TW
SBA 7(a) franchise lending portfolio
The Washington Trust Company of Westerly
ELEVATED risk
- Total loans
- 27
- Loan volume
- $3.8M
- Avg loan size
- $140K
- Charge-off rate
- 19.2%
- vs 15.4% national avg
Defaults
5
Avg interest
7.38%
Franchises funded
20
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Sylvan Learning Center | 4 | $375K | 25.0% (very high risk) |
| Mobil Oil (stations) | 2 | $188K | 0.0% (low risk) |
| Shell Service Station | 2 | $218K | 0.0% (low risk) |
| Super Suppers | 2 | $110K | 50.0% (very high risk) |
| Subway Sandwich Shop | 2 | $290K | 0.0% (low risk) |
| Agway | 1 | $125K | 0.0% (low risk) |
| Matco Tools (rent Tools) | 1 | $30K | 0.0% (low risk) |
| True Value Hardware | 1 | $96K | 0.0% (low risk) |
| Gold's Gym | 1 | $330K | 0.0% (low risk) |
| Domino's Pizza | 1 | $100K | 0.0% (low risk) |
| Servicemaster | 1 | $50K | 0.0% (low risk) |
| Quizno's Subs | 1 | $208K | 100.0% (very high risk) |
| Amerispec | 1 | $337K | 0.0% (low risk) |
| Do It Best Hardware | 1 | $50K | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 1 | $285K | 0.0% (low risk) |
| Ronzio | 1 | $80K | 0.0% (low risk) |
| Rent-A-Wreck (car Rental) | 1 | $375K | 0.0% (low risk) |
| Worldwide Express | 1 | $25K | 100.0% (very high risk) |
| Kwik-Kopy | 1 | $203K | 100.0% (very high risk) |
| Del's Lemonade | 1 | $308K | N/A |
Lending volume by year
2'93
1'94
1'95
3'96
1'99
4'03
4'04
5'05
2'07
3'08
1'25
The Washington Trust Company of Westerly charge-off rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$3.8M
Defaults5 of 27
Risk tierELEVATED
Avg rate7.38%
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 Washington Trust Company of Westerly originated?
- 27 loans totaling $3.8M. The portfolio carries a 19.2% charge-off rate, earning a “ELEVATED” 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 Washington Trust Company of Westerly fund the most?
- The “Top franchise exposures” table above lists the brands The Washington Trust Company of Westerly has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.