EB
SBA 7(a) franchise lending portfolio
Eastern Bank
Risk rating: Good
- Total loans
- 174
- Loan volume
- $36.7M
- Avg loan size
- $211K
- Charge-off rate
- 9.2%
- vs 16.0% national
Charged off
14
Avg interest
6.09%
Franchises funded
109
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 13 | $1.5M | 0.0% (excellent) |
| Ameriprise Financial Services | 8 | $436K | N/A |
| Honey Dew Donuts | 8 | $1.5M | N/A |
| Minuteman Press | 5 | $1.2M | N/A |
| Domino's Pizza | 4 | $850K | N/A |
| Servpro | 4 | $400K | N/A |
| Fitness Together (f/K/A Fitnes | 4 | $299K | N/A |
| Fitness Together | 4 | $324K | N/A |
| Ben & Jerry's | 4 | $1.3M | N/A |
| Wings To Go | 3 | $591K | N/A |
| btone FITNESS | 3 | $607K | N/A |
| UPS Store | 2 | $270K | N/A |
| Quiznos | 2 | $420K | N/A |
| Planet Fitness | 2 | $300K | N/A |
| Sign-A-Rama | 2 | $85K | N/A |
| Meineke | 2 | $100K | N/A |
| Paul Davis Restoration | 2 | $400K | N/A |
| Ben & Jerry's Ice Cream | 2 | $300K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 1 |
| FY1994 | 2 |
| FY1996 | 2 |
| FY1997 | 4 |
| FY1998 | 1 |
| FY1999 | 1 |
| FY2000 | 1 |
| FY2001 | 1 |
| FY2002 | 1 |
| FY2003 | 8 |
| FY2004 | 6 |
| FY2005 | 10 |
| FY2006 | 10 |
| FY2007 | 3 |
| FY2008 | 4 |
| FY2009 | 7 |
| FY2010 | 7 |
| FY2011 | 3 |
| FY2012 | 13 |
| FY2013 | 11 |
| FY2014 | 13 |
| FY2015 | 5 |
| FY2016 | 7 |
| FY2017 | 6 |
| FY2018 | 13 |
| FY2019 | 5 |
| FY2020 | 7 |
| FY2021 | 5 |
| FY2022 | 2 |
| FY2023 | 7 |
| FY2024 | 3 |
| FY2025 | 4 |
SBA 7(a) · charge-off rate by approval year
Eastern Bank: highest rate in the 2005 loan year, 40.0%
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1997 | 4 | 0 | Too few |
| 2003 | 8 | 0 | Too few |
| 2004 | 6 | 0 | Too few |
| 2005 | 10 | 4 | 40.0% |
| 2006 | 10 | 4 | 40.0% |
| 2007 | 3 | 1 | Too few |
| 2008 | 4 | 0 | Too few |
| 2009 | 7 | 0 | Too few |
| 2010 | 7 | 0 | Too few |
| 2011 | 3 | 0 | Too few |
| 2012 | 13 | 0 | 0.0% |
| 2013 | 11 | 2 | 18.2% |
| 2014 | 13 | 1 | 7.7% |
| 2015 | 5 | 0 | Too few |
| 2016 | 7 | 0 | Too few |
| 2017 | 5 | 0 | Too few |
| 2018 | 12 | 1 | 8.3% |
| 2019 | 3 | 0 | Too few |
| 2020 | 4 | 0 | Too early |
| 2021 | 3 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
1059.8% (good)
408.6% (good)
244.5% (excellent)
3N/A
2N/A
Portfolio summary
Total funded$36.7M
Charged off14 of 174
Risk tierGood
Avg rate6.09%
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 Eastern Bank originated?
- 174 loans totaling $36.7M. The portfolio carries a 9.2% charge-off rate, earning a “Good” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Eastern Bank's rate of 9.2% is below the national rate.
- 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 Eastern Bank fund the most?
- The “Top franchise exposures” table above lists the brands Eastern 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.