NS
SBA 7(a) franchise lending portfolio
North Shore Bank, a Co-operative Bank
EXCELLENT risk
- Total loans
- 12
- Loan volume
- $2.7M
- Avg loan size
- $222K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
6.00%
Franchises funded
12
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Max Muscle | 1 | $150K | 0.0% (low risk) |
| Fitness For Life Franchise Cor | 1 | $100K | 0.0% (low risk) |
| Edible Arrangements | 1 | $120K | 0.0% (low risk) |
| Fitness Together | 1 | $75K | 0.0% (low risk) |
| Domino's | 1 | $330K | N/A |
| Doctors Express | 1 | $350K | 0.0% (low risk) |
| Elements Therapeutic Massage | 1 | $352K | 0.0% (low risk) |
| Minuteman Press | 1 | $183K | 0.0% (low risk) |
| Tropical Smoothie Cafe | 1 | $405K | N/A |
| Elements Massage | 1 | $200K | 0.0% (low risk) |
| Dripbar | 1 | $350K | N/A |
| The Little Gym | 1 | $50K | N/A |
Lending volume by year
1'05
2'06
1'09
1'14
1'15
1'16
1'19
1'21
2'22
1'23
Geographic exposure
120.0% (low risk)
Portfolio summary
Total funded$2.7M
Defaults0 of 12
Risk tierEXCELLENT
Avg rate6.00%
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 North Shore Bank, a Co-operative Bank originated?
- 12 loans totaling $2.7M. 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 North Shore Bank, a Co-operative Bank fund the most?
- The “Top franchise exposures” table above lists the brands North Shore Bank, a Co-operative 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.