TC
SBA 7(a) franchise lending portfolio
Third Coast Bank
EXCELLENT risk
- Total loans
- 46
- Loan volume
- $31.2M
- Avg loan size
- $679K
- Charge-off 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% (low risk) |
| Christian Brothers Automotive | 5 | $2.3M | N/A |
| Home Instead Senior Care | 3 | $2.6M | 0.0% (low risk) |
| Full Psycle | 2 | $953K | 0.0% (low risk) |
| Baskin-Robbins 31 Ice Cream | 2 | $380K | 0.0% (low risk) |
| European Wax Center | 2 | $878K | 0.0% (low risk) |
| Bad Ass Coffee of Hawaii | 2 | $1.5M | N/A |
| Golden Corral | 1 | $2.0M | 0.0% (low risk) |
| Russo's New York Pizzeria | 1 | $550K | 0.0% (low risk) |
| Super 8 Motel | 1 | $2.0M | 0.0% (low risk) |
| The Flying Locksmiths | 1 | $250K | 0.0% (low risk) |
| Smoothie King | 1 | $315K | 0.0% (low risk) |
| Kiddie Academy | 1 | $3.9M | 0.0% (low risk) |
| The UPS Store | 1 | $1.2M | 0.0% (low risk) |
| Snap-On Tools | 1 | $360K | 0.0% (low risk) |
| Smart Drinks | 1 | $150K | 0.0% (low risk) |
| America's Best Value Inn | 1 | $1.4M | 0.0% (low risk) |
| Beef 'o' Brady's Family Sports | 1 | $50K | 0.0% (low risk) |
| Parisi Speed School | 1 | $116K | N/A |
| Smoothie Rox | 1 | $270K | N/A |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
393.7% (low risk)
1N/A
1N/A
1N/A
1N/A
10.0% (low risk)
10.0% (low risk)
10.0% (low risk)
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
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 Third Coast Bank originated?
- 46 loans totaling $31.2M. The portfolio carries a 3.3% charge-off rate, earning a “EXCELLENT” 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 Third Coast Bank fund the most?
- The “Top franchise exposures” table above lists the brands Third Coast 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.