MB
SBA 7(a) franchise lending portfolio
Merchants Bank, National Association
Risk rating: High Risk
- Total loans
- 51
- Loan volume
- $19.5M
- Avg loan size
- $382K
- Charge-off rate
- 28.3%
- vs 16.0% national
Charged off
13
Avg interest
5.61%
Franchises funded
37
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Nick-N-Willy's Pizza | 4 | $595K | N/A |
| Pizza Factory | 3 | $230K | N/A |
| Cold Stone Creamery, Inc. | 3 | $633K | N/A |
| Fitness Together | 3 | $284K | N/A |
| Subway Sandwich Shop | 3 | $1.1M | N/A |
| Certa Propainters | 2 | $237K | N/A |
| Computer Renaissance | 2 | $167K | N/A |
| Jersey Mike's | 2 | $682K | N/A |
| Super 8 Motel | 1 | $945K | N/A |
| Fantastic Sam's | 1 | $60K | N/A |
| Exchaust Pro | 1 | $95K | N/A |
| Play It Again Sports (retail S | 1 | $100K | N/A |
| Travel Network | 1 | $60K | N/A |
| Erbert & Gerbert's Subs & Club | 1 | $210K | N/A |
| Card$mart | 1 | $150K | N/A |
| General Nutrition Center | 1 | $128K | N/A |
| Servicemaster | 1 | $700K | N/A |
| Culver's Frozen Custard | 1 | $309K | N/A |
| Dairy Queen | 1 | $320K | N/A |
| Mail Boxes Etc. Usa | 1 | $138K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1995 | 1 |
| FY1997 | 2 |
| FY1998 | 2 |
| FY2000 | 2 |
| FY2003 | 3 |
| FY2004 | 6 |
| FY2005 | 2 |
| FY2006 | 2 |
| FY2007 | 2 |
| FY2008 | 6 |
| FY2009 | 3 |
| FY2011 | 3 |
| FY2013 | 3 |
| FY2014 | 1 |
| FY2015 | 3 |
| FY2017 | 1 |
| FY2018 | 1 |
| FY2019 | 1 |
| FY2020 | 2 |
| FY2022 | 3 |
| FY2023 | 1 |
SBA 7(a) · charge-off rate by approval year
Merchants Bank, National Association charge-off rate by loan vintage
None of these 7 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2003 | 3 | 2 | Too few |
| 2004 | 6 | 1 | Too few |
| 2008 | 6 | 6 | Too few |
| 2009 | 3 | 1 | Too few |
| 2011 | 3 | 0 | Too few |
| 2013 | 3 | 0 | Too few |
| 2015 | 3 | 0 | Too few |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 Merchants Bank, National Association originated?
- 51 loans totaling $19.5M. The portfolio carries a 28.3% charge-off rate, earning a “High Risk” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Merchants Bank, National Association's rate of 28.3% is above the national rate.
- 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 Merchants Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands Merchants Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.