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SBA 7(a) franchise lending portfolio
Wachovia SBA Lending, Inc.
EXCELLENT risk
- Total loans
- 192
- Loan volume
- $127.4M
- Avg loan size
- $664K
- Default rate
- 2.6%
- vs 15.4% national avg
Defaults
5
Avg interest
—
Franchises funded
91
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Big O Tires | 17 | $11.9M | 0.0% |
| Dairy Queen | 10 | $5.0M | 0.0% |
| Mail Boxes Etc. Usa | 6 | $1.4M | 0.0% |
| Subway Sandwich Shop | 6 | $2.1M | 0.0% |
| Grease Monkey | 6 | $5.7M | 16.7% |
| MAACO Auto Painting Center | 5 | $2.5M | 0.0% |
| Primrose School (daycare) | 5 | $8.2M | 0.0% |
| Days Inn | 4 | $3.6M | 0.0% |
| Bw-3 (buffalo Wings And Weck) | 4 | $2.0M | 0.0% |
| Dunkin Donuts | 4 | $2.4M | 0.0% |
| Melting Pot | 4 | $870K | 0.0% |
| Servicemaster | 4 | $1.5M | 0.0% |
| Arco (gas Station) | 4 | $4.4M | 0.0% |
| Sonic | 4 | $4.0M | 0.0% |
| Kids R Kids | 4 | $5.7M | 0.0% |
| Pearle Vision Center | 3 | $1.1M | 0.0% |
| Domino's Pizza | 3 | $480K | 0.0% |
| Sears Catalog Store | 3 | $1.3M | 0.0% |
| Arby's | 3 | $2.3M | 0.0% |
| Togo's Eatery | 3 | $1.9M | 0.0% |
Lending volume by year
2'92
4'94
8'95
3'96
1'97
41'99
33'00
20'01
25'02
21'03
25'04
7'05
1'06
1'07
Wachovia SBA Lending, Inc. default rate by loan vintage
BrandNational avg
Geographic exposure
283.6%
2015.0%
170.0%
170.0%
90.0%
80.0%
80.0%
80.0%
80.0%
60.0%
Portfolio summary
Total funded$127.4M
Defaults5 of 192
Risk tierEXCELLENT
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%).