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SBA 7(a) franchise lending portfolio
Truist Bank
AVERAGE risk
- Total loans
- 1,505
- Loan volume
- $586.4M
- Avg loan size
- $390K
- Default rate
- 11.4%
- vs 15.4% national avg
Defaults
154
Avg interest
5.96%
Franchises funded
629
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 75 | $9.9M | 6.7% |
| Kids R Kids | 29 | $37.5M | 11.1% |
| Dunkin Donuts | 20 | $7.1M | 20.0% |
| Domino's Pizza | 18 | $2.5M | 5.6% |
| Mail Boxes Etc. Usa | 15 | $1.7M | 0.0% |
| The UPS Store | 14 | $3.5M | 33.3% |
| Dairy Queen | 13 | $6.0M | 0.0% |
| The UPS Store (f/k/a Mail Box | 13 | $6.5M | 0.0% |
| Post Net | 12 | $1.1M | 16.7% |
| Jersey Mike's (deli Restaurant | 12 | $1.3M | 0.0% |
| Mellow Mushroom | 12 | $10.0M | 10.0% |
| Econo Lodge Motel | 11 | $8.0M | 0.0% |
| Matco Tools (rent Tools) | 11 | $959K | 27.3% |
| Rita's Real Italian Water Ice | 11 | $2.4M | 9.1% |
| Blimpie | 10 | $690K | 10.0% |
| Schlotzsky's Sandwich Shop | 10 | $1.6M | 20.0% |
| Comfort Inn | 10 | $10.3M | 0.0% |
| Once Upon A Child | 10 | $1.6M | 0.0% |
| Quiznos | 10 | $1.5M | 10.0% |
| Bruster's | 9 | $4.2M | 0.0% |
Lending volume by year
34'92
47
54
101
44
66'97
33
51
48
43
65'02
52
69
76
18
25'07
50
40
38
33
22'12
11
63
61
69
78'17
48
72
33
19
17'22
14
5
5
1'26
Truist Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
35611.9%
2129.5%
2098.9%
15914.5%
11711.6%
1069.3%
769.0%
706.2%
5818.8%
3711.4%
Portfolio summary
Total funded$586.4M
Defaults154 of 1,505
Risk tierAVERAGE
Avg rate5.96%
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%).