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SBA 7(a) franchise lending portfolio
Washington Trust Bank
EXCELLENT risk
- Total loans
- 88
- Loan volume
- $37.8M
- Avg loan size
- $430K
- Default rate
- 4.7%
- vs 15.4% national avg
Defaults
3
Avg interest
5.99%
Franchises funded
63
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fedex Ground | 4 | $625K | 0.0% |
| Great Clips | 3 | $498K | 0.0% |
| Do it Best – Membership Agreem | 3 | $588K | — |
| Orange Theory Fitness | 3 | $1.0M | 0.0% |
| Bruchi's Cheesesteaks And Subs | 2 | $322K | 0.0% |
| Fantastic Sam's | 2 | $120K | 0.0% |
| Servpro | 2 | $439K | 0.0% |
| Subway Sandwich Shop | 2 | $470K | 0.0% |
| Arby's | 2 | $628K | 0.0% |
| Play It Again Sports | 2 | $285K | 0.0% |
| Dutch Bros. Coffee | 2 | $1.4M | — |
| Jimmy John's | 2 | $985K | 0.0% |
| Massage Envy | 2 | $1.9M | 0.0% |
| Sealmaster | 2 | $1.1M | 0.0% |
| Dutch Bros. | 2 | $1.9M | 0.0% |
| The Flame Broiler | 2 | $225K | 0.0% |
| Baskin-Robbins | 2 | $162K | 0.0% |
| Growler Guys | 2 | $175K | 0.0% |
| Restoration1 | 2 | $150K | 0.0% |
| The UPS Store (f/k/a Mail Box | 2 | $1.4M | — |
Lending volume by year
1'92
3
5
1
1
4'97
1
1
2
1
1'03
3
2
1
5
13'15
3
8
5
5
5'20
7
1
3
3
2'25
1'26
Washington Trust Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$37.8M
Defaults3 of 88
Risk tierEXCELLENT
Avg rate5.99%
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%).