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SBA 7(a) franchise lending portfolio
The Bank of Princeton
EXCELLENT risk
- Total loans
- 75
- Loan volume
- $167.4M
- Avg loan size
- $2.2M
- Default rate
- 4.6%
- vs 15.4% national avg
Defaults
3
Avg interest
5.88%
Franchises funded
48
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Burger King | 6 | $13.5M | 0.0% |
| Subway Sandwich Shop | 5 | $1.2M | 20.0% |
| Comfort/ Comfort Inn & Suites/ | 4 | $15.6M | 0.0% |
| Days Inn by Wyndham | 3 | $10.5M | 0.0% |
| Best Western Inn | 3 | $6.0M | 0.0% |
| Print Shack | 3 | $3.0M | 0.0% |
| Ramada Inns | 3 | $12.7M | 0.0% |
| Days Inn | 3 | $5.8M | 0.0% |
| Quality Inn/Quality Suites, Ho | 2 | $4.0M | 0.0% |
| Tous Les Jours | 2 | $300K | 50.0% |
| Howard Johnson | 2 | $7.3M | 0.0% |
| Best Western - Membership Agre | 2 | $10.0M | 0.0% |
| Gong Cha (only for NJ, NY, MA | 2 | $485K | 0.0% |
| Salad Works, Inc. | 1 | $223K | 0.0% |
| Sir Speedy Printing Center | 1 | $150K | 0.0% |
| Panchero's Mexican Grill | 1 | $350K | 0.0% |
| Courtyard By Marriott | 1 | $4.2M | 0.0% |
| Travelodge | 1 | $1.4M | — |
| Retro Fitness | 1 | $600K | 0.0% |
| Red Lion Inn & Suites | 1 | $3.7M | 0.0% |
Lending volume by year
1'05
2'09
3'10
3'11
7'12
9'13
26'14
3'15
3'16
2'17
9'18
4'19
1'21
1'22
1'23
The Bank of Princeton default rate by loan vintage
BrandNational avg
Geographic exposure
2513.0%
180.0%
140.0%
30.0%
30.0%
20.0%
20.0%
20.0%
20.0%
10.0%
Portfolio summary
Total funded$167.4M
Defaults3 of 75
Risk tierEXCELLENT
Avg rate5.88%
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%).