SBA 7(a) franchise lending portfolio
1st Source Bank
- Total loans
- 170
- Loan volume
- $40.0M
- Avg loan size
- $235K
- Charge-off rate
- 4.4%
- vs 16.0% national
Charged off
6
Avg interest
6.46%
Franchises funded
91
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Little Caesar Pizza | 11 | $2.4M | 0.0% (excellent) |
| Wings Etc. | 9 | $2.4M | N/A |
| Premier Rental Purchase | 7 | $2.1M | N/A |
| USA Insulation | 6 | $293K | N/A |
| Subway Sandwich Shop | 6 | $470K | N/A |
| Dairy Queen | 5 | $1.6M | N/A |
| Curves For Women | 4 | $313K | N/A |
| Penn Station, Inc. | 3 | $1.1M | N/A |
| Gloria Jean's Coffee Bean | 3 | $640K | N/A |
| Jimmy John's | 3 | $793K | N/A |
| State Farm Insurance | 3 | $115K | N/A |
| Jackson Hewitt Tax Service | 3 | $367K | N/A |
| Bin There...Dump That | 3 | $227K | N/A |
| Firehouse Subs | 3 | $804K | N/A |
| Biggby Coffee | 3 | $715K | N/A |
| Super Wash | 2 | $836K | N/A |
| Glass Doctor | 2 | $462K | N/A |
| Anytime Fitness | 2 | $398K | N/A |
| Extra Innings Training Centers | 2 | $310K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 2 |
| FY1993 | 1 |
| FY1994 | 2 |
| FY1995 | 1 |
| FY1996 | 1 |
| FY1999 | 4 |
| FY2000 | 2 |
| FY2002 | 1 |
| FY2003 | 2 |
| FY2004 | 1 |
| FY2005 | 3 |
| FY2006 | 8 |
| FY2007 | 17 |
| FY2008 | 7 |
| FY2009 | 4 |
| FY2010 | 4 |
| FY2011 | 8 |
| FY2012 | 4 |
| FY2013 | 8 |
| FY2014 | 12 |
| FY2015 | 5 |
| FY2016 | 14 |
| FY2017 | 6 |
| FY2018 | 12 |
| FY2019 | 7 |
| FY2020 | 2 |
| FY2021 | 8 |
| FY2022 | 6 |
| FY2023 | 9 |
| FY2024 | 3 |
| FY2025 | 6 |
SBA 7(a) · charge-off rate by approval year
1st Source Bank: below all franchise loans in 2 of 3 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1999 | 4 | 0 | Too few |
| 2005 | 3 | 0 | Too few |
| 2006 | 8 | 0 | Too few |
| 2007 | 17 | 2 | 11.8% |
| 2008 | 7 | 0 | Too few |
| 2009 | 4 | 0 | Too few |
| 2010 | 4 | 1 | Too few |
| 2011 | 8 | 0 | Too few |
| 2012 | 3 | 0 | Too few |
| 2013 | 8 | 0 | Too few |
| 2014 | 12 | 1 | 8.3% |
| 2015 | 5 | 0 | Too few |
| 2016 | 14 | 0 | 0.0% |
| 2017 | 6 | 0 | Too few |
| 2018 | 9 | 0 | Too few |
| 2019 | 5 | 0 | Too few |
| 2021 | 4 | 1 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. 1st Source Bank's rate of 4.4% is below the national rate.
- 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.