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SBA 7(a) franchise lending portfolio
Mercantile Bank
AVERAGE risk
- Total loans
- 31
- Loan volume
- $6.5M
- Avg loan size
- $208K
- Default rate
- 10.3%
- vs 15.4% national avg
Defaults
3
Avg interest
5.54%
Franchises funded
25
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Great Clips | 2 | $149K | 0.0% |
| Stone Mountain Carpet Mill Out | 2 | $285K | 0.0% |
| Ace Hardware | 2 | $775K | 0.0% |
| Subway Sandwich Shop | 2 | $370K | 0.0% |
| Biggby Coffee | 2 | $417K | 0.0% |
| Pure Barre | 2 | $460K | 0.0% |
| One-Hour Moto Photo | 1 | $150K | 0.0% |
| Post Net | 1 | $50K | 0.0% |
| Dream Dinners | 1 | $150K | 100.0% |
| Once Upon A Child | 1 | $200K | 0.0% |
| Big Boy | 1 | $1.1M | 0.0% |
| Little Ceasar's Pizza | 1 | $100K | 0.0% |
| Samuel Mancino's Italian Eater | 1 | $104K | 100.0% |
| Camp Bow Wow | 1 | $183K | 0.0% |
| Play N Trade | 1 | $119K | 100.0% |
| Sunoco Service Station | 1 | $155K | 0.0% |
| Beaner's Gourmet Coffee | 1 | $135K | 0.0% |
| Cold Stone Creamery, Inc. | 1 | $350K | 0.0% |
| Interstate All Battery Center | 1 | $250K | 0.0% |
| Little Caesar Pizza | 1 | $37K | 0.0% |
Lending volume by year
1'93
1'99
1'01
1'03
1'05
2'06
2'07
5'08
1'09
4'10
1'12
3'13
4'14
1'16
1'17
1'18
1'22
Mercantile Bank default rate by loan vintage
BrandNational avg
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%).