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SBA 7(a) franchise lending portfolio
Merchants Bank of Indiana
EXCELLENT risk
- Total loans
- 174
- Loan volume
- $191.5M
- Avg loan size
- $1.1M
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.62%
Franchises funded
86
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 35 | $16.5M | 0.0% |
| RhinoShield - Dealership/Suppl | 10 | $10.0M | 0.0% |
| Subway | 8 | $5.0M | 0.0% |
| National Oil & Gas Company Inc | 5 | $4.5M | 0.0% |
| Best Western - Membership Agre | 4 | $12.0M | 0.0% |
| Dairy Queen Operating Agreemen | 4 | $3.6M | 0.0% |
| School of Rock | 4 | $1.4M | 0.0% |
| Pure Barre | 3 | $1.1M | 0.0% |
| Days Inn by Wyndham | 3 | $8.1M | 0.0% |
| Super 8 by Wyndhan | 3 | $5.1M | — |
| Quality Inn by Choice Hotels / | 3 | $8.1M | 0.0% |
| Ricker Oil Company (Multiple | 3 | $3.6M | 0.0% |
| World Fuel Services, Inc Whole | 3 | $3.8M | 0.0% |
| CD One Price Cleaners | 3 | $1.8M | 0.0% |
| Zaxby's | 3 | $4.8M | — |
| G & G Oil - Complete Contract | 3 | $3.7M | 0.0% |
| Pure Barre | 2 | $575K | 0.0% |
| Parent Petroleum (Unbranded) R | 2 | $3.2M | 0.0% |
| Sweet Paris Creperie & Cafe | 2 | $1.8M | — |
| Face Foundrie | 2 | $742K | — |
Lending volume by year
3'17
2'18
3'19
13'20
45'21
26'22
29'23
22'24
29'25
2'26
Merchants Bank of Indiana default rate by loan vintage
BrandNational avg
Geographic exposure
590.0%
260.0%
160.0%
90.0%
80.0%
70.0%
50.0%
40.0%
Portfolio summary
Total funded$191.5M
Defaults0 of 174
Risk tierEXCELLENT
Avg rate7.62%
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%).