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SBA 7(a) franchise lending portfolio
Time Bank
CRITICAL risk
- Total loans
- 27
- Loan volume
- $3.6M
- Avg loan size
- $134K
- Default rate
- 30.8%
- vs 15.4% national avg
Defaults
8
Avg interest
6.15%
Franchises funded
17
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Rocky Mountain Chocolate Facto | 5 | $335K | 40.0% |
| Play It Again Sports (retail S | 2 | $152K | 0.0% |
| Subway Sandwich Shop | 2 | $215K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 2 | $190K | 0.0% |
| Shoes-N-Feet | 2 | $45K | 50.0% |
| Closet Tailors | 2 | $50K | 0.0% |
| Cornwell Quality Tool Company, | 2 | $173K | 0.0% |
| Floor Covering International | 1 | $20K | 0.0% |
| Hobbytown Usa | 1 | $140K | 0.0% |
| Premier Rental Purchase | 1 | $600K | 100.0% |
| Wsi Ice Business | 1 | $90K | 100.0% |
| Diet Center | 1 | $40K | 100.0% |
| Panchero's Mexican Grill | 1 | $611K | 0.0% |
| Mailboxes & Parcel Depot | 1 | $150K | 100.0% |
| Little Ceasar's Pizza | 1 | $500K | 0.0% |
| Bevintel (f/K/A Bevinco) | 1 | $65K | 100.0% |
| Mooyah | 1 | $250K | — |
Lending volume by year
1'93
1'94
2'95
1'97
1'00
1'02
1'03
5'04
3'05
2'07
4'08
2'09
2'12
1'21
Time Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$3.6M
Defaults8 of 27
Risk tierCRITICAL
Avg rate6.15%
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%).