M&
SBA 7(a) franchise lending portfolio
Merchants & Marine Bank
GOOD risk
- Total loans
- 23
- Loan volume
- $5.8M
- Avg loan size
- $251K
- Charge-off rate
- 9.1%
- vs 15.4% national avg
Defaults
1
Avg interest
9.10%
Franchises funded
15
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Glamour Shots | 2 | $395K | 50.0% (very high risk) |
| Servicemaster | 2 | $110K | 0.0% (low risk) |
| Ace Hardware | 2 | $530K | 0.0% (low risk) |
| RobotLAB | 2 | $552K | N/A |
| Knuckies Hoagies | 2 | $325K | N/A |
| Crumbl | 2 | $572K | N/A |
| Parlor Doughnuts | 2 | $1.6M | N/A |
| Balloon King | 2 | $285K | N/A |
| A-1 Auto Care | 1 | $95K | 0.0% (low risk) |
| General Nutrition Center | 1 | $94K | 0.0% (low risk) |
| Radio Shack | 1 | $86K | 0.0% (low risk) |
| Salons by JC | 1 | $404K | 0.0% (low risk) |
| Napa AutoCare Program Membersh | 1 | $426K | 0.0% (low risk) |
| Crs | 1 | $100K | N/A |
| Play It Again Sports | 1 | $200K | N/A |
Lending volume by year
2'93
1'95
1'02
1'03
1'04
1'10
2'11
1'12
1'15
3'23
2'24
7'25
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 & Marine Bank originated?
- 23 loans totaling $5.8M. The portfolio carries a 9.1% charge-off rate, earning a “GOOD” 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 & Marine Bank fund the most?
- The “Top franchise exposures” table above lists the brands Merchants & Marine Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.