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SBA 7(a) franchise lending portfolio
U.S. Bank, National Association
AVERAGE risk
- Total loans
- 2,064
- Loan volume
- $731.5M
- Avg loan size
- $354K
- Default rate
- 14.5%
- vs 15.4% national avg
Defaults
252
Avg interest
6.90%
Franchises funded
855
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 84 | $9.6M | 3.6% |
| Dairy Queen | 42 | $13.3M | 7.1% |
| Quiznos | 39 | $5.4M | 15.4% |
| The UPS Store (f/k/a Mail Box | 39 | $15.1M | 0.0% |
| Allstate Insurance | 23 | $10.7M | 0.0% |
| Baskin-Robbins 31 Ice Cream | 22 | $2.9M | 22.7% |
| Mail Boxes Etc. Usa | 20 | $1.8M | 15.0% |
| Days Inn | 20 | $20.8M | 5.0% |
| Mr. Goodcents Sub' And Pasta | 18 | $1.9M | 11.1% |
| Ramada Inn | 16 | $13.8M | 31.2% |
| Super 8 Motel | 16 | $14.7M | 13.3% |
| Cold Stone Creamery, Inc. | 15 | $2.5M | 13.3% |
| The UPS Store | 15 | $2.1M | 7.7% |
| Anytime Fitness | 15 | $4.2M | 7.1% |
| Blimpie | 12 | $1.1M | 16.7% |
| Papa Murphy's Take & Bake Pizz | 12 | $1.3M | 0.0% |
| Planet Fitness | 12 | $15.0M | 0.0% |
| Ace Hardware | 11 | $3.9M | 9.1% |
| MAACO Auto Painting Center | 11 | $5.2M | 9.1% |
| Domino's Pizza | 11 | $1.2M | 9.1% |
Lending volume by year
65'92
54
66
115
87
81'97
57
94
71
40
43'02
61
66
89
64
46'07
41
32
17
17
47'12
77
89
79
64
62'17
48
86
37
40
38'22
48
61
67
15'26
U.S. Bank, National Association default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
49312.2%
17513.4%
1425.2%
12117.9%
11420.9%
11219.2%
9310.0%
9023.5%
8314.3%
7825.0%
Portfolio summary
Total funded$731.5M
Defaults252 of 2,064
Risk tierAVERAGE
Avg rate6.90%
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%).