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SBA 7(a) franchise lending portfolio
Verve, a Credit Union
GOOD risk
- Total loans
- 13
- Loan volume
- $2.9M
- Avg loan size
- $224K
- Default rate
- 7.7%
- vs 15.4% national avg
Defaults
1
Avg interest
5.54%
Franchises funded
10
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Al's Chicago's #1 Italian Beef | 3 | $254K | 0.0% |
| Dunkin Donuts | 2 | $365K | 0.0% |
| Mailboxes & Parcel Depot | 1 | $100K | 0.0% |
| All Tune And Lube | 1 | $90K | 0.0% |
| Baymont Inns & Suites | 1 | $720K | 0.0% |
| Car-X Auto Service | 1 | $573K | 0.0% |
| Nancy's Pizza | 1 | $180K | 100.0% |
| Al's Beef | 1 | $300K | 0.0% |
| The UPS Store | 1 | $180K | 0.0% |
| Haagen-Dazs Ice Cream | 1 | $150K | 0.0% |
Lending volume by year
2'94
2'96
1'09
2'10
1'12
1'13
2'14
1'15
1'16
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%).