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SBA 7(a) franchise lending portfolio
TD Bank, National Association
ELEVATED risk
- Total loans
- 1,736
- Loan volume
- $769.9M
- Avg loan size
- $444K
- Default rate
- 15.1%
- vs 15.4% national avg
Defaults
208
Avg interest
7.15%
Franchises funded
646
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 76 | $10.7M | 17.1% |
| Quiznos | 63 | $9.5M | 23.8% |
| Rita's Real Italian Water Ice | 32 | $5.3M | 9.4% |
| Hollywood Tans | 29 | $3.5M | 3.4% |
| The UPS Store | 26 | $4.5M | 4.2% |
| The Goddard School | 24 | $31.9M | 0.0% |
| Matco Tools (rent Tools) | 21 | $2.2M | 33.3% |
| The Goddard School | 21 | $41.2M | 20.0% |
| Retro Fitness | 20 | $16.5M | 0.0% |
| The UPS Store (f/k/a Mail Box | 19 | $9.8M | 0.0% |
| Mail Boxes Etc. Usa | 17 | $2.0M | 5.9% |
| Jimmy John's | 17 | $6.7M | 17.6% |
| Primrose Schools | 17 | $28.6M | 0.0% |
| Kiddie Academy | 17 | $11.9M | 0.0% |
| Dunkin Donuts | 16 | $12.3M | 12.5% |
| Domino's Pizza | 15 | $2.5M | 6.7% |
| Subway | 15 | $2.9M | 16.7% |
| Curves For Women | 14 | $1.3M | 7.1% |
| Primrose Schools | 14 | $19.5M | — |
| Edible Arrangements | 13 | $1.6M | 15.4% |
Lending volume by year
9'92
9
9
23
27
27'97
16
12
18
46
88'02
124
151
112
44
55'07
43
48
25
35
51'12
45
43
56
39
72'17
119
79
41
57
35'22
52
66
51
9'26
TD Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
59115.2%
22016.3%
21416.3%
19918.8%
949.8%
827.4%
469.8%
4511.4%
459.4%
4511.8%
Portfolio summary
Total funded$769.9M
Defaults208 of 1,736
Risk tierELEVATED
Avg rate7.15%
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%).