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SBA 7(a) franchise lending portfolio
Valley National Bank
ELEVATED risk
- Total loans
- 385
- Loan volume
- $130.5M
- Avg loan size
- $339K
- Default rate
- 15.9%
- vs 15.4% national avg
Defaults
53
Avg interest
7.50%
Franchises funded
168
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Quiznos | 38 | $6.9M | 10.5% |
| Subway Sandwich Shop | 28 | $4.0M | 21.4% |
| Hollywood Tans | 26 | $5.9M | 16.0% |
| Rita's Real Italian Water Ice | 12 | $2.4M | 16.7% |
| Edible Arrangements | 11 | $1.7M | 9.1% |
| Dunkin Donuts | 10 | $5.0M | 0.0% |
| Goddard Early Learning Center | 10 | $3.8M | 0.0% |
| Matco Tools (rent Tools) | 7 | $627K | 0.0% |
| Mail Boxes Etc. Usa | 7 | $1.2M | 0.0% |
| Tropical Smoothie Cafe | 7 | $3.4M | 0.0% |
| Dairy Queen | 6 | $1.3M | 33.3% |
| AAMCO Transmissions | 5 | $1.1M | 0.0% |
| Carvel Ice Cream | 5 | $912K | 40.0% |
| Foxtail Coffee Co | 5 | $2.8M | — |
| Petrucci's Dairy Barn | 4 | $492K | 0.0% |
| Blimpie | 4 | $347K | 0.0% |
| Shake A Paw Puppies | 3 | $266K | 100.0% |
| Domino's Pizza | 3 | $570K | 0.0% |
| Gold's Gym | 3 | $1.5M | 0.0% |
| Manhattan Bagel Co. | 3 | $360K | 0.0% |
Lending volume by year
3'92
1
7
7
16
10'98
11
10
20
35
51'03
28
32
12
23
11'08
1
1
1
3
2'13
5
2
4
5
18'18
13
2
8
10
11'23
11
9
2'26
Valley National Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
15720.4%
796.4%
4828.3%
345.9%
234.8%
110.0%
911.1%
616.7%
40.0%
425.0%
Portfolio summary
Total funded$130.5M
Defaults53 of 385
Risk tierELEVATED
Avg rate7.50%
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%).