HC
SBA 7(a) franchise lending portfolio
Hanover Community Bank
Risk rating: Excellent
- Total loans
- 123
- Loan volume
- $218.2M
- Avg loan size
- $1.8M
- Charge-off rate
- 0.0%
- vs 16.0% national
Charged off
0
Avg interest
8.18%
Franchises funded
78
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Red Roof Inn | 7 | $25.7M | N/A |
| Motel 6 | 6 | $10.8M | N/A |
| Super 8 by Wyndhan | 6 | $16.4M | N/A |
| Quality Inn by Choice Hotels / | 4 | $10.5M | N/A |
| Rita's Ice-Custard-Happiness | 4 | $2.3M | N/A |
| Matto Expresso | 4 | $708K | N/A |
| Oola Bowls | 4 | $2.2M | N/A |
| Dunkin' Donuts | 4 | $5.3M | N/A |
| MAACO | 3 | $2.8M | N/A |
| Carpet One Floor & Home®, by C | 3 | $3.8M | N/A |
| 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 | N/A |
| 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 |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2015 | 4 |
| FY2016 | 1 |
| FY2017 | 1 |
| FY2018 | 9 |
| FY2019 | 14 |
| FY2020 | 7 |
| FY2021 | 13 |
| FY2022 | 11 |
| FY2023 | 9 |
| FY2024 | 30 |
| FY2025 | 18 |
| FY2026 | 6 |
SBA 7(a) · charge-off rate by approval year
Hanover Community Bank charge-off rate by loan vintage
None of these 5 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2015 | 3 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 9 | 0 | Too few |
| 2020 | 4 | 0 | Too early |
| 2021 | 3 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
270.0% (excellent)
210.0% (excellent)
180.0% (excellent)
8N/A
7N/A
7N/A
6N/A
5N/A
4N/A
3N/A
Portfolio summary
Total funded$218.2M
Charged off0 of 123
Risk tierExcellent
Avg rate8.18%
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 Hanover Community Bank originated?
- 123 loans totaling $218.2M. 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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Hanover Community Bank's rate of 0.0% is below the national rate.
- 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 Hanover Community Bank fund the most?
- The “Top franchise exposures” table above lists the brands Hanover Community 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.