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SBA 7(a) franchise lending portfolio
Mechanics Bank
AVERAGE risk
- Total loans
- 109
- Loan volume
- $38.5M
- Avg loan size
- $353K
- Default rate
- 13.2%
- vs 15.4% national avg
Defaults
14
Avg interest
6.21%
Franchises funded
72
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 15 | $2.6M | 6.7% |
| Ace Hardware | 7 | $3.5M | 0.0% |
| Togo's Eatery | 3 | $528K | 0.0% |
| Mountain Mike's Pizza | 3 | $964K | 0.0% |
| Mail Boxes Etc. Usa | 3 | $358K | 0.0% |
| Jamba Juice | 3 | $2.7M | 0.0% |
| Chem-Dry | 2 | $255K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 2 | $295K | 0.0% |
| Sylvan Learning Center | 2 | $154K | 100.0% |
| Quiznos | 2 | $268K | 0.0% |
| Chevron (gas Station) | 2 | $2.1M | 50.0% |
| Little Gym | 2 | $650K | 0.0% |
| Dutch Bros. Coffee | 2 | $181K | 0.0% |
| Cold Stone Creamery, Inc. | 2 | $235K | 0.0% |
| Glass Doctor | 2 | $1.1M | 0.0% |
| Wendy's | 1 | $730K | 0.0% |
| Juice Club Inc. | 1 | $175K | 0.0% |
| Days Inn | 1 | $550K | 0.0% |
| Ramada Inn | 1 | $1.7M | 0.0% |
| Molly Maid | 1 | $30K | 0.0% |
Lending volume by year
1'92
1
3
4
5
7'97
2
3
3
4
4'02
9
4
5
2
6'07
9
7
7
1
4'12
1
1
4
2
3'17
3
4'19
Mechanics Bank default rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$38.5M
Defaults14 of 109
Risk tierAVERAGE
Avg rate6.21%
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%).