MB
SBA 7(a) franchise lending portfolio
Merchants Bank of Indiana
EXCELLENT risk
- Total loans
- 174
- Loan volume
- $191.5M
- Avg loan size
- $1.1M
- Charge-off 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% (low risk) |
| RhinoShield - Dealership/Suppl | 10 | $10.0M | 0.0% (low risk) |
| Subway | 8 | $5.0M | 0.0% (low risk) |
| National Oil & Gas Company Inc | 5 | $4.5M | 0.0% (low risk) |
| Best Western - Membership Agre | 4 | $12.0M | 0.0% (low risk) |
| Dairy Queen Operating Agreemen | 4 | $3.6M | 0.0% (low risk) |
| School of Rock | 4 | $1.4M | 0.0% (low risk) |
| Pure Barre | 3 | $1.1M | 0.0% (low risk) |
| Days Inn by Wyndham | 3 | $8.1M | 0.0% (low risk) |
| Super 8 by Wyndhan | 3 | $5.1M | N/A |
| Quality Inn by Choice Hotels / | 3 | $8.1M | 0.0% (low risk) |
| Ricker Oil Company (Multiple | 3 | $3.6M | 0.0% (low risk) |
| World Fuel Services, Inc Whole | 3 | $3.8M | 0.0% (low risk) |
| CD One Price Cleaners | 3 | $1.8M | 0.0% (low risk) |
| Zaxby's | 3 | $4.8M | N/A |
| G & G Oil - Complete Contract | 3 | $3.7M | 0.0% (low risk) |
| Pure Barre | 2 | $575K | 0.0% (low risk) |
| Parent Petroleum (Unbranded) R | 2 | $3.2M | 0.0% (low risk) |
| Sweet Paris Creperie & Cafe | 2 | $1.8M | N/A |
| Face Foundrie | 2 | $742K | N/A |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
590.0% (low risk)
260.0% (low risk)
160.0% (low risk)
90.0% (low risk)
80.0% (low risk)
7N/A
70.0% (low risk)
7N/A
50.0% (low risk)
40.0% (low risk)
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
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 of Indiana originated?
- 174 loans totaling $191.5M. 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 Merchants Bank of Indiana fund the most?
- The “Top franchise exposures” table above lists the brands Merchants Bank of Indiana has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.