EB
SBA 7(a) franchise lending portfolio
Eastern Bank
GOOD risk
- Total loans
- 174
- Loan volume
- $36.7M
- Avg loan size
- $211K
- Charge-off rate
- 9.2%
- vs 15.4% national avg
Defaults
14
Avg interest
6.09%
Franchises funded
109
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 10 | $961K | 0.0% (low risk) |
| Ameriprise Financial Services | 8 | $436K | 0.0% (low risk) |
| Honey Dew Donuts | 5 | $905K | 0.0% (low risk) |
| Minuteman Press | 5 | $1.2M | 20.0% (very high risk) |
| Domino's Pizza | 4 | $850K | 0.0% (low risk) |
| Servpro | 4 | $400K | 0.0% (low risk) |
| Fitness Together (f/K/A Fitnes | 4 | $299K | 0.0% (low risk) |
| Fitness Together | 4 | $324K | 0.0% (low risk) |
| Ben & Jerry's | 4 | $1.3M | 0.0% (low risk) |
| Wings To Go | 3 | $591K | 66.7% (very high risk) |
| btone FITNESS | 3 | $607K | 0.0% (low risk) |
| Subway | 3 | $518K | 0.0% (low risk) |
| Honey Dew Donuts | 3 | $598K | 50.0% (very high risk) |
| UPS Store | 2 | $270K | 0.0% (low risk) |
| Quiznos | 2 | $420K | 0.0% (low risk) |
| Planet Fitness | 2 | $300K | 0.0% (low risk) |
| Sign-A-Rama | 2 | $85K | 50.0% (very high risk) |
| Meineke | 2 | $100K | 50.0% (very high risk) |
| Paul Davis Restoration | 2 | $400K | 0.0% (low risk) |
| Ben & Jerry's Ice Cream | 2 | $300K | 0.0% (low risk) |
Lending volume by year
1'92
1
2
2
4
1'98
1
1
1
1
8'03
6
10
10
3
4'08
7
7
3
13
11'13
13
5
7
6
13'18
5
7
5
2
7'23
3
4'25
Eastern Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
1059.8% (moderate risk)
408.6% (moderate risk)
244.5% (low risk)
333.3% (very high risk)
20.0% (low risk)
Portfolio summary
Total funded$36.7M
Defaults14 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). 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 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.