MB
SBA 7(a) franchise lending portfolio
MainStreet Bank
CRITICAL risk
- Total loans
- 12
- Loan volume
- $2.9M
- Avg loan size
- $244K
- Charge-off rate
- 41.7%
- vs 15.4% national avg
Defaults
5
Avg interest
5.81%
Franchises funded
8
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Clix | 3 | $812K | 100.0% (very high risk) |
| Quiznos | 2 | $395K | 100.0% (very high risk) |
| Goddard Early Learning Center | 2 | $500K | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 1 | $300K | 0.0% (low risk) |
| Pure Barre | 1 | $90K | 0.0% (low risk) |
| Great Harvest Bread Co. | 1 | $520K | 0.0% (low risk) |
| Code Ninjas | 1 | $239K | 0.0% (low risk) |
| Gotcha Covered | 1 | $73K | 0.0% (low risk) |
Lending volume by year
4'06
3'07
1'09
1'10
1'16
1'21
1'22
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 MainStreet Bank originated?
- 12 loans totaling $2.9M. The portfolio carries a 41.7% charge-off rate, earning a “CRITICAL” 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 MainStreet Bank fund the most?
- The “Top franchise exposures” table above lists the brands MainStreet 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.