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SBA 7(a) franchise lending portfolio
Manufacturers and Traders Trust Company
AVERAGE risk
- Total loans
- 1,808
- Loan volume
- $381.8M
- Avg loan size
- $211K
- Default rate
- 13.2%
- vs 15.4% national avg
Defaults
178
Avg interest
7.32%
Franchises funded
748
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 75 | $8.2M | 5.3% |
| Quiznos | 38 | $5.6M | 18.4% |
| The UPS Store (f/k/a Mail Box | 35 | $6.0M | 28.6% |
| Dunkin Donuts | 31 | $11.7M | 0.0% |
| Subway | 28 | $3.2M | 16.7% |
| Subway | 15 | $2.2M | 28.6% |
| Servpro | 13 | $3.2M | 0.0% |
| Curves For Women | 11 | $585K | 0.0% |
| Dairy Queen | 11 | $1.6M | 9.1% |
| Mail Boxes Etc. Usa | 11 | $1.2M | 9.1% |
| Jersey Mike's | 11 | $3.9M | 0.0% |
| Rita's Ice-Custard-Happiness | 11 | $1.9M | 0.0% |
| All Tune And Lube | 10 | $896K | 30.0% |
| Great Clips | 10 | $920K | 0.0% |
| Plato's Closet | 10 | $2.0M | 0.0% |
| Meineke Car Care | 9 | $1.8M | 0.0% |
| Gold's Gym | 9 | $4.5M | 0.0% |
| Fedex Ground | 9 | $1.0M | 55.6% |
| Play It Again Sports (retail S | 8 | $820K | 62.5% |
| Domino's Pizza | 8 | $1.6M | 0.0% |
Lending volume by year
22'92
16
20
34
31
40'97
30
34
39
27
50'02
52
47
55
22
33'07
36
16
29
24
22'12
46
104
102
89
59'17
129
132
60
65
87'22
80
40
95
41'26
Manufacturers and Traders Trust Company default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
45713.2%
34418.1%
34210.9%
19810.4%
10118.3%
9211.1%
7810.9%
789.7%
3117.2%
2917.2%
Portfolio summary
Total funded$381.8M
Defaults178 of 1,808
Risk tierAVERAGE
Avg rate7.32%
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%).