![The Washington Trust Company of Westerly logo](https://cdn.brandfetch.io/washingtontrustcompanyofwesterly.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
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
- Default 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% |
| Mobil Oil (stations) | 2 | $188K | 0.0% |
| Shell Service Station | 2 | $218K | 0.0% |
| Super Suppers | 2 | $110K | 50.0% |
| Subway Sandwich Shop | 2 | $290K | 0.0% |
| Agway | 1 | $125K | 0.0% |
| Matco Tools (rent Tools) | 1 | $30K | 0.0% |
| True Value Hardware | 1 | $96K | 0.0% |
| Gold's Gym | 1 | $330K | 0.0% |
| Domino's Pizza | 1 | $100K | 0.0% |
| Servicemaster | 1 | $50K | 0.0% |
| Quizno's Subs | 1 | $208K | 100.0% |
| Amerispec | 1 | $337K | 0.0% |
| Do It Best Hardware | 1 | $50K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $285K | 0.0% |
| Ronzio | 1 | $80K | 0.0% |
| Rent-A-Wreck (car Rental) | 1 | $375K | 0.0% |
| Worldwide Express | 1 | $25K | 100.0% |
| Kwik-Kopy | 1 | $203K | 100.0% |
| Del's Lemonade | 1 | $308K | — |
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 default 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
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%).