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SBA 7(a) franchise lending portfolio
The Huntington National Bank
AVERAGE risk
- Total loans
- 9,261
- Loan volume
- $2.6B
- Avg loan size
- $279K
- Default rate
- 11.5%
- vs 15.4% national avg
Defaults
370
Avg interest
8.68%
Franchises funded
1,705
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 134 | $29.5M | 0.0% |
| X-Golf | 113 | $64.1M | 4.2% |
| Mighty Dog Roofing | 109 | $23.4M | 11.1% |
| Subway Sandwich Shop | 98 | $17.0M | 7.3% |
| Ellie Mental Health | 97 | $15.7M | 9.1% |
| Hotworx | 96 | $21.7M | 14.3% |
| Gameday Men's Health/Gameday | 93 | $16.9M | 0.0% |
| Alloy Personal Traning | 79 | $17.6M | 0.0% |
| Subway | 73 | $11.0M | 5.6% |
| Everline Coatings and Services | 68 | $13.2M | 0.0% |
| D1T raining | 63 | $22.5M | 0.0% |
| Bricks & Minifigs | 62 | $9.1M | 0.0% |
| Biggby Coffee | 58 | $13.8M | 14.3% |
| Hummus Republic | 58 | $14.3M | 0.0% |
| iFoam | 55 | $22.3M | 28.6% |
| Floor Coverings International | 54 | $8.9M | 0.0% |
| Pulp Juice and Smoothie Bar | 48 | $5.3M | 0.0% |
| Fastsigns | 46 | $8.0M | 7.7% |
| RestoPros | 46 | $7.7M | 0.0% |
| Ace Hardware | 45 | $14.0M | 11.6% |
Lending volume by year
10'92
20
30
64
52
64'97
50
60
73
36
57'02
103
107
69
27
53'07
83
63
67
65
107'12
80
189
248
238
280'17
252
263
237
418
949'22
1886
1367
1381
213'26
The Huntington National Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
1,93211.8%
1,18411.3%
1,01214.4%
5928.8%
4345.9%
41810.9%
39019.2%
3415.1%
2710.0%
26814.8%
Portfolio summary
Total funded$2.6B
Defaults370 of 9,261
Risk tierAVERAGE
Avg rate8.68%
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%).