools) | 21 | $2.2M | 33.3% (high risk) |
| Retro Fitness | 20 | $16.5M | 0.0% (excellent) |
| Jimmy John's | 17 | $6.7M | 17.6% (elevated) |
| Kiddie Academy | 17 | $11.9M | N/A |
| Dunkin Donuts | 16 | $12.3M | 12.5% (average) |
| Domino's Pizza | 15 | $2.5M | 6.7% (good) |
| Curves For Women | 14 | $1.3M | 7.1% (good) |
| Edible Arrangements | 13 | $1.6M | 15.4% (elevated) |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 9 |
| FY1993 | 9 |
| FY1994 | 9 |
| FY1995 | 23 |
| FY1996 | 27 |
| FY1997 | 27 |
| FY1998 | 16 |
| FY1999 | 12 |
| FY2000 | 18 |
| FY2001 | 46 |
| FY2002 | 88 |
| FY2003 | 124 |
| FY2004 | 151 |
| FY2005 | 112 |
| FY2006 | 44 |
| FY2007 | 55 |
| FY2008 | 43 |
| FY2009 | 48 |
| FY2010 | 25 |
| FY2011 | 35 |
| FY2012 | 51 |
| FY2013 | 45 |
| FY2014 | 43 |
| FY2015 | 56 |
| FY2016 | 39 |
| FY2017 | 72 |
| FY2018 | 119 |
| FY2019 | 79 |
| FY2020 | 41 |
| FY2021 | 57 |
| FY2022 | 35 |
| FY2023 | 52 |
| FY2024 | 66 |
| FY2025 | 51 |
| FY2026 | 9 |
SBA 7(a) · charge-off rate by approval year
TD Bank, National Association: below all franchise loans in 17 of 27 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 8 | 0 | Too few |
| 1993 | 9 | 1 | Too few |
| 1994 | 9 | 0 | Too few |
| 1995 | 22 | 4 | 18.2% |
| 1996 | 27 | 2 | 7.4% |
| 1997 | 27 | 5 | 18.5% |
| 1998 | 16 | 2 | 12.5% |
| 1999 | 12 | 2 | 16.7% |
| 2000 | 18 | 2 | 11.1% |
| 2001 | 46 | 3 | 6.5% |
| 2002 | 88 | 6 | 6.8% |
| 2003 | 124 | 23 | 18.5% |
| 2004 | 151 | 19 | 12.6% |
| 2005 | 111 | 35 | 31.5% |
| 2006 | 40 | 10 | 25.0% |
| 2007 | 50 | 17 | 34.0% |
| 2008 | 42 | 15 | 35.7% |
| 2009 | 47 | 6 | 12.8% |
| 2010 | 25 | 1 | 4.0% |
| 2011 | 33 | 2 | 6.1% |
| 2012 | 48 | 3 | 6.2% |
| 2013 | 42 | 2 | 4.8% |
| 2014 | 43 | 4 | 9.3% |
| 2015 | 52 | 2 | 3.8% |
| 2016 | 33 | 2 | 6.1% |
| 2017 | 51 | 7 | 13.7% |
| 2018 | 97 | 16 | 16.5% |
| 2019 | 53 | 10 | 18.9% |
| 2020 | 21 | 2 | 9.5% |
| 2021 | 18 | 3 | 16.7% |
| 2022 | 5 | 0 | Too early |
| 2023 | 4 | 1 | Too early |
| 2024 | 5 | 1 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
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
59115.2% (elevated)
22016.3% (elevated)
21416.3% (elevated)
19918.8% (elevated)
949.8% (good)
827.4% (good)
469.8% (good)
4511.4% (average)
459.4% (good)
4511.8% (average)
Portfolio summary
Total funded$769.9M
Charged off208 of 1,736
Risk tierElevated
Avg rate7.15%
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 TD Bank, National Association originated?
- 1,736 loans totaling $769.9M. The portfolio carries a 15.1% charge-off rate, earning a “Elevated” 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. TD Bank, National Association's rate of 15.1% is near 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 TD Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands TD Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.