TH
SBA 7(a) franchise lending portfolio
The Harvard State Bank
CRITICAL risk
- Total loans
- 13
- Loan volume
- $7.5M
- Avg loan size
- $580K
- Charge-off 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% (very high risk) |
| Jersey Mike's | 2 | $840K | N/A |
| Healthsource Chiropractic | 1 | $216K | 0.0% (low risk) |
| iLoveKickboxing.com | 1 | $210K | 100.0% (very high risk) |
| Jersey Mike's | 1 | $280K | N/A |
| Subway | 1 | $206K | 0.0% (low risk) |
| Allstate Insurance | 1 | $200K | N/A |
| Ford Motor Company Dealer Sale | 1 | $4.5M | N/A |
| Prairie State Energy, LLC (Mul | 1 | $250K | 0.0% (low risk) |
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
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 The Harvard State Bank originated?
- 13 loans totaling $7.5M. The portfolio carries a 25.0% charge-off rate, earning a “CRITICAL” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 The Harvard State Bank fund the most?
- The “Top franchise exposures” table above lists the brands The Harvard State Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.