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SBA 7(a) franchise lending portfolio
Westfield Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $1.4M
- Avg loan size
- $116K
- Default 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% |
| UPS Store | 2 | $180K | 0.0% |
| Subway Sandwich Shop | 2 | $162K | 0.0% |
| Cottman Transmission | 2 | $175K | 100.0% |
| Eb Franchise Development Corp | 1 | $65K | 100.0% |
| The UPS Store | 1 | $175K | 0.0% |
| Taylor Rental Center | 1 | $200K | — |
| Matco Tools | 1 | $188K | — |
Lending volume by year
1'98
1'02
4'04
3'05
2'08
1'22
Geographic exposure
1230.0%
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
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%).