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SBA 7(a) franchise lending portfolio
Maine Community Bank
CRITICAL risk
- Total loans
- 17
- Loan volume
- $8.3M
- Avg loan size
- $485K
- Default rate
- 22.2%
- vs 15.4% national avg
Defaults
2
Avg interest
6.22%
Franchises funded
13
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hannaford Bros. Co., LLC - Mas | 3 | $5.2M | — |
| Batteries Plus Bulbs | 2 | $325K | 0.0% |
| Subway | 2 | $326K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $42K | 0.0% |
| Adventures In Advertising | 1 | $25K | 0.0% |
| Quiznos | 1 | $130K | 100.0% |
| Home Helpers | 1 | $20K | 100.0% |
| Batteries Plus | 1 | $25K | 0.0% |
| Heidi's Brooklyn Deli | 1 | $360K | 0.0% |
| Hilton Hotels & Resorts | 1 | $350K | 0.0% |
| Home Instead/Home Instead Seni | 1 | $500K | — |
| Tailored Living | 1 | $640K | — |
| RE/MAX of New England | 1 | $287K | — |
Lending volume by year
2'06
1'09
1'11
1'15
2'16
1'18
1'20
2'22
4'23
2'24
Geographic exposure
1722.2%
Portfolio summary
Total funded$8.3M
Defaults2 of 17
Risk tierCRITICAL
Avg rate6.22%
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%).