SBA 7(a) franchise lending portfolio
Northeast Bank
- Total loans
- 393
- Loan volume
- $240.9M
- Avg loan size
- $613K
- Charge-off rate
- 35.4%
- vs 16.0% national
Charged off
105
Avg interest
7.59%
Franchises funded
207
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 54 | $18.1M | 74.1% (high risk) |
| Subway Sandwich Shop | 15 | $5.3M | 7.7% (good) |
| Sylvan Learning Center | 14 | $6.6M | 30.8% (high risk) |
| Petland | 14 | $9.1M | 78.6% (high risk) |
| Melting Pot | 14 | $14.6M | 42.9% (high risk) |
| Burger King | 14 | $350K | N/A |
| Planet Beach | 9 | $2.7M | N/A |
| Dairy Queen | 5 | $2.8M | N/A |
| Wingstop Restaurant | 5 | $1.5M | N/A |
| MAACO Auto Painting Center | 4 | $1.3M | N/A |
| Cornwell Quality Tools | 4 | $550K | N/A |
| Travelodge | 3 | $2.6M | N/A |
| AAMCO Transmissions | 3 | $850K | N/A |
| Togo's Eatery | 3 | $1.2M | N/A |
| Massage Envy | 3 | $1.2M | N/A |
| Broadway Pizza | 3 | $1.2M | N/A |
| Best Western - Membership Agre | 3 | $10.8M | N/A |
| Blaze Pizza | 3 | $2.5M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 2 |
| FY1994 | 1 |
| FY1995 | 2 |
| FY1996 | 3 |
| FY1997 | 2 |
| FY1998 | 2 |
| FY1999 | 2 |
| FY2000 | 3 |
| FY2001 | 3 |
| FY2002 | 1 |
| FY2004 | 1 |
| FY2005 | 33 |
| FY2006 | 74 |
| FY2007 | 33 |
| FY2008 | 32 |
| FY2009 | 12 |
| FY2010 | 1 |
| FY2012 | 2 |
| FY2013 | 5 |
| FY2014 | 8 |
| FY2015 | 18 |
| FY2016 | 9 |
| FY2017 | 23 |
| FY2018 | 26 |
| FY2019 | 23 |
| FY2020 | 4 |
| FY2021 | 2 |
| FY2022 | 20 |
| FY2023 | 11 |
| FY2024 | 20 |
| FY2025 | 9 |
| FY2026 | 6 |
SBA 7(a) · charge-off rate by approval year
Northeast Bank: above all franchise loans in 7 of 9 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1996 | 3 | 0 | Too few |
| 2000 | 3 | 1 | Too few |
| 2001 | 3 | 1 | Too few |
| 2005 | 33 | 14 | 42.4% |
| 2006 | 74 | 53 | 71.6% |
| 2007 | 31 | 11 | 35.5% |
| 2008 | 31 | 10 | 32.3% |
| 2009 | 12 | 5 | 41.7% |
| 2013 | 5 | 1 | Too few |
| 2014 | 8 | 0 | Too few |
| 2015 | 17 | 2 | 11.8% |
| 2016 | 8 | 0 | Too few |
| 2017 | 14 | 2 | 14.3% |
| 2018 | 15 | 2 | 13.3% |
| 2019 | 14 | 3 | 21.4% |
| 2022 | 3 | 0 | Too early |
| 2023 | 4 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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 Northeast Bank originated?
- 393 loans totaling $240.9M. The portfolio carries a 35.4% charge-off rate, earning a “High Risk” 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. Northeast Bank's rate of 35.4% is above 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 Northeast Bank fund the most?
- The “Top franchise exposures” table above lists the brands Northeast 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.