NB
SBA 7(a) franchise lending portfolio
Northfield Bank
EXCELLENT risk
- Total loans
- 11
- Loan volume
- $2.6M
- Avg loan size
- $240K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
5.79%
Franchises funded
8
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Blimpie | 3 | $210K | 0.0% (low risk) |
| Cici's Pizza | 2 | $818K | 0.0% (low risk) |
| MAACO Auto Painting Center | 1 | $290K | 0.0% (low risk) |
| Hand And Stone | 1 | $330K | 0.0% (low risk) |
| Primohoagies | 1 | $165K | 0.0% (low risk) |
| Management Recruiters/Mri/ Man | 1 | $50K | 0.0% (low risk) |
| Management Recruiters | 1 | $107K | 0.0% (low risk) |
| Cold Stone Creamery | 1 | $672K | N/A |
Lending volume by year
2'02
1'03
1'07
1'09
1'10
1'11
2'13
1'14
1'22
Geographic exposure
100.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$2.6M
Defaults0 of 11
Risk tierEXCELLENT
Avg rate5.79%
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 Northfield Bank originated?
- 11 loans totaling $2.6M. 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 Northfield Bank fund the most?
- The “Top franchise exposures” table above lists the brands Northfield 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.