1C
SBA 7(a) franchise lending portfolio
1st Colonial Community Bank
GOOD risk
- Total loans
- 17
- Loan volume
- $6.9M
- Avg loan size
- $404K
- Charge-off rate
- 7.7%
- vs 15.4% national avg
Defaults
1
Avg interest
5.60%
Franchises funded
12
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Red Roof Inn | 3 | $2.9M | N/A |
| Hand And Stone | 2 | $630K | 0.0% (low risk) |
| Polish Water Ice | 2 | $200K | 0.0% (low risk) |
| Salad Works, Inc. | 2 | $950K | 0.0% (low risk) |
| Smoothie King (health Food Sto | 1 | $110K | 0.0% (low risk) |
| Filtafry | 1 | $160K | 0.0% (low risk) |
| Saladworks | 1 | $350K | 100.0% (very high risk) |
| Rita's Real Italian Water Ice | 1 | $225K | 0.0% (low risk) |
| Cherry Blow Dry Bar | 1 | $300K | 0.0% (low risk) |
| Primo Hoagies | 1 | $210K | 0.0% (low risk) |
| Sterling Optical | 1 | $250K | 0.0% (low risk) |
| Hounds Town USA | 1 | $576K | N/A |
Lending volume by year
3'11
3'12
5'13
1'15
1'17
3'21
1'22
1st Colonial Community Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
1011.1% (elevated risk)
70.0% (low risk)
Portfolio summary
Total funded$6.9M
Defaults1 of 17
Risk tierGOOD
Avg rate5.60%
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 1st Colonial Community Bank originated?
- 17 loans totaling $6.9M. The portfolio carries a 7.7% charge-off rate, earning a “GOOD” 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 1st Colonial Community Bank fund the most?
- The “Top franchise exposures” table above lists the brands 1st Colonial Community 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.