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SBA 7(a) franchise lending portfolio
TowneBank
AVERAGE risk
- Total loans
- 20
- Loan volume
- $4.5M
- Avg loan size
- $224K
- Default rate
- 10.5%
- vs 15.4% national avg
Defaults
2
Avg interest
6.70%
Franchises funded
15
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 2 | $245K | 0.0% |
| Great Harvest Bread Co. | 2 | $350K | 0.0% |
| Rainbow International Corporat | 2 | $460K | 0.0% |
| Zoyo Neighborhood Yogurt | 2 | $199K | 0.0% |
| Hand And Stone | 2 | $788K | 0.0% |
| Coffee Beanery (retail Coffee) | 1 | $315K | 0.0% |
| Discount Bridal | 1 | $20K | 0.0% |
| Minuteman Press | 1 | $225K | 100.0% |
| Petland | 1 | $215K | 0.0% |
| Quiznos | 1 | $120K | 100.0% |
| Signs By Tomorrow | 1 | $80K | 0.0% |
| Fedex Ground | 1 | $122K | 0.0% |
| Amramp/American Ramp Systems | 1 | $970K | 0.0% |
| 5 Day Kitchens | 1 | $200K | 0.0% |
| Rita's Ice-Custard-Happiness | 1 | $179K | — |
Lending volume by year
1'95
1'96
1'98
1'01
1'05
1'06
1'09
3'12
4'14
3'16
2'18
1'24
TowneBank default rate by loan vintage
BrandNational avg
Geographic exposure
1911.1%
10.0%
Portfolio summary
Total funded$4.5M
Defaults2 of 20
Risk tierAVERAGE
Avg rate6.70%
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%).