WB
SBA 7(a) franchise lending portfolio
Wachovia Bank, National Association
ELEVATED risk
- Total loans
- 19
- Loan volume
- $3.0M
- Avg loan size
- $157K
- Charge-off rate
- 15.8%
- vs 15.4% national avg
Defaults
3
Avg interest
N/A
Franchises funded
15
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Mail Boxes Etc. Usa | 4 | $254K | 0.0% (low risk) |
| Auto Check | 2 | $520K | 0.0% (low risk) |
| Pizza Inn | 1 | $100K | 0.0% (low risk) |
| Casa Ole | 1 | $310K | 0.0% (low risk) |
| Sonic | 1 | $255K | 0.0% (low risk) |
| Marble Slab Creamery | 1 | $140K | 0.0% (low risk) |
| A+ Transmission | 1 | $235K | 0.0% (low risk) |
| Dairy Queen | 1 | $100K | 100.0% (very high risk) |
| Chuck E. Cheese (show Biz Pizz | 1 | $392K | 0.0% (low risk) |
| Wild Bird Marketplace | 1 | $84K | 100.0% (very high risk) |
| Subway Sandwich Shop | 1 | $70K | 0.0% (low risk) |
| Precision Tune | 1 | $90K | 0.0% (low risk) |
| Payless Car Rental System, Inc | 1 | $278K | 0.0% (low risk) |
| Blimpie | 1 | $52K | 100.0% (very high risk) |
| Budget Blinds | 1 | $100K | 0.0% (low risk) |
Lending volume by year
3'92
2'93
5'95
5'96
2'97
1'99
1'02
Wachovia Bank, National Association charge-off rate by loan vintage
BrandNational avg
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off 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%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Wachovia Bank, National Association originated?
- 19 loans totaling $3.0M. The portfolio carries a 15.8% charge-off rate, earning a “ELEVATED” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Wachovia Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands Wachovia Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.