WP
SBA 7(a) franchise lending portfolio
Wasatch Peaks FCU
CRITICAL risk
- Total loans
- 10
- Loan volume
- $1.6M
- Avg loan size
- $160K
- Charge-off rate
- 20.0%
- vs 15.4% national avg
Defaults
1
Avg interest
6.25%
Franchises funded
5
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| FiiZ Drinks | 5 | $717K | 0.0% (low risk) |
| Cinch I.T. | 2 | $430K | N/A |
| Snap Fitness | 1 | $50K | 100.0% (very high risk) |
| Crumbl | 1 | $206K | 0.0% (low risk) |
| The Back Nine | 1 | $200K | N/A |
Lending volume by year
1'11
1'16
1'20
2'21
1'22
1'23
1'24
2'25
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 Wasatch Peaks FCU originated?
- 10 loans totaling $1.6M. The portfolio carries a 20.0% charge-off rate, earning a “CRITICAL” 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 Wasatch Peaks FCU fund the most?
- The “Top franchise exposures” table above lists the brands Wasatch Peaks FCU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.