WB
SBA 7(a) franchise lending portfolio
Westfield Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $1.4M
- Avg loan size
- $116K
- Charge-off rate
- 30.0%
- vs 15.4% national avg
Defaults
3
Avg interest
5.25%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hannoush Jewelers | 2 | $250K | 0.0% (low risk) |
| UPS Store | 2 | $180K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $162K | 0.0% (low risk) |
| Cottman Transmission | 2 | $175K | 100.0% (very high risk) |
| Eb Franchise Development Corp | 1 | $65K | 100.0% (very high risk) |
| The UPS Store | 1 | $175K | 0.0% (low risk) |
| Taylor Rental Center | 1 | $200K | N/A |
| Matco Tools | 1 | $188K | N/A |
Lending volume by year
1'98
1'02
4'04
3'05
2'08
1'22
Geographic exposure
1230.0% (very high risk)
Portfolio summary
Total funded$1.4M
Defaults3 of 12
Risk tierCRITICAL
Avg rate5.25%
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 Westfield Bank originated?
- 12 loans totaling $1.4M. The portfolio carries a 30.0% 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 Westfield Bank fund the most?
- The “Top franchise exposures” table above lists the brands Westfield 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.