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SBA 7(a) franchise lending portfolio
Bank First, N.A.
AVERAGE risk
- Total loans
- 88
- Loan volume
- $35.5M
- Avg loan size
- $404K
- Default rate
- 11.1%
- vs 15.4% national avg
Defaults
7
Avg interest
5.65%
Franchises funded
49
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Culver's ButterBurgers & Froze | 6 | $7.0M | 0.0% |
| Subway Sandwich Shop | 4 | $878K | 0.0% |
| The Barbershop A Hair Salon Fo | 4 | $753K | 0.0% |
| Window World | 4 | $1.3M | 0.0% |
| Dairy Queen | 3 | $1.1M | 33.3% |
| Ground Round Restaurants | 3 | $1.0M | 0.0% |
| Culver's | 3 | $2.3M | 0.0% |
| NAPA Auto Parts | 3 | $708K | 0.0% |
| Jersey Mike's | 3 | $965K | — |
| Brain Balance | 3 | $806K | 0.0% |
| Cousins Submarines (restaurant | 2 | $187K | 100.0% |
| Yakety Yak | 2 | $200K | 0.0% |
| Nick-N-Willy's Pizza | 2 | $291K | 0.0% |
| Fantastic Sam's | 2 | $583K | 100.0% |
| A & W Restaurant | 2 | $616K | 0.0% |
| Mac Tools | 2 | $1.3M | 0.0% |
| Jimmy John's | 2 | $824K | 0.0% |
| Ground Round Grill & Bar/Groun | 2 | $884K | 0.0% |
| Mac Tools | 2 | $375K | 0.0% |
| CertaPro Painters | 2 | $292K | 0.0% |
Lending volume by year
3'98
2
1
1
4
2'03
1
1
1
5
4'08
5
3
4
3
4'13
4
2
2
4
3'18
1
5
10
4
8'23
1'25
Bank First, N.A. 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%).