MB
SBA 7(a) franchise lending portfolio
Meridian Bank
Risk rating: Excellent
- Total loans
- 130
- Loan volume
- $105.3M
- Avg loan size
- $810K
- Charge-off rate
- 0.0%
- vs 16.0% national
Charged off
0
Avg interest
6.53%
Franchises funded
64
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Scooter's Coffee | 10 | $8.2M | N/A |
| Servpro | 8 | $12.5M | N/A |
| Restore Hyper Wellness | 6 | $3.1M | N/A |
| Jersey Mike's | 5 | $2.1M | N/A |
| School of Rock | 4 | $2.2M | N/A |
| Little Caesars | 4 | $1.6M | N/A |
| YogaSix | 4 | $2.0M | N/A |
| Dunkin' Donuts | 4 | $2.5M | N/A |
| Ellie Mental Health | 4 | $1.9M | N/A |
| Tropical Smoothie Cafe | 4 | $1.7M | N/A |
| WaterStation | 3 | $8.5M | N/A |
| Pearle Vision | 3 | $1.1M | N/A |
| Marco's Pizza | 3 | $1.7M | N/A |
| Burger Exoctic Village/Burger | 3 | $1.6M | N/A |
| Sterling Optical/Site for Sore | 3 | $2.4M | N/A |
| Interim HealthCare | 2 | $359K | N/A |
| BrightStar Care | 2 | $612K | N/A |
| Wing Zone | 2 | $1.4M | N/A |
| Paul Davis Restoration | 2 | $1.4M | N/A |
| The Goddard School | 2 | $1.8M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2019 | 4 |
| FY2020 | 18 |
| FY2021 | 65 |
| FY2022 | 18 |
| FY2023 | 9 |
| FY2024 | 6 |
| FY2025 | 7 |
| FY2026 | 3 |
SBA 7(a) · charge-off rate by approval year
Meridian Bank charge-off rate by loan vintage
Only 1 of these 3 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 |
|---|---|---|---|
| 2019 | 4 | 0 | Too few |
| 2020 | 8 | 0 | Too early |
| 2021 | 29 | 0 | 0.0% |
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
330.0% (excellent)
120.0% (excellent)
120.0% (excellent)
110.0% (excellent)
9N/A
9N/A
4N/A
4N/A
4N/A
4N/A
Portfolio summary
Total funded$105.3M
Charged off0 of 130
Risk tierExcellent
Avg rate6.53%
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 Meridian Bank originated?
- 130 loans totaling $105.3M. 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. Meridian Bank'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 Meridian Bank fund the most?
- The “Top franchise exposures” table above lists the brands Meridian 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.