Franklin Savings Bank

Farmington, ME7(a) lenderTop sector: Logging

Is this my lender?

Loans approved

239

FY1994–FY2025

Dollars approved

$28.7M

$5.5M since FY2021

Average loan

$120K

$158K recently

Charge-off rate

5.7%

by dollars · 10.0% by count

Approvals over time

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What they lend against

Logging23 General Freight Trucking, Local17 Convenience Stores14 Shellfish Fishing12 All Other Specialty Trade Contractors11 Full-Service Restaurants8

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

Maine236 · 99%Florida1 · 0%Michigan1 · 0%Connecticut1 · 0%

Share is of this lender’s entire book, so the 4 states shown need not sum to 100%. Together they account for 100% of its lending.

At a glance

Rank by recent volume#1075 of 2321

First approvalFY1994

Latest approvalFY2025

States lent into4

What they charge

Too few recent 7(a) loans to quote a rate, 8 since FY2024. Rates cluster on round numbers, so a median off a handful of loans reads as precise and is not.

Program mix

7(a) · 100% (239)504 · 0% (0)

Split by loan count.

7(a) $28.7M504 $0

Loss rate in context

This lender5.7%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 10.0%; the two measures diverge when a book is weighted toward small loans.

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