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SBA 7(a) franchise lending portfolio
The Harvard State Bank
CRITICAL risk
- Total loans
- 13
- Loan volume
- $7.5M
- Avg loan size
- $580K
- Default rate
- 25.0%
- vs 15.4% national avg
Defaults
2
Avg interest
6.23%
Franchises funded
9
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Anytime Fitness | 4 | $843K | 25.0% |
| Jersey Mike's | 2 | $840K | — |
| Healthsource Chiropractic | 1 | $216K | 0.0% |
| iLoveKickboxing.com | 1 | $210K | 100.0% |
| Jersey Mike's | 1 | $280K | — |
| Subway | 1 | $206K | 0.0% |
| Allstate Insurance | 1 | $200K | — |
| Ford Motor Company Dealer Sale | 1 | $4.5M | — |
| Prairie State Energy, LLC (Mul | 1 | $250K | 0.0% |
Lending volume by year
1'11
3'13
1'14
2'16
2'18
3'21
1'23
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%).