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SBA 7(a) franchise lending portfolio
United Bank of Michigan
GOOD risk
- Total loans
- 13
- Loan volume
- $7.8M
- Avg loan size
- $598K
- Default rate
- 8.3%
- vs 15.4% national avg
Defaults
1
Avg interest
4.62%
Franchises funded
13
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Super Valu Supermarket | 1 | $375K | 0.0% |
| Radio Shack | 1 | $49K | 0.0% |
| Blimpie | 1 | $55K | 0.0% |
| Subway Sandwich Shop | 1 | $80K | 0.0% |
| Lentz Usa | 1 | $129K | 0.0% |
| Temporary Franchises | 1 | $30K | 0.0% |
| Taco Bell | 1 | $900K | 0.0% |
| Ponderosa Steak House | 1 | $715K | 0.0% |
| Speedy Sign-O-Rama | 1 | $100K | 100.0% |
| Do It Best Hardware | 1 | $103K | 0.0% |
| Mobil Oil (stations) | 1 | $2.0M | 0.0% |
| Big Boy | 1 | $478K | 0.0% |
| Ace Hardware | 1 | $2.8M | — |
Lending volume by year
2'94
2'96
1'97
4'98
1'04
1'06
1'17
1'21
Geographic exposure
138.3%
Portfolio summary
Total funded$7.8M
Defaults1 of 13
Risk tierGOOD
Avg rate4.62%
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%).