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SBA 7(a) franchise lending portfolio
Third Coast Bank
EXCELLENT risk
- Total loans
- 46
- Loan volume
- $31.2M
- Avg loan size
- $679K
- Default rate
- 3.3%
- vs 15.4% national avg
Defaults
1
Avg interest
6.12%
Franchises funded
29
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Christian Brothers Automotive | 8 | $2.7M | 0.0% |
| Christian Brothers Automotive | 5 | $2.3M | — |
| Home Instead Senior Care | 3 | $2.6M | 0.0% |
| Full Psycle | 2 | $953K | 0.0% |
| Baskin-Robbins 31 Ice Cream | 2 | $380K | 0.0% |
| European Wax Center | 2 | $878K | 0.0% |
| Bad Ass Coffee of Hawaii | 2 | $1.5M | — |
| Golden Corral | 1 | $2.0M | 0.0% |
| Russo's New York Pizzeria | 1 | $550K | 0.0% |
| Super 8 Motel | 1 | $2.0M | 0.0% |
| The Flying Locksmiths | 1 | $250K | 0.0% |
| Smoothie King | 1 | $315K | 0.0% |
| Kiddie Academy | 1 | $3.9M | 0.0% |
| The UPS Store | 1 | $1.2M | 0.0% |
| Snap-On Tools | 1 | $360K | 0.0% |
| Smart Drinks | 1 | $150K | 0.0% |
| America's Best Value Inn | 1 | $1.4M | 0.0% |
| Beef 'o' Brady's Family Sports | 1 | $50K | 0.0% |
| Parisi Speed School | 1 | $116K | — |
| Smoothie Rox | 1 | $270K | — |
Lending volume by year
2'11
1'12
5'13
5'14
1'15
8'16
5'17
4'18
3'19
2'21
7'22
2'23
1'24
Third Coast Bank default rate by loan vintage
BrandNational avg
Geographic exposure
393.7%
1—
10.0%
10.0%
10.0%
Portfolio summary
Total funded$31.2M
Defaults1 of 46
Risk tierEXCELLENT
Avg rate6.12%
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%).