TH
SBA 7(a) franchise lending portfolio
The Huntington National Bank
Risk rating: Average
- Total loans
- 9,261
- Loan volume
- $2.6B
- Avg loan size
- $279K
- Charge-off rate
- 11.5%
- vs 16.0% national
Charged off
370
Avg interest
8.68%
Franchises funded
1,705
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 171 | $27.9M | 6.8% (good) |
| The UPS Store (f/k/a Mail Box | 134 | $29.5M | 0.0% (excellent) |
| X-Golf | 113 | $64.1M | 4.2% (excellent) |
| Mighty Dog Roofing | 109 | $23.4M | 11.1% (average) |
| Ellie Mental Health | 97 | $15.7M | 9.1% (good) |
| Hotworx | 96 | $21.7M | N/A |
| Gameday Men's Health/Gameday | 93 | $16.9M | N/A |
| Alloy Personal Traning | 79 | $17.6M | N/A |
| Everline Coatings and Services | 68 | $13.2M | 0.0% (excellent) |
| D1T raining | 63 | $22.5M | N/A |
| Bricks & Minifigs | 62 | $9.1M | N/A |
| Biggby Coffee | 58 | $13.8M | N/A |
| Hummus Republic | 58 | $14.3M | N/A |
| iFoam | 55 | $22.3M | 28.6% (high risk) |
| Floor Coverings International | 54 | $8.9M | N/A |
| Pulp Juice and Smoothie Bar | 48 | $5.3M | 0.0% (excellent) |
| Fastsigns | 46 | $8.0M | 7.7% (good) |
| RestoPros | 46 | $7.7M | N/A |
| Ace Hardware | 45 | $14.0M | 11.6% (average) |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 10 |
| FY1993 | 20 |
| FY1994 | 30 |
| FY1995 | 64 |
| FY1996 | 52 |
| FY1997 | 64 |
| FY1998 | 50 |
| FY1999 | 60 |
| FY2000 | 73 |
| FY2001 | 36 |
| FY2002 | 57 |
| FY2003 | 103 |
| FY2004 | 107 |
| FY2005 | 69 |
| FY2006 | 27 |
| FY2007 | 53 |
| FY2008 | 83 |
| FY2009 | 63 |
| FY2010 | 67 |
| FY2011 | 65 |
| FY2012 | 107 |
| FY2013 | 80 |
| FY2014 | 189 |
| FY2015 | 248 |
| FY2016 | 238 |
| FY2017 | 280 |
| FY2018 | 252 |
| FY2019 | 263 |
| FY2020 | 237 |
| FY2021 | 418 |
| FY2022 | 949 |
| FY2023 | 1,886 |
| FY2024 | 1,367 |
| FY2025 | 1,381 |
| FY2026 | 213 |
SBA 7(a) · charge-off rate by approval year
The Huntington National Bank: below all franchise loans in 19 of 33 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (recent years: too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 10 | 2 | 20.0% |
| 1993 | 20 | 1 | 5.0% |
| 1994 | 30 | 4 | 13.3% |
| 1995 | 64 | 11 | 17.2% |
| 1996 | 52 | 5 | 9.6% |
| 1997 | 64 | 11 | 17.2% |
| 1998 | 50 | 10 | 20.0% |
| 1999 | 59 | 9 | 15.3% |
| 2000 | 73 | 9 | 12.3% |
| 2001 | 36 | 4 | 11.1% |
| 2002 | 57 | 8 | 14.0% |
| 2003 | 103 | 23 | 22.3% |
| 2004 | 106 | 14 | 13.2% |
| 2005 | 69 | 19 | 27.5% |
| 2006 | 27 | 6 | 22.2% |
| 2007 | 52 | 15 | 28.8% |
| 2008 | 81 | 14 | 17.3% |
| 2009 | 62 | 6 | 9.7% |
| 2010 | 66 | 4 | 6.1% |
| 2011 | 62 | 7 | 11.3% |
| 2012 | 104 | 6 | 5.8% |
| 2013 | 78 | 8 | 10.3% |
| 2014 | 184 | 16 | 8.7% |
| 2015 | 237 | 19 | 8.0% |
| 2016 | 193 | 23 | 11.9% |
| 2017 | 224 | 19 | 8.5% |
| 2018 | 201 | 18 | 9.0% |
| 2019 | 187 | 10 | 5.3% |
| 2020 | 151 | 10 | 6.6% |
| 2021 | 119 | 9 | 7.6% |
| 2022 | 157 | 30 | 19.1% |
| 2023 | 192 | 20 | 10.4% |
| 2024 | 51 | 0 | 0.0% |
| 2025 | 3 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
1,93211.8% (average)
1,18411.3% (average)
1,01214.4% (average)
5928.8% (good)
4345.9% (good)
41810.9% (average)
39019.2% (elevated)
3415.1% (good)
2710.0% (excellent)
26814.8% (average)
Portfolio summary
Total funded$2.6B
Charged off370 of 9,261
Risk tierAverage
Avg rate8.68%
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 Huntington National Bank originated?
- 9,261 loans totaling $2581.5M. The portfolio carries a 11.5% charge-off rate, earning a “Average” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. The Huntington National Bank's rate of 11.5% is below the national rate.
- 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 Huntington National Bank fund the most?
- The “Top franchise exposures” table above lists the brands The Huntington National 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.