Huntington National Bank
SBA 7(a) Lender — StretchLab (Midwest)
Huntington National Bank carries an RS Index score of 50 out of 100 — Constructed Persona. Low RS scores reflect a documented gap between projected identity and verifiable reality, based on public records, regulatory filings, and franchise relations history. Under standard coalition monitoring.
Background
High volume of mid-west SBA 7(a) loans for StretchLab franchise units. StretchLab reported -12% same-store sales in Q4 2025, with an estimated 12–15% loan default rate. Huntington's exposure to the StretchLab portfolio represents significant charge-off risk as the brand contracts. The FTC consent order provides a legal foundation for franchisee borrowers to argue fraudulent inducement.
RS Index Analysis
RS = ((O + C + I) / 30) × 100 = 50.0Huntington holds a concentrated SBA 7(a) portfolio in StretchLab franchise units in the Midwest. StretchLab reported -12% same-store sales in Q4 2025, with documented SBA default rates of 12–15% — the highest in the XPO lender portfolio. Ordinary SBA lender conduct (reliance on FDD disclosures) was exercised on an FDD the FTC later found deceptive.
Huntington's lending pattern for StretchLab follows standard SBA underwriting — consistent with industry practice but consistently applied to a franchise system with documented disclosure irregularities.
Huntington faces the highest current charge-off risk in the XPO lender cohort due to StretchLab's documented Q4 2025 performance decline and elevated default rates. SBA Certification deadline (June 30, 2026) could block new StretchLab franchise loans entirely.
Loyalty Avatar — Huntington lent within the system as presented to it, relying on FDD representations the FTC later found deceptive. Structural complicity without individual deliberate misconduct is the defining characteristic of Loyalty Avatar in the lender category.
RS Index — Audit Glitches
1 documentedStretchLab concentration risk: Huntington holds the highest documented SBA exposure to StretchLab units among tracked lenders — the brand reported -12% same-store sales in Q4 2025, carrying the highest single-brand default concentration risk in the lender cohort. Source: Coalition lender research; XPOF Q4 2025 earnings call.
This lender holds SBA 7(a) loan exposure across Xponential Fitness franchise units. These loans were approved based on FDD disclosures the FTC formally found to be deceptive in its March 18, 2026 consent order (Case No. 8:26-CV-00610).
Coalition members financed through this lender should reference the FTC consent order as evidence of fraudulent inducement when negotiating loan modifications, workouts, or forgiveness programs.
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