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SBA 7(a) franchise lending portfolio
Thread Bank
AVERAGE risk
- Total loans
- 28
- Loan volume
- $28.1M
- Avg loan size
- $1.0M
- Default rate
- 12.0%
- vs 15.4% national avg
Defaults
3
Avg interest
5.74%
Franchises funded
24
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fitness Together (f/K/A Fitnes | 2 | $547K | 0.0% |
| Best Western Inn | 2 | $2.0M | 0.0% |
| Econo Lodge Motel | 2 | $1.0M | 0.0% |
| Comfort Inn | 2 | $5.4M | 0.0% |
| Puroclean | 1 | $100K | 0.0% |
| Shell Service Station | 1 | $975K | 0.0% |
| Super 8 Motel | 1 | $1.2M | 0.0% |
| Primo Hoagies | 1 | $242K | 0.0% |
| Firehouse Subs | 1 | $296K | 0.0% |
| Econo Lodge | 1 | $2.1M | 0.0% |
| Bruster's | 1 | $541K | 0.0% |
| Little Caesars | 1 | $230K | 100.0% |
| Tin Drum Asia Cafe | 1 | $150K | 0.0% |
| Tom And Chee | 1 | $187K | 100.0% |
| Wingate Inns | 1 | $2.9M | 0.0% |
| Menchie's | 1 | $150K | 0.0% |
| The Cleaning Authority | 1 | $242K | 0.0% |
| Shuckin' Shack Oyster Bar | 1 | $150K | 100.0% |
| Clarion Inn & Suites | 1 | $2.6M | 0.0% |
| Exxon | 1 | $664K | — |
Lending volume by year
1'11
5'12
9'13
4'14
8'15
1'16
Thread Bank default rate by loan vintage
BrandNational avg
Geographic exposure
922.2%
80.0%
20.0%
20.0%
20.0%
2100.0%
10.0%
10.0%
10.0%
Portfolio summary
Total funded$28.1M
Defaults3 of 28
Risk tierAVERAGE
Avg rate5.74%
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%).