MB
SBA 7(a) franchise lending portfolio
Midwest Bank
ELEVATED risk
- Total loans
- 17
- Loan volume
- $4.7M
- Avg loan size
- $276K
- Charge-off rate
- 16.7%
- vs 15.4% national avg
Defaults
2
Avg interest
6.18%
Franchises funded
14
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway | 2 | $191K | 0.0% (low risk) |
| CherryBerry | 2 | $1.4M | 50.0% (very high risk) |
| Jimmy John's | 2 | $125K | N/A |
| Fastsigns | 1 | $200K | 0.0% (low risk) |
| Pappagallo Shoe Store | 1 | $161K | 0.0% (low risk) |
| NAPA Auto Parts | 1 | $100K | 0.0% (low risk) |
| Dollar Discount Stores | 1 | $65K | 100.0% (very high risk) |
| Temporary Franchises | 1 | $12K | 0.0% (low risk) |
| Domino's Pizza | 1 | $56K | 0.0% (low risk) |
| Muscle Maker Grill | 1 | $262K | 0.0% (low risk) |
| Culver's Frozen Custard | 1 | $1.5M | 0.0% (low risk) |
| Fresh Healthy Cafe | 1 | $225K | N/A |
| Subway | 1 | $174K | N/A |
| Just Love Coffee Cafe | 1 | $155K | 0.0% (low risk) |
Lending volume by year
1'02
1'04
1'06
1'07
3'10
1'12
1'13
1'14
2'18
1'19
1'21
3'23
Geographic exposure
90.0% (low risk)
50.0% (low risk)
250.0% (very high risk)
1100.0% (very high risk)
Portfolio summary
Total funded$4.7M
Defaults2 of 17
Risk tierELEVATED
Avg rate6.18%
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 Midwest Bank originated?
- 17 loans totaling $4.7M. The portfolio carries a 16.7% charge-off rate, earning a “ELEVATED” 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 Midwest Bank fund the most?
- The “Top franchise exposures” table above lists the brands Midwest 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.