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SBA 7(a) franchise lending portfolio
1st Source Bank
EXCELLENT risk
- Total loans
- 170
- Loan volume
- $40.0M
- Avg loan size
- $235K
- Default 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% |
| Wings Etc. | 9 | $2.4M | 0.0% |
| Premier Rental Purchase | 7 | $2.1M | 0.0% |
| USA Insulation | 6 | $293K | — |
| Dairy Queen | 5 | $1.6M | 0.0% |
| Curves For Women | 4 | $313K | 0.0% |
| Penn Station, Inc. | 3 | $1.1M | 0.0% |
| Gloria Jean's Coffee Bean | 3 | $640K | 0.0% |
| Subway Sandwich Shop | 3 | $410K | 0.0% |
| Subway | 3 | $60K | 0.0% |
| Jimmy John's | 3 | $793K | 0.0% |
| State Farm Insurance | 3 | $115K | 0.0% |
| Jackson Hewitt Tax Service | 3 | $367K | 0.0% |
| Bin There...Dump That | 3 | $227K | 0.0% |
| Firehouse Subs | 3 | $804K | — |
| Biggby Coffee | 3 | $715K | 0.0% |
| Super Wash | 2 | $836K | 0.0% |
| Glass Doctor | 2 | $462K | 0.0% |
| Anytime Fitness | 2 | $398K | 0.0% |
| Extra Innings Training Centers | 2 | $310K | 50.0% |
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 default rate by loan vintage
BrandNational avg
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%).