MB
SBA 7(a) franchise lending portfolio
Merchants Bank of Indiana
Risk rating: Excellent
- Total loans
- 174
- Loan volume
- $191.5M
- Avg loan size
- $1.1M
- Charge-off rate
- 0.0%
- vs 16.0% national
Charged off
0
Avg interest
7.62%
Franchises funded
86
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 35 | $16.5M | N/A |
| RhinoShield - Dealership/Suppl | 10 | $10.0M | N/A |
| Subway | 8 | $5.0M | N/A |
| National Oil & Gas Company Inc | 5 | $4.5M | N/A |
| Pure Barre | 5 | $1.6M | N/A |
| Best Western - Membership Agre | 4 | $12.0M | N/A |
| Dairy Queen Operating Agreemen | 4 | $3.6M | N/A |
| School of Rock | 4 | $1.4M | N/A |
| Days Inn by Wyndham | 3 | $8.1M | N/A |
| Super 8 by Wyndhan | 3 | $5.1M | N/A |
| Quality Inn by Choice Hotels / | 3 | $8.1M | N/A |
| Ricker Oil Company (Multiple | 3 | $3.6M | N/A |
| World Fuel Services, Inc Whole | 3 | $3.8M | N/A |
| CD One Price Cleaners | 3 | $1.8M | N/A |
| Zaxby's | 3 | $4.8M | N/A |
| G & G Oil - Complete Contract | 3 | $3.7M | N/A |
| Parent Petroleum (Unbranded) R | 2 | $3.2M | N/A |
| Sweet Paris Creperie & Cafe | 2 | $1.8M | N/A |
| Face Foundrie | 2 | $742K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2017 | 3 |
| FY2018 | 2 |
| FY2019 | 3 |
| FY2020 | 13 |
| FY2021 | 45 |
| FY2022 | 26 |
| FY2023 | 29 |
| FY2024 | 22 |
| FY2025 | 29 |
| FY2026 | 2 |
SBA 7(a) · charge-off rate by approval year
Merchants Bank of Indiana charge-off rate by loan vintage
Only 1 of these 4 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 |
|---|---|---|---|
| 2017 | 3 | 0 | Too few |
| 2020 | 9 | 0 | Too early |
| 2021 | 17 | 0 | 0.0% |
| 2022 | 4 | 0 | Too early |
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.
Geographic exposure
590.0% (excellent)
260.0% (excellent)
160.0% (excellent)
9N/A
8N/A
7N/A
7N/A
7N/A
5N/A
4N/A
Portfolio summary
Total funded$191.5M
Charged off0 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). 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 of Indiana's rate of 0.0% is below 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 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.