MC
SBA 7(a) franchise lending portfolio
Mechanics Cooperative Bank
EXCELLENT risk
- Total loans
- 10
- Loan volume
- $1.7M
- Avg loan size
- $166K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.22%
Franchises funded
10
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Planet Smoothie | 1 | $120K | 0.0% (low risk) |
| Cornwell Quality Tool Company, | 1 | $85K | 0.0% (low risk) |
| Jersey Mike's (deli Restaurant | 1 | $112K | 0.0% (low risk) |
| Bevintel (f/K/A Bevinco) | 1 | $23K | 0.0% (low risk) |
| Orange Leaf Frozen Yogurt | 1 | $280K | 0.0% (low risk) |
| Subway | 1 | $215K | 0.0% (low risk) |
| NerdsToGo | 1 | $150K | N/A |
| Honey Dew Donuts | 1 | $72K | 0.0% (low risk) |
| Paul Green School Of Rock Musi | 1 | $141K | 0.0% (low risk) |
| Aroma Joe's | 1 | $459K | N/A |
Lending volume by year
1'04
2'09
1'12
1'13
1'14
1'15
1'17
1'19
1'21
Geographic exposure
90.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$1.7M
Defaults0 of 10
Risk tierEXCELLENT
Avg rate6.22%
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 Mechanics Cooperative Bank originated?
- 10 loans totaling $1.7M. 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). 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 Mechanics Cooperative Bank fund the most?
- The “Top franchise exposures” table above lists the brands Mechanics Cooperative 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.