BF
SBA 7(a) franchise lending portfolio
BankFirst Financial Services
EXCELLENT risk
- Total loans
- 19
- Loan volume
- $8.0M
- Avg loan size
- $420K
- Charge-off 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 | N/A |
| Dickey's Barbecue Pit | 3 | $889K | N/A |
| Fleet Feet Sports | 2 | $200K | N/A |
| Tint World | 1 | $216K | N/A |
| Prose | 1 | $207K | N/A |
| Fastsigns | 1 | $235K | N/A |
| Rocket Fizz Soda Pop and Candy | 1 | $150K | N/A |
| Smallcakes Cupcakery | 1 | $105K | N/A |
| Walk-On's Bistreaux & Bar | 1 | $2.1M | 0.0% (low risk) |
| The Toasted Yolk Cafe | 1 | $1.3M | N/A |
| Woof Gang Bakery and Grooming | 1 | $166K | N/A |
| Mosquito Marshals | 1 | $25K | 0.0% (low risk) |
| Canteen Vending Services | 1 | $750K | 0.0% (low risk) |
| Peterbrooke Chocolatier | 1 | $242K | N/A |
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
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 BankFirst Financial Services originated?
- 19 loans totaling $8.0M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 BankFirst Financial Services fund the most?
- The “Top franchise exposures” table above lists the brands BankFirst Financial Services has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.