![Farmers & Merchants State Bank logo](https://cdn.brandfetch.io/farmersandmerchantsstatebank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
Farmers & Merchants State Bank
EXCELLENT risk
- Total loans
- 15
- Loan volume
- $2.2M
- Avg loan size
- $149K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.46%
Franchises funded
7
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Papa Murphy's Take & Bake Pizz | 6 | $579K | 0.0% |
| Massage Envy | 4 | $740K | 0.0% |
| New York Subs | 1 | $140K | 0.0% |
| Postal Annex Plus | 1 | $135K | 0.0% |
| Aire Serv (h&ac) | 1 | $87K | 0.0% |
| Health Mart Inc. | 1 | $175K | 0.0% |
| Massage Envy | 1 | $380K | 0.0% |
Lending volume by year
1'01
1'03
3'05
2'07
2'08
3'10
2'11
1'19
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%).