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SBA 7(a) franchise lending portfolio
Hanover Community Bank
EXCELLENT risk
- Total loans
- 123
- Loan volume
- $218.2M
- Avg loan size
- $1.8M
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
8.18%
Franchises funded
78
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Red Roof Inn | 7 | $25.7M | 0.0% |
| Motel 6 | 6 | $10.8M | 0.0% |
| Super 8 by Wyndhan | 6 | $16.4M | 0.0% |
| Quality Inn by Choice Hotels / | 4 | $10.5M | 0.0% |
| Rita's Ice-Custard-Happiness | 4 | $2.3M | — |
| Matto Expresso | 4 | $708K | — |
| Oola Bowls | 4 | $2.2M | 0.0% |
| Dunkin' Donuts | 4 | $5.3M | 0.0% |
| MAACO | 3 | $2.8M | 0.0% |
| Carpet One Floor & Home®, by C | 3 | $3.8M | 0.0% |
| La Quinta by Wyndham a.k.a. La | 2 | $8.7M | — |
| Candlewood Suites | 2 | $10.0M | — |
| Comfort Inn by Choice Hotels/C | 2 | $7.9M | 0.0% |
| Philly Pretzel Factory | 2 | $500K | — |
| Auntie Anne's | 2 | $1.0M | — |
| Hotworx | 2 | $941K | — |
| Teriyaki Madness | 2 | $1.3M | — |
| Baymont by Wyndham aka Baymont | 2 | $7.3M | — |
| West Coast Sourdough Deli | 2 | $2.6M | — |
| Rodeway Inn by Choice Hotels/R | 2 | $3.9M | — |
Lending volume by year
4'15
1'16
1'17
9'18
14'19
7'20
13'21
11'22
9'23
30'24
18'25
6'26
Hanover Community Bank default rate by loan vintage
BrandNational avg
Geographic exposure
270.0%
210.0%
180.0%
8—
70.0%
6—
5—
4—
Portfolio summary
Total funded$218.2M
Defaults0 of 123
Risk tierEXCELLENT
Avg rate8.18%
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%).