BF
SBA 7(a) franchise lending portfolio
Bank First, N.A.
Risk rating: Average
- Total loans
- 88
- Loan volume
- $35.5M
- Avg loan size
- $404K
- Charge-off rate
- 11.1%
- vs 16.0% national
Charged off
7
Avg interest
5.65%
Franchises funded
49
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Culver's ButterBurgers & Froze | 9 | $9.3M | N/A |
| Subway Sandwich Shop | 4 | $878K | N/A |
| The Barbershop A Hair Salon Fo | 4 | $753K | N/A |
| Window World | 4 | $1.3M | N/A |
| Mac Tools | 4 | $1.7M | N/A |
| Dairy Queen | 3 | $1.1M | N/A |
| Ground Round Restaurants | 3 | $1.0M | N/A |
| NAPA Auto Parts | 3 | $708K | N/A |
| Jersey Mike's | 3 | $965K | N/A |
| Brain Balance | 3 | $806K | N/A |
| Cousins Submarines (restaurant | 2 | $187K | N/A |
| Yakety Yak | 2 | $200K | N/A |
| Nick-N-Willy's Pizza | 2 | $291K | N/A |
| Fantastic Sam's | 2 | $583K | N/A |
| A & W Restaurant | 2 | $616K | N/A |
| Jimmy John's | 2 | $824K | N/A |
| Ground Round Grill & Bar/Groun | 2 | $884K | N/A |
| CertaPro Painters | 2 | $292K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1998 | 3 |
| FY1999 | 2 |
| FY2000 | 1 |
| FY2001 | 1 |
| FY2002 | 4 |
| FY2003 | 2 |
| FY2004 | 1 |
| FY2005 | 1 |
| FY2006 | 1 |
| FY2007 | 5 |
| FY2008 | 4 |
| FY2009 | 5 |
| FY2010 | 3 |
| FY2011 | 4 |
| FY2012 | 3 |
| FY2013 | 4 |
| FY2014 | 4 |
| FY2015 | 2 |
| FY2016 | 2 |
| FY2017 | 4 |
| FY2018 | 3 |
| FY2019 | 1 |
| FY2020 | 5 |
| FY2021 | 10 |
| FY2022 | 4 |
| FY2023 | 8 |
| FY2025 | 1 |
SBA 7(a) · charge-off rate by approval year
Bank First, N.A. charge-off rate by loan vintage
None of these 12 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 |
|---|---|---|---|
| 1998 | 3 | 0 | Too few |
| 2002 | 4 | 1 | Too few |
| 2007 | 5 | 2 | Too few |
| 2008 | 4 | 0 | Too few |
| 2009 | 5 | 0 | Too few |
| 2010 | 3 | 0 | Too few |
| 2011 | 4 | 0 | Too few |
| 2013 | 3 | 0 | Too few |
| 2014 | 3 | 0 | Too few |
| 2017 | 4 | 0 | Too few |
| 2020 | 3 | 0 | Too early |
| 2021 | 4 | 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 Bank First, N.A. originated?
- 88 loans totaling $35.5M. 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. Bank First, N.A.'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 Bank First, N.A. fund the most?
- The “Top franchise exposures” table above lists the brands Bank First, N.A. has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.