AF
SBA 7(a) franchise lending portfolio
America First FCU
AVERAGE risk
- Total loans
- 85
- Loan volume
- $56.0M
- Avg loan size
- $659K
- Charge-off rate
- 11.1%
- vs 15.4% national avg
Defaults
5
Avg interest
6.74%
Franchises funded
61
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| FiiZ Drinks | 5 | $1.4M | 0.0% (low risk) |
| Bee Hive Homes | 5 | $7.8M | N/A |
| Baskin-Robbins | 3 | $536K | 0.0% (low risk) |
| Scooter's Coffee | 3 | $1.7M | N/A |
| KellerStrass Enterprises (Chev | 3 | $4.4M | N/A |
| Fitness Together | 2 | $165K | 100.0% (very high risk) |
| Crown Trophy | 2 | $77K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $237K | 0.0% (low risk) |
| Dickey's Barbecue Pit | 2 | $405K | 0.0% (low risk) |
| Cookie Cutters Haircuts for Ki | 2 | $203K | 0.0% (low risk) |
| Travelodge by Wyndham | 2 | $4.5M | N/A |
| Miracle-Ear | 2 | $353K | 0.0% (low risk) |
| 7-Eleven, Inc - Individual Sto | 2 | $1.4M | N/A |
| Prime IV Hydration & Wellness | 2 | $178K | 0.0% (low risk) |
| Bruster's Real Ice Cream | 2 | $2.4M | N/A |
| Dairy Queen | 1 | $50K | 0.0% (low risk) |
| Inta' Juice | 1 | $252K | 100.0% (very high risk) |
| Instant Imprints | 1 | $149K | 100.0% (very high risk) |
| Chem-Dry | 1 | $20K | 100.0% (very high risk) |
| Liberty Tax Service | 1 | $35K | 0.0% (low risk) |
Lending volume by year
6'05
3'06
1'07
2'08
2'10
1'12
1'13
2'16
4'17
4'18
13'19
6'20
15'21
16'22
4'23
4'25
1'26
America First FCU 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 America First FCU originated?
- 85 loans totaling $56.0M. The portfolio carries a 11.1% charge-off rate, earning a “AVERAGE” 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 America First FCU fund the most?
- The “Top franchise exposures” table above lists the brands America First FCU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.