BF
SBA 7(a) franchise lending portfolio
Bank First, N.A.
AVERAGE risk
- Total loans
- 88
- Loan volume
- $35.5M
- Avg loan size
- $404K
- Charge-off 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% (low risk) |
| Subway Sandwich Shop | 4 | $878K | 0.0% (low risk) |
| The Barbershop A Hair Salon Fo | 4 | $753K | 0.0% (low risk) |
| Window World | 4 | $1.3M | 0.0% (low risk) |
| Dairy Queen | 3 | $1.1M | 33.3% (very high risk) |
| Ground Round Restaurants | 3 | $1.0M | 0.0% (low risk) |
| Culver's | 3 | $2.3M | 0.0% (low risk) |
| NAPA Auto Parts | 3 | $708K | 0.0% (low risk) |
| Jersey Mike's | 3 | $965K | N/A |
| Brain Balance | 3 | $806K | 0.0% (low risk) |
| Cousins Submarines (restaurant | 2 | $187K | 100.0% (very high risk) |
| Yakety Yak | 2 | $200K | 0.0% (low risk) |
| Nick-N-Willy's Pizza | 2 | $291K | 0.0% (low risk) |
| Fantastic Sam's | 2 | $583K | 100.0% (very high risk) |
| A & W Restaurant | 2 | $616K | 0.0% (low risk) |
| Mac Tools | 2 | $1.3M | 0.0% (low risk) |
| Jimmy John's | 2 | $824K | 0.0% (low risk) |
| Ground Round Grill & Bar/Groun | 2 | $884K | 0.0% (low risk) |
| Mac Tools | 2 | $375K | 0.0% (low risk) |
| CertaPro Painters | 2 | $292K | 0.0% (low risk) |
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. 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 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). 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 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.