BN
SBA 7(a) franchise lending portfolio
BayFirst National Bank
CRITICAL risk
- Total loans
- 463
- Loan volume
- $140.3M
- Avg loan size
- $303K
- Charge-off rate
- 22.8%
- vs 15.4% national avg
Defaults
29
Avg interest
9.80%
Franchises funded
309
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 9 | $1.9M | 0.0% (low risk) |
| Glo Tanning | 8 | $7.9M | 0.0% (low risk) |
| Crumbl | 7 | $3.3M | 0.0% (low risk) |
| Mathnasium Learning Centers | 6 | $788K | N/A |
| Orange Theory Fitness | 5 | $2.5M | 0.0% (low risk) |
| Marco's Pizza | 5 | $1.8M | 33.3% (very high risk) |
| Subway | 5 | $2.3M | 50.0% (very high risk) |
| Snap-On | 5 | $1.1M | 100.0% (very high risk) |
| Ace Hardware | 5 | $1.7M | 0.0% (low risk) |
| Liberty Tax Service | 4 | $973K | 0.0% (low risk) |
| ServiceMaster | 4 | $1.1M | 50.0% (very high risk) |
| Mr. Handyman | 4 | $830K | 0.0% (low risk) |
| CycleBar | 4 | $1.7M | 0.0% (low risk) |
| PuroClean | 4 | $526K | 0.0% (low risk) |
| Anytime Fitness | 4 | $447K | 50.0% (very high risk) |
| Health Mart Pharmacy | 4 | $600K | N/A |
| 911 Restoration | 4 | $789K | N/A |
| Anytime Fitness | 3 | $1.1M | 66.7% (very high risk) |
| redbox+ | 3 | $1.2M | 0.0% (low risk) |
| Jersey Mike's | 3 | $2.1M | 0.0% (low risk) |
Lending volume by year
1'15
6'16
33'17
44'18
43'19
20'20
38'21
32'22
46'23
112'24
84'25
4'26
BayFirst National Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
8727.6% (very high risk)
4918.2% (high risk)
4416.7% (high risk)
1812.5% (elevated risk)
1720.0% (very high risk)
170.0% (low risk)
1514.3% (elevated risk)
1466.7% (very high risk)
1433.3% (very high risk)
140.0% (low risk)
Portfolio summary
Total funded$140.3M
Defaults29 of 463
Risk tierCRITICAL
Avg rate9.80%
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 BayFirst National Bank originated?
- 463 loans totaling $140.3M. The portfolio carries a 22.8% charge-off rate, earning a “CRITICAL” 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 BayFirst National Bank fund the most?
- The “Top franchise exposures” table above lists the brands BayFirst National Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.