SBA franchise lending
Lending Explorer
Compare franchise lending performance across SBA 7(a) loans (the most common SBA program, covering working capital, equipment, and real estate) and 504 loans (fixed-asset financing through Certified Development Companies). Filter by program, risk rating, and state.
Source: SBA FOIA loan-level data through FY 2024. Charge-off rates reflect cumulative experience of resolved loans. Rates for recent approval years are based on partial cohorts and will change as loans season.
This is an independent research tool and is not affiliated with, endorsed by, or a product of the U.S. Small Business Administration. Nothing here constitutes financial, lending, or legal advice. Methodology
National overview
- Lenders tracked
- 1,033
- Total loans
- 143,527
- Total volume
- $87.0B
- States
- 53
- 7(a) default
- 16.0%
- 504 default
- 13.7%
Loan charge-off rate by approval year
Each bar shows defaults for loans approved that year. Older loans have had more time to resolve, so early years appear higher.
| Year | 7(a) charge-off rate | 7(a) loans | Maturity |
|---|---|---|---|
| 1992 | 9.4% | 1,138 | Mature |
| 1993 | 9.4% | 1,358 | Mature |
| 1994 | 11.6% | 1,791 | Mature |
| 1995 | 16.8% | 2,756 | Mature |
| 1996 | 16.3% | 2,751 | Mature |
| 1997 | 16.6% | 2,837 | Mature |
| 1998 | 18.2% | 2,271 | Mature |
| 1999 | 18.8% | 2,497 | Mature |
| 2000 | 19.1% | 2,699 | Mature |
| 2001 | 19.5% | 2,559 | Mature |
| 2002 | 17.0% | 3,646 | Mature |
| 2003 | 18.8% | 4,396 | Mature |
| 2004 | 20.9% | 4,677 | Mature |
| 2005 | 25.5% | 4,887 | Mature |
| 2006 | 35.5% | 3,134 | Mature |
| 2007 | 38.1% | 3,246 | Mature |
| 2008 | 32.8% | 2,990 | Mature |
| 2009 | 14.9% | 1,808 | Mature |
| 2010 | 8.8% | 2,046 | Mature |
| 2011 | 7.5% | 2,227 | Mature |
| 2012 | 7.1% | 2,193 | Mature |
| 2013 | 6.9% | 2,749 | Mature |
| 2014 | 8.1% | 4,076 | Mature |
| 2015 | 9.9% | 4,966 | Mature |
| 2016 | 11.2% | 4,595 | Mature |
| 2017 | 13.1% | 4,233 | Mature |
| 2018 | 13.1% | 4,470 | Maturing (rate will change) |
| 2019 | 10.9% | 3,681 | Maturing (rate will change) |
| 2020 | 7.8% | 2,608 | Maturing (rate will change) |
| 2021 | 6.4% | 2,756 | Maturing (rate will change) |
| 2022 | 9.0% | 1,367 | Maturing (rate will change) |
| 2023 | 9.5% | 842 | Maturing (rate will change) |
| 2024 | 2.3% | 258 | Maturing (rate will change) |
| 2025 | 0.0% | 42 | Maturing (rate will change) |
Lender rankings
Top 25 of 294 lenders by total loans
| # | Lender | Loans | Volume | Avg loan | Loan default % | Brands served | Rating |
|---|---|---|---|---|---|---|---|
| 1 | TH The Huntington National Bank | 9,261 | $2.6B | $279K | 11.5% (elevated risk) | 1,705 | AVERAGE |
| 2 | WF Wells Fargo Bank National Association | 7,487 | $3.2B | $421K | 17.1% (high risk) | 1,592 | ELEVATED |
| 3 | UM United Midwest Savings Bank National Association | 4,281 | $895.2M | $209K | 36.5% (very high risk) | 581 | CRITICAL |
| 4 | RL Readycap Lending, LLC | 4,149 | $2.3B | $543K | 32.4% (very high risk) | 959 | CRITICAL |
| 5 | PB PNC Bank, National Association | 3,449 | $1.2B | $353K | 17.1% (high risk) | 982 | ELEVATED |
| 6 | SB Stearns Bank National Association | 3,342 | $976.0M | $292K | 13.0% (elevated risk) | 960 | AVERAGE |
| 7 | JC JPMorgan Chase Bank, National Association | 3,108 | $753.3M | $242K | 14.2% (elevated risk) | 1,093 | AVERAGE |
| 8 | BO Bank of America, National Association | 2,329 | $426.7M | $183K | 15.0% (high risk) | 733 | ELEVATED |
| 9 | UB U.S. Bank, National Association | 2,064 | $731.5M | $354K | 14.5% (elevated risk) | 855 | AVERAGE |
| 10 | LO Live Oak Banking Company | 1,972 | $2.4B | $1.2M | 2.3% (low risk) | 305 | EXCELLENT |
| 11 | CB Celtic Bank Corporation | 1,932 | $1.7B | $862K | 28.0% (very high risk) | 750 | CRITICAL |
| 12 | SB Simmons Bank | 1,888 | $616.6M | $327K | 13.6% (elevated risk) | 424 | AVERAGE |
| 13 | CB Comerica Bank | 1,811 | $769.0M | $425K | 33.0% (very high risk) | 416 | CRITICAL |
| 14 | MA Manufacturers and Traders Trust Company | 1,808 | $381.8M | $211K | 13.2% (elevated risk) | 748 | AVERAGE |
| 15 | TB TD Bank, National Association | 1,736 | $769.9M | $444K | 15.1% (high risk) | 646 | ELEVATED |
| 16 | KN KeyBank National Association | 1,530 | $600.1M | $392K | 11.7% (elevated risk) | 602 | AVERAGE |
| 17 | TB Truist Bank | 1,505 | $586.4M | $390K | 11.4% (elevated risk) | 629 | AVERAGE |
| 18 | ZB Zions Bank, A Division of | 1,421 | $384.8M | $271K | 15.6% (high risk) | 628 | ELEVATED |
| 19 | PB Popular Bank | 1,275 | $311.5M | $244K | 48.1% (very high risk) | 276 | CRITICAL |
| 20 | CB Cadence Bank | 1,189 | $1.0B | $845K | 9.6% (moderate risk) | 586 | GOOD |
| 21 | CB Citizens Bank | 1,154 | $755.8M | $655K | 12.9% (elevated risk) | 459 | AVERAGE |
| 22 | BB BMO Bank National Association | 1,101 | $356.2M | $323K | 13.2% (elevated risk) | 452 | AVERAGE |
| 23 | CB Columbia Bank | 1,100 | $762.4M | $693K | 13.6% (elevated risk) | 459 | AVERAGE |
| 24 | FB First Bank of the Lake | 1,016 | $596.0M | $587K | 3.5% (low risk) | 400 | EXCELLENT |
| 25 | NS Newtek Small Business Finance, Inc. | 961 | $458.4M | $477K | 19.2% (high risk) | 505 | ELEVATED |
All 25 visible lenders are 7(a) banks because they dominate by volume. Filter to “504” to see CDCs ranked separately.
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