WT
SBA 7(a) franchise lending portfolio
Washington Trust Bank
Risk rating: Excellent
- Total loans
- 88
- Loan volume
- $37.8M
- Avg loan size
- $430K
- Charge-off rate
- 4.7%
- vs 16.0% national
Charged off
3
Avg interest
5.99%
Franchises funded
63
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Fedex Ground | 4 | $625K | N/A |
| Great Clips | 3 | $498K | N/A |
| Do it Best – Membership Agreem | 3 | $588K | N/A |
| Orange Theory Fitness | 3 | $1.0M | N/A |
| Bruchi's Cheesesteaks And Subs | 2 | $322K | N/A |
| Fantastic Sam's | 2 | $120K | N/A |
| Servpro | 2 | $439K | N/A |
| Subway Sandwich Shop | 2 | $470K | N/A |
| Arby's | 2 | $628K | N/A |
| Play It Again Sports | 2 | $285K | N/A |
| Dutch Bros. Coffee | 2 | $1.4M | N/A |
| Jimmy John's | 2 | $985K | N/A |
| Massage Envy | 2 | $1.9M | N/A |
| Sealmaster | 2 | $1.1M | N/A |
| Dutch Bros. | 2 | $1.9M | N/A |
| The Flame Broiler | 2 | $225K | N/A |
| Baskin-Robbins | 2 | $162K | N/A |
| Growler Guys | 2 | $175K | N/A |
| Restoration1 | 2 | $150K | N/A |
| The UPS Store (f/k/a Mail Box | 2 | $1.4M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 3 |
| FY1994 | 5 |
| FY1995 | 1 |
| FY1996 | 1 |
| FY1997 | 4 |
| FY1998 | 1 |
| FY1999 | 1 |
| FY2000 | 2 |
| FY2002 | 1 |
| FY2003 | 1 |
| FY2004 | 3 |
| FY2005 | 2 |
| FY2011 | 1 |
| FY2014 | 5 |
| FY2015 | 13 |
| FY2016 | 3 |
| FY2017 | 8 |
| FY2018 | 5 |
| FY2019 | 5 |
| FY2020 | 5 |
| FY2021 | 7 |
| FY2022 | 1 |
| FY2023 | 3 |
| FY2024 | 3 |
| FY2025 | 2 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Washington Trust Bank charge-off rate by loan vintage
Only 1 of these 10 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1993 | 3 | 0 | Too few |
| 1994 | 5 | 0 | Too few |
| 1997 | 4 | 0 | Too few |
| 2004 | 3 | 0 | Too few |
| 2014 | 4 | 1 | Too few |
| 2015 | 13 | 0 | 0.0% |
| 2017 | 7 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 5 | 0 | Too few |
| 2020 | 4 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
Portfolio summary
Total funded$37.8M
Charged off3 of 88
Risk tierExcellent
Avg rate5.99%
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 Washington Trust Bank originated?
- 88 loans totaling $37.8M. The portfolio carries a 4.7% 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Washington Trust Bank's rate of 4.7% is below the national rate.
- 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 Washington Trust Bank fund the most?
- The “Top franchise exposures” table above lists the brands Washington Trust 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.