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SBA 7(a) franchise lending portfolio
Wachovia Bank, National Association
ELEVATED risk
- Total loans
- 19
- Loan volume
- $3.0M
- Avg loan size
- $157K
- Default rate
- 15.8%
- vs 15.4% national avg
Defaults
3
Avg interest
—
Franchises funded
15
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Mail Boxes Etc. Usa | 4 | $254K | 0.0% |
| Auto Check | 2 | $520K | 0.0% |
| Pizza Inn | 1 | $100K | 0.0% |
| Casa Ole | 1 | $310K | 0.0% |
| Sonic | 1 | $255K | 0.0% |
| Marble Slab Creamery | 1 | $140K | 0.0% |
| A+ Transmission | 1 | $235K | 0.0% |
| Dairy Queen | 1 | $100K | 100.0% |
| Chuck E. Cheese (show Biz Pizz | 1 | $392K | 0.0% |
| Wild Bird Marketplace | 1 | $84K | 100.0% |
| Subway Sandwich Shop | 1 | $70K | 0.0% |
| Precision Tune | 1 | $90K | 0.0% |
| Payless Car Rental System, Inc | 1 | $278K | 0.0% |
| Blimpie | 1 | $52K | 100.0% |
| Budget Blinds | 1 | $100K | 0.0% |
Lending volume by year
3'92
2'93
5'95
5'96
2'97
1'99
1'02
Wachovia Bank, National Association default rate by loan vintage
BrandNational avg
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%).