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SBA 7(a) franchise lending portfolio
Union State Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $2.5M
- Avg loan size
- $211K
- Default rate
- 33.3%
- vs 15.4% national avg
Defaults
4
Avg interest
5.88%
Franchises funded
11
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Baskin-Robbins 31 Ice Cream | 2 | $395K | 100.0% |
| Amoco (gas Station) | 1 | $400K | 0.0% |
| Seven-Eleven (7-11) Food Store | 1 | $60K | 0.0% |
| Prudential Realtors (the) | 1 | $332K | 0.0% |
| Subway Sandwich Shop | 1 | $150K | 0.0% |
| Furniture Medic | 1 | $25K | 0.0% |
| Mr. Electric | 1 | $43K | 100.0% |
| Happy Chef | 1 | $300K | 0.0% |
| Sears Catalog Store | 1 | $145K | 0.0% |
| Gambino's Pizza | 1 | $232K | 0.0% |
| Huddle House | 1 | $450K | 100.0% |
Lending volume by year
1'94
1'96
1'97
1'03
2'04
1'05
1'07
2'08
1'10
1'11
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%).