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SBA 7(a) franchise lending portfolio
United Bank
AVERAGE risk
- Total loans
- 113
- Loan volume
- $46.9M
- Avg loan size
- $415K
- Default rate
- 11.4%
- vs 15.4% national avg
Defaults
12
Avg interest
5.66%
Franchises funded
78
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 10 | $949K | 0.0% |
| Daily Grind | 5 | $257K | 0.0% |
| Gloria Jean's Coffee Bean | 4 | $672K | 50.0% |
| Days Inn | 3 | $4.6M | 50.0% |
| Firehouse Subs | 3 | $664K | 0.0% |
| Paul W. Davis Systems | 2 | $481K | 0.0% |
| Chop Chop | 2 | $405K | 0.0% |
| Dairy Queen | 2 | $135K | 0.0% |
| Dogtopia | 2 | $705K | 0.0% |
| Cold Stone Creamery, Inc. | 2 | $574K | 50.0% |
| Little Ceasar's Pizza | 2 | $370K | 0.0% |
| Val Pak | 2 | $300K | 0.0% |
| Remax | 2 | $45K | 0.0% |
| Ace Hardware | 2 | $1.0M | 50.0% |
| Rosati's Pizza | 2 | $934K | 0.0% |
| Sears Hometown Store | 2 | $60K | 0.0% |
| NAPA Auto Parts | 2 | $720K | 0.0% |
| Firehouse Subs | 2 | $567K | 0.0% |
| Kids 'R' Kids | 2 | $5.0M | 0.0% |
| Checkers | 2 | $1.5M | 0.0% |
Lending volume by year
2'92
4
4
10
6
4'97
5
1
1
3
1'02
6
4
2
4
4'07
3
4
1
3
3'12
2
7
3
6
3'18
3
4
5
5'22
United Bank default rate by loan vintage
BrandNational avg
Geographic exposure
2913.8%
2416.7%
2311.1%
110.0%
620.0%
50.0%
40.0%
30.0%
350.0%
20.0%
Portfolio summary
Total funded$46.9M
Defaults12 of 113
Risk tierAVERAGE
Avg rate5.66%
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%).