1S
SBA 7(a) franchise lending portfolio
1st Source Bank
EXCELLENT risk
- Total loans
- 170
- Loan volume
- $40.0M
- Avg loan size
- $235K
- Charge-off rate
- 4.4%
- vs 15.4% national avg
Defaults
6
Avg interest
6.46%
Franchises funded
91
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Little Caesar Pizza | 11 | $2.4M | 0.0% (low risk) |
| Wings Etc. | 9 | $2.4M | 0.0% (low risk) |
| Premier Rental Purchase | 7 | $2.1M | 0.0% (low risk) |
| USA Insulation | 6 | $293K | N/A |
| Dairy Queen | 5 | $1.6M | 0.0% (low risk) |
| Curves For Women | 4 | $313K | 0.0% (low risk) |
| Penn Station, Inc. | 3 | $1.1M | 0.0% (low risk) |
| Gloria Jean's Coffee Bean | 3 | $640K | 0.0% (low risk) |
| Subway Sandwich Shop | 3 | $410K | 0.0% (low risk) |
| Subway | 3 | $60K | 0.0% (low risk) |
| Jimmy John's | 3 | $793K | 0.0% (low risk) |
| State Farm Insurance | 3 | $115K | 0.0% (low risk) |
| Jackson Hewitt Tax Service | 3 | $367K | 0.0% (low risk) |
| Bin There...Dump That | 3 | $227K | 0.0% (low risk) |
| Firehouse Subs | 3 | $804K | N/A |
| Biggby Coffee | 3 | $715K | 0.0% (low risk) |
| Super Wash | 2 | $836K | 0.0% (low risk) |
| Glass Doctor | 2 | $462K | 0.0% (low risk) |
| Anytime Fitness | 2 | $398K | 0.0% (low risk) |
| Extra Innings Training Centers | 2 | $310K | 50.0% (very high risk) |
Lending volume by year
2'92
1
2
1
1
4'99
2
1
2
1
3'05
8
17
7
4
4'10
8
4
8
12
5'15
14
6
12
7
2'20
8
6
9
3
6'25
1st Source Bank charge-off rate by loan vintage
BrandNational avg
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 Source Bank originated?
- 170 loans totaling $40.0M. The portfolio carries a 4.4% 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 1st Source Bank fund the most?
- The “Top franchise exposures” table above lists the brands 1st Source 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.