Question 1

How many SBA 7(a) franchise loans has Hanover Community Bank originated?

Accepted Answer

Hanover Community Bank has originated 123 SBA 7(a) franchise loans totaling $218.2M. The portfolio's charge-off rate is 0.0%, which earns a "EXCELLENT" risk rating per our methodology (Excellent <5% / Good 5-10% / Average 10-15% / Elevated 15-20% / High Risk >20%).

Question 2

What is the charge-off rate and why does it matter?

Accepted Answer

A charge-off is a loan the lender has written off as a loss after the borrower stopped paying. 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. Hanover Community Bank's rate of 0.0% is below the national average.

Question 3

Where does this lending data come from?

Accepted Answer

SBA 7(a) loan records released under the Freedom of Information Act. Each record includes approval date, amount, lender, borrower business type, NAICS code, location, and outcome (paid-in-full, charged-off, active). We match each franchise loan to a brand using normalized name matching. Methodology details at /methodology.

Question 4

Which franchise brands does Hanover Community Bank fund the most?

Accepted Answer

The "Top franchise exposures" table on this page lists the brands Hanover Community Bank has the largest concentration in by loan count. Click any brand to see its full FDD-disclosed financials, growth trajectory, and brand-specific SBA loan performance across all lenders.

Franchise	Loans	Volume	Default %
Red Roof Inn	7	$25.7M	0.0% (low risk)
Motel 6	6	$10.8M	0.0% (low risk)
Super 8 by Wyndhan	6	$16.4M	0.0% (low risk)
Quality Inn by Choice Hotels /	4	$10.5M	0.0% (low risk)
Rita's Ice-Custard-Happiness	4	$2.3M	N/A
Matto Expresso	4	$708K	N/A
Oola Bowls	4	$2.2M	0.0% (low risk)
Dunkin' Donuts	4	$5.3M	0.0% (low risk)
MAACO	3	$2.8M	0.0% (low risk)
Carpet One Floor & Home®, by C	3	$3.8M	0.0% (low risk)
La Quinta by Wyndham a.k.a. La	2	$8.7M	N/A
Candlewood Suites	2	$10.0M	N/A
Comfort Inn by Choice Hotels/C	2	$7.9M	0.0% (low risk)
Philly Pretzel Factory	2	$500K	N/A
Auntie Anne's	2	$1.0M	N/A
Hotworx	2	$941K	N/A
Teriyaki Madness	2	$1.3M	N/A
Baymont by Wyndham aka Baymont	2	$7.3M	N/A
West Coast Sourdough Deli	2	$2.6M	N/A
Rodeway Inn by Choice Hotels/R	2	$3.9M	N/A

Hanover Community Bank

Top franchise exposures

Lending volume by year

Geographic exposure

Portfolio summary

Frequently asked questions