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SBA 7(a) franchise lending portfolio
Westamerica Bank
CRITICAL risk
- Total loans
- 42
- Loan volume
- $7.5M
- Avg loan size
- $179K
- Default rate
- 24.4%
- vs 15.4% national avg
Defaults
10
Avg interest
—
Franchises funded
29
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $520K | 0.0% |
| Ace Hardware | 4 | $1.1M | 50.0% |
| Togo's Eatery | 3 | $280K | 0.0% |
| Chubby's | 2 | $243K | 50.0% |
| Papyrus (retail Paper) | 2 | $348K | 0.0% |
| Taco Bell | 2 | $275K | 0.0% |
| AAMCO Transmissions | 2 | $583K | 50.0% |
| Wingstop Restaurant | 2 | $680K | 0.0% |
| Best Western Inn | 1 | $925K | 0.0% |
| Shell Service Station | 1 | $150K | 0.0% |
| Executrain | 1 | $75K | 0.0% |
| Lisa's Tea Treasures | 1 | $100K | 100.0% |
| Foster Freeze | 1 | $203K | 0.0% |
| Schlotzsky's Sandwich Shop | 1 | $232K | 0.0% |
| Minuteman Press | 1 | $100K | 100.0% |
| Saturday's Family Hair Care | 1 | $60K | 0.0% |
| Round Table Pizza | 1 | $100K | 0.0% |
| Supercuts | 1 | $50K | 0.0% |
| Alphagraphics, Printshops Of T | 1 | $215K | 100.0% |
| Surf City Squeeze | 1 | $135K | 0.0% |
Lending volume by year
6'92
5'93
6'94
9'95
3'96
1'97
1'00
1'01
1'04
1'05
5'06
3'07
Westamerica Bank default rate by loan vintage
BrandNational avg
Geographic exposure
4224.4%
Portfolio summary
Total funded$7.5M
Defaults10 of 42
Risk tierCRITICAL
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%).