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SBA 7(a) franchise lending portfolio
Mechanics Cooperative Bank
EXCELLENT risk
- Total loans
- 10
- Loan volume
- $1.7M
- Avg loan size
- $166K
- Default 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% |
| Cornwell Quality Tool Company, | 1 | $85K | 0.0% |
| Jersey Mike's (deli Restaurant | 1 | $112K | 0.0% |
| Bevintel (f/K/A Bevinco) | 1 | $23K | 0.0% |
| Orange Leaf Frozen Yogurt | 1 | $280K | 0.0% |
| Subway | 1 | $215K | 0.0% |
| NerdsToGo | 1 | $150K | — |
| Honey Dew Donuts | 1 | $72K | 0.0% |
| Paul Green School Of Rock Musi | 1 | $141K | 0.0% |
| Aroma Joe's | 1 | $459K | — |
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%
10.0%
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
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%).