![WaFd Bank logo](https://cdn.brandfetch.io/wafdbank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
WaFd Bank
AVERAGE risk
- Total loans
- 10
- Loan volume
- $1.7M
- Avg loan size
- $173K
- Default rate
- 12.5%
- vs 15.4% national avg
Defaults
1
Avg interest
11.38%
Franchises funded
8
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Merle Norman Cosmetics | 2 | $120K | 0.0% |
| Cottman Transmission | 2 | $246K | 0.0% |
| Goldies Patio Restaurants | 1 | $805K | 0.0% |
| Keva Juice | 1 | $163K | 0.0% |
| Extra Innings Training Centers | 1 | $220K | 100.0% |
| Putt Putt Golf Course | 1 | $30K | 0.0% |
| Edible Arrangements | 1 | $100K | — |
| TemperaturePro | 1 | $50K | — |
Lending volume by year
1'97
1'00
2'01
1'04
2'05
1'06
1'25
1'26
Geographic exposure
Portfolio summary
Total funded$1.7M
Defaults1 of 10
Risk tierAVERAGE
Avg rate11.38%
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%).