WB
SBA 7(a) franchise lending portfolio
WaFd Bank
AVERAGE risk
- Total loans
- 10
- Loan volume
- $1.7M
- Avg loan size
- $173K
- Charge-off 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% (low risk) |
| Cottman Transmission | 2 | $246K | 0.0% (low risk) |
| Goldies Patio Restaurants | 1 | $805K | 0.0% (low risk) |
| Keva Juice | 1 | $163K | 0.0% (low risk) |
| Extra Innings Training Centers | 1 | $220K | 100.0% (very high risk) |
| Putt Putt Golf Course | 1 | $30K | 0.0% (low risk) |
| Edible Arrangements | 1 | $100K | N/A |
| TemperaturePro | 1 | $50K | N/A |
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
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 WaFd Bank originated?
- 10 loans totaling $1.7M. The portfolio carries a 12.5% charge-off rate, earning a “AVERAGE” 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 WaFd Bank fund the most?
- The “Top franchise exposures” table above lists the brands WaFd Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.