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SBA 7(a) franchise lending portfolio
The Middlefield Banking Company
ELEVATED risk
- Total loans
- 15
- Loan volume
- $7.0M
- Avg loan size
- $467K
- Default rate
- 16.7%
- vs 15.4% national avg
Defaults
1
Avg interest
6.60%
Franchises funded
12
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| VIO Med Spa | 4 | $1.4M | — |
| Red Roof Inn | 1 | $1.4M | 0.0% |
| Namaste Nail Sanctuary | 1 | $312K | — |
| Bang Bang Mongolian Grill | 1 | $465K | 100.0% |
| Motel 6 | 1 | $1.0M | 0.0% |
| Zoup! | 1 | $335K | 0.0% |
| Subway | 1 | $239K | 0.0% |
| Sandellas Flatbread Cafe | 1 | $130K | 0.0% |
| Cold Stone Creamery | 1 | $347K | — |
| Whit's Frozen Custard | 1 | $300K | — |
| Gong Cha (only for NJ, NY, MA | 1 | $260K | — |
| Degree Wellness | 1 | $787K | — |
Lending volume by year
1'10
1'11
2'12
1'15
2'19
2'20
2'22
2'24
1'25
1'26
Geographic exposure
1516.7%
Portfolio summary
Total funded$7.0M
Defaults1 of 15
Risk tierELEVATED
Avg rate6.60%
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%).