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SBA 7(a) franchise lending portfolio
Merchants & Marine Bank
GOOD risk
- Total loans
- 23
- Loan volume
- $5.8M
- Avg loan size
- $251K
- Default 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% |
| Servicemaster | 2 | $110K | 0.0% |
| Ace Hardware | 2 | $530K | 0.0% |
| RobotLAB | 2 | $552K | — |
| Knuckies Hoagies | 2 | $325K | — |
| Crumbl | 2 | $572K | — |
| Parlor Doughnuts | 2 | $1.6M | — |
| Balloon King | 2 | $285K | — |
| A-1 Auto Care | 1 | $95K | 0.0% |
| General Nutrition Center | 1 | $94K | 0.0% |
| Radio Shack | 1 | $86K | 0.0% |
| Salons by JC | 1 | $404K | 0.0% |
| Napa AutoCare Program Membersh | 1 | $426K | 0.0% |
| Crs | 1 | $100K | — |
| Play It Again Sports | 1 | $200K | — |
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
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%).