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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
- Default 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% |
| Fitness For Life Franchise Cor | 1 | $100K | 0.0% |
| Edible Arrangements | 1 | $120K | 0.0% |
| Fitness Together | 1 | $75K | 0.0% |
| Domino's | 1 | $330K | — |
| Doctors Express | 1 | $350K | 0.0% |
| Elements Therapeutic Massage | 1 | $352K | 0.0% |
| Minuteman Press | 1 | $183K | 0.0% |
| Tropical Smoothie Cafe | 1 | $405K | — |
| Elements Massage | 1 | $200K | 0.0% |
| Dripbar | 1 | $350K | — |
| The Little Gym | 1 | $50K | — |
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%
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
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%).