SBA 7(a) franchise lending portfolio
BayFirst National Bank
- Total loans
- 463
- Loan volume
- $140.3M
- Avg loan size
- $303K
- Charge-off rate
- 22.8%
- vs 16.0% national
Charged off
29
Avg interest
9.80%
Franchises funded
309
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| The UPS Store (f/k/a Mail Box | 9 | $1.9M | N/A |
| Glo Tanning | 8 | $7.9M | N/A |
| Crumbl | 7 | $3.3M | N/A |
| Anytime Fitness | 7 | $1.5M | N/A |
| Mathnasium Learning Centers | 6 | $788K | N/A |
| Orange Theory Fitness | 5 | $2.5M | N/A |
| Marco's Pizza | 5 | $1.8M | N/A |
| Subway | 5 | $2.3M | N/A |
| Snap-On | 5 | $1.1M | N/A |
| Ace Hardware | 5 | $1.7M | N/A |
| Liberty Tax Service | 4 | $973K | N/A |
| ServiceMaster | 4 | $1.1M | N/A |
| Mr. Handyman | 4 | $830K | N/A |
| CycleBar | 4 | $1.7M | N/A |
| PuroClean | 4 | $526K | N/A |
| Health Mart Pharmacy | 4 | $600K | N/A |
| 911 Restoration | 4 | $789K | N/A |
| redbox+ | 3 | $1.2M | N/A |
| Jersey Mike's | 3 | $2.1M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2015 | 1 |
| FY2016 | 6 |
| FY2017 | 33 |
| FY2018 | 44 |
| FY2019 | 43 |
| FY2020 | 20 |
| FY2021 | 38 |
| FY2022 | 32 |
| FY2023 | 46 |
| FY2024 | 112 |
| FY2025 | 84 |
| FY2026 | 4 |
SBA 7(a) · charge-off rate by approval year
BayFirst National Bank: above all franchise loans in each of the 5 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2016 | 6 | 3 | Too few |
| 2017 | 23 | 8 | 34.8% |
| 2018 | 32 | 10 | 31.2% |
| 2019 | 20 | 4 | 20.0% |
| 2020 | 12 | 2 | 16.7% |
| 2021 | 15 | 1 | 6.7% |
| 2022 | 7 | 0 | Too early |
| 2023 | 3 | 1 | Too early |
| 2024 | 6 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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 “High Risk” 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. BayFirst National Bank's rate of 22.8% is above 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 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.