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SBA 7(a) franchise lending portfolio
Watertown Savings Bank
CRITICAL risk
- Total loans
- 14
- Loan volume
- $1.5M
- Avg loan size
- $104K
- Default rate
- 30.8%
- vs 15.4% national avg
Defaults
4
Avg interest
6.32%
Franchises funded
9
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 5 | $275K | 0.0% |
| Quiznos | 2 | $188K | 100.0% |
| Quizno's Subs | 1 | $110K | 0.0% |
| Medicine Shoppe | 1 | $50K | 0.0% |
| Dunkin Donuts | 1 | $162K | 0.0% |
| Save-A-Lot Food Stores | 1 | $350K | 0.0% |
| Jakes WayBack Burgers | 1 | $112K | 100.0% |
| The UPS Store (f/k/a Mail Box | 1 | $80K | — |
| Jake's Wayback Burgers | 1 | $125K | 100.0% |
Lending volume by year
1'01
2'02
3'03
1'04
1'06
1'07
1'09
1'12
1'14
1'15
1'19
Geographic exposure
1430.8%
Portfolio summary
Total funded$1.5M
Defaults4 of 14
Risk tierCRITICAL
Avg rate6.32%
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%).