WS
SBA 7(a) franchise lending portfolio
Western State Bank
CRITICAL risk
- Total loans
- 38
- Loan volume
- $28.1M
- Avg loan size
- $740K
- Charge-off rate
- 20.0%
- vs 15.4% national avg
Defaults
4
Avg interest
7.66%
Franchises funded
16
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Little Caesars | 9 | $8.6M | 0.0% (low risk) |
| Marco's Pizza | 6 | $1.7M | 33.3% (very high risk) |
| Altitude Trampoline Park | 4 | $9.8M | N/A |
| Planet Fitness | 3 | $2.0M | 0.0% (low risk) |
| Papa Murphy's Take 'N' Bake Pi | 3 | $1.1M | 100.0% (very high risk) |
| Firehouse Subs | 2 | $674K | 0.0% (low risk) |
| Subway | 2 | $353K | N/A |
| Blimpie | 1 | $83K | 0.0% (low risk) |
| The UPS Store | 1 | $304K | 0.0% (low risk) |
| Rosati's Pizza | 1 | $345K | 0.0% (low risk) |
| Jimmy John's | 1 | $475K | 0.0% (low risk) |
| Jersey Mike's | 1 | $1.2M | 0.0% (low risk) |
| Anytime Fitness | 1 | $124K | 0.0% (low risk) |
| The UPS Store (f/k/a Mail Box | 1 | $279K | N/A |
| F45 Training | 1 | $495K | N/A |
| Orange Theory Fitness | 1 | $550K | 0.0% (low risk) |
Lending volume by year
1'02
1'05
1'09
1'10
1'12
1'18
6'20
10'21
4'22
6'23
6'24
Geographic exposure
625.0% (very high risk)
60.0% (low risk)
50.0% (low risk)
40.0% (low risk)
475.0% (very high risk)
20.0% (low risk)
20.0% (low risk)
1N/A
10.0% (low risk)
1N/A
Portfolio summary
Total funded$28.1M
Defaults4 of 38
Risk tierCRITICAL
Avg rate7.66%
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 Western State Bank originated?
- 38 loans totaling $28.1M. 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 Western State Bank fund the most?
- The “Top franchise exposures” table above lists the brands Western State 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.