NB
SBA 7(a) franchise lending portfolio
Needham Bank
EXCELLENT risk
- Total loans
- 25
- Loan volume
- $11.4M
- Avg loan size
- $458K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.32%
Franchises funded
12
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 6 | $1.7M | 0.0% (low risk) |
| Planet Fitness | 4 | $5.6M | 0.0% (low risk) |
| 101 Mobility | 3 | $650K | 0.0% (low risk) |
| NAPA Auto Parts | 2 | $650K | 0.0% (low risk) |
| Orange Leaf Frozen Yogurt | 2 | $560K | 0.0% (low risk) |
| Rolling Suds | 2 | $315K | N/A |
| Minuteman Press | 1 | $80K | 0.0% (low risk) |
| PuroClean | 1 | $200K | 0.0% (low risk) |
| Orange Theory Fitness | 1 | $1.0M | N/A |
| CertaPro Painters | 1 | $100K | N/A |
| Sub Zero Ice Cream & Yogurt/Su | 1 | $275K | N/A |
| Launch Trampoline Park | 1 | $350K | N/A |
Lending volume by year
1'02
1'03
1'10
1'11
2'14
2'15
1'17
3'19
5'21
4'22
2'23
2'25
Geographic exposure
220.0% (low risk)
30.0% (low risk)
Portfolio summary
Total funded$11.4M
Defaults0 of 25
Risk tierEXCELLENT
Avg rate6.32%
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 Needham Bank originated?
- 25 loans totaling $11.4M. 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). 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 Needham Bank fund the most?
- The “Top franchise exposures” table above lists the brands Needham 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.