WS
SBA 7(a) franchise lending portfolio
Wachovia SBA Lending, Inc.
EXCELLENT risk
- Total loans
- 192
- Loan volume
- $127.4M
- Avg loan size
- $664K
- Charge-off rate
- 2.6%
- vs 15.4% national avg
Defaults
5
Avg interest
N/A
Franchises funded
91
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Big O Tires | 17 | $11.9M | 0.0% (low risk) |
| Dairy Queen | 10 | $5.0M | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 6 | $1.4M | 0.0% (low risk) |
| Subway Sandwich Shop | 6 | $2.1M | 0.0% (low risk) |
| Grease Monkey | 6 | $5.7M | 16.7% (high risk) |
| MAACO Auto Painting Center | 5 | $2.5M | 0.0% (low risk) |
| Primrose School (daycare) | 5 | $8.2M | 0.0% (low risk) |
| Days Inn | 4 | $3.6M | 0.0% (low risk) |
| Bw-3 (buffalo Wings And Weck) | 4 | $2.0M | 0.0% (low risk) |
| Dunkin Donuts | 4 | $2.4M | 0.0% (low risk) |
| Melting Pot | 4 | $870K | 0.0% (low risk) |
| Servicemaster | 4 | $1.5M | 0.0% (low risk) |
| Arco (gas Station) | 4 | $4.4M | 0.0% (low risk) |
| Sonic | 4 | $4.0M | 0.0% (low risk) |
| Kids R Kids | 4 | $5.7M | 0.0% (low risk) |
| Pearle Vision Center | 3 | $1.1M | 0.0% (low risk) |
| Domino's Pizza | 3 | $480K | 0.0% (low risk) |
| Sears Catalog Store | 3 | $1.3M | 0.0% (low risk) |
| Arby's | 3 | $2.3M | 0.0% (low risk) |
| Togo's Eatery | 3 | $1.9M | 0.0% (low risk) |
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. charge-off rate by loan vintage
BrandNational avg
Geographic exposure
283.6% (low risk)
2015.0% (high risk)
170.0% (low risk)
170.0% (low risk)
90.0% (low risk)
80.0% (low risk)
80.0% (low risk)
80.0% (low risk)
80.0% (low risk)
60.0% (low risk)
Portfolio summary
Total funded$127.4M
Defaults5 of 192
Risk tierEXCELLENT
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 SBA Lending, Inc. originated?
- 192 loans totaling $127.4M. The portfolio carries a 2.6% charge-off rate, earning a “EXCELLENT” 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 SBA Lending, Inc. fund the most?
- The “Top franchise exposures” table above lists the brands Wachovia SBA Lending, Inc. has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.