AF
SBA 7(a) franchise lending portfolio
America First FCU
Risk rating: Average
- Total loans
- 85
- Loan volume
- $56.0M
- Avg loan size
- $659K
- Charge-off rate
- 11.1%
- vs 16.0% national
Charged off
5
Avg interest
6.74%
Franchises funded
61
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| FiiZ Drinks | 5 | $1.4M | N/A |
| Bee Hive Homes | 5 | $7.8M | N/A |
| Baskin-Robbins | 3 | $536K | N/A |
| Scooter's Coffee | 3 | $1.7M | N/A |
| KellerStrass Enterprises (Chev | 3 | $4.4M | N/A |
| Fitness Together | 2 | $165K | N/A |
| Crown Trophy | 2 | $77K | N/A |
| Subway Sandwich Shop | 2 | $237K | N/A |
| Dickey's Barbecue Pit | 2 | $405K | N/A |
| Cookie Cutters Haircuts for Ki | 2 | $203K | N/A |
| Travelodge by Wyndham | 2 | $4.5M | N/A |
| Miracle-Ear | 2 | $353K | N/A |
| 7-Eleven, Inc - Individual Sto | 2 | $1.4M | N/A |
| Prime IV Hydration & Wellness | 2 | $178K | N/A |
| Bruster's Real Ice Cream | 2 | $2.4M | N/A |
| Dairy Queen | 1 | $50K | N/A |
| Inta' Juice | 1 | $252K | N/A |
| Instant Imprints | 1 | $149K | N/A |
| Chem-Dry | 1 | $20K | N/A |
| Liberty Tax Service | 1 | $35K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2005 | 6 |
| FY2006 | 3 |
| FY2007 | 1 |
| FY2008 | 2 |
| FY2010 | 2 |
| FY2012 | 1 |
| FY2013 | 1 |
| FY2016 | 2 |
| FY2017 | 4 |
| FY2018 | 4 |
| FY2019 | 13 |
| FY2020 | 6 |
| FY2021 | 15 |
| FY2022 | 16 |
| FY2023 | 4 |
| FY2025 | 4 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
America First FCU charge-off rate by loan vintage
Only 1 of these 7 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2005 | 6 | 2 | Too few |
| 2006 | 3 | 2 | Too few |
| 2017 | 4 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 10 | 0 | 0.0% |
| 2020 | 5 | 0 | Too early |
| 2022 | 3 | 0 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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). 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. America First FCU's rate of 11.1% 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 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.