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SBA 7(a) franchise lending portfolio
The Farmers National Bank of Canfield
AVERAGE risk
- Total loans
- 31
- Loan volume
- $4.8M
- Avg loan size
- $154K
- Default rate
- 10.3%
- vs 15.4% national avg
Defaults
3
Avg interest
6.34%
Franchises funded
18
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Belleria Pizzaria | 7 | $640K | 14.3% |
| Subway Sandwich Shop | 6 | $832K | 0.0% |
| Convenient Food Mart | 2 | $175K | 0.0% |
| Goodyear Tire | 2 | $330K | 0.0% |
| Domino's Pizza | 1 | $21K | 0.0% |
| MAACO Auto Painting Center | 1 | $95K | 100.0% |
| Rax Restaurant | 1 | $400K | 0.0% |
| NAPA Auto Parts | 1 | $74K | 100.0% |
| Dairy Queen | 1 | $210K | 0.0% |
| Petland | 1 | $150K | 0.0% |
| Jimmy John's | 1 | $338K | 0.0% |
| Quiznos | 1 | $120K | 0.0% |
| Robeks Juice | 1 | $220K | 0.0% |
| Tim Horton Donuts | 1 | $125K | 0.0% |
| Smartstyle | 1 | $99K | 0.0% |
| Dairy Queen Of The Pacific Nor | 1 | $102K | 0.0% |
| USA Insulation | 1 | $225K | — |
| VIO Med Spa | 1 | $622K | — |
Lending volume by year
1'92
3'94
1'95
1'96
3'98
1'99
2'00
2'01
3'02
3'03
2'07
1'08
2'09
2'10
1'12
1'18
1'20
1'21
The Farmers National Bank of Canfield default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$4.8M
Defaults3 of 31
Risk tierAVERAGE
Avg rate6.34%
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%).