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SBA 7(a) franchise lending portfolio
BankFirst Financial Services
EXCELLENT risk
- Total loans
- 19
- Loan volume
- $8.0M
- Avg loan size
- $420K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.31%
Franchises funded
14
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Brick & Spoon | 3 | $1.3M | — |
| Dickey's Barbecue Pit | 3 | $889K | — |
| Fleet Feet Sports | 2 | $200K | — |
| Tint World | 1 | $216K | — |
| Prose | 1 | $207K | — |
| Fastsigns | 1 | $235K | — |
| Rocket Fizz Soda Pop and Candy | 1 | $150K | — |
| Smallcakes Cupcakery | 1 | $105K | — |
| Walk-On's Bistreaux & Bar | 1 | $2.1M | 0.0% |
| The Toasted Yolk Cafe | 1 | $1.3M | — |
| Woof Gang Bakery and Grooming | 1 | $166K | — |
| Mosquito Marshals | 1 | $25K | 0.0% |
| Canteen Vending Services | 1 | $750K | 0.0% |
| Peterbrooke Chocolatier | 1 | $242K | — |
Lending volume by year
1'16
2'19
5'20
2'21
4'22
5'23
Geographic exposure
Portfolio summary
Total funded$8.0M
Defaults0 of 19
Risk tierEXCELLENT
Avg rate7.31%
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%).