F&
SBA 7(a) franchise lending portfolio
Farmers & Merchants State Bank
EXCELLENT risk
- Total loans
- 15
- Loan volume
- $2.2M
- Avg loan size
- $149K
- Charge-off 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% (low risk) |
| Massage Envy | 4 | $740K | 0.0% (low risk) |
| New York Subs | 1 | $140K | 0.0% (low risk) |
| Postal Annex Plus | 1 | $135K | 0.0% (low risk) |
| Aire Serv (h&ac) | 1 | $87K | 0.0% (low risk) |
| Health Mart Inc. | 1 | $175K | 0.0% (low risk) |
| Massage Envy | 1 | $380K | 0.0% (low risk) |
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
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 Farmers & Merchants State Bank originated?
- 15 loans totaling $2.2M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 Farmers & Merchants State Bank fund the most?
- The “Top franchise exposures” table above lists the brands Farmers & Merchants State 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.