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SBA 7(a) franchise lending portfolio
Northeast Bank
CRITICAL risk
- Total loans
- 393
- Loan volume
- $240.9M
- Avg loan size
- $613K
- Default rate
- 35.4%
- vs 15.4% national avg
Defaults
105
Avg interest
7.59%
Franchises funded
207
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cold Stone Creamery, Inc. | 54 | $18.1M | 74.1% |
| Sylvan Learning Center | 14 | $6.6M | 30.8% |
| Petland | 14 | $9.1M | 78.6% |
| Melting Pot | 14 | $14.6M | 42.9% |
| Burger King | 14 | $350K | 0.0% |
| Planet Beach | 9 | $2.7M | 88.9% |
| Subway Sandwich Shop | 7 | $4.0M | 14.3% |
| Dairy Queen | 5 | $2.8M | 0.0% |
| Wingstop Restaurant | 5 | $1.5M | 0.0% |
| MAACO Auto Painting Center | 4 | $1.3M | 75.0% |
| Subway | 4 | $767K | 0.0% |
| Cornwell Quality Tools | 4 | $550K | 100.0% |
| Subway | 4 | $575K | 0.0% |
| Travelodge | 3 | $2.6M | 0.0% |
| AAMCO Transmissions | 3 | $850K | 0.0% |
| Togo's Eatery | 3 | $1.2M | 0.0% |
| Massage Envy | 3 | $1.2M | 33.3% |
| Broadway Pizza | 3 | $1.2M | 0.0% |
| Best Western - Membership Agre | 3 | $10.8M | 0.0% |
| Blaze Pizza | 3 | $2.5M | 0.0% |
Lending volume by year
2'92
1
2
3
2
2'98
2
3
3
1
1'04
33
74
33
32
12'09
1
2
5
8
18'15
9
23
26
23
4'20
2
20
11
20
9'25
6'26
Northeast Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
4631.6%
4136.7%
3942.4%
3442.1%
198.3%
1958.3%
1750.0%
1642.9%
1370.0%
1112.5%
Portfolio summary
Total funded$240.9M
Defaults105 of 393
Risk tierCRITICAL
Avg rate7.59%
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%).