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SBA 7(a) franchise lending portfolio
BayFirst National Bank
CRITICAL risk
- Total loans
- 463
- Loan volume
- $140.3M
- Avg loan size
- $303K
- Default 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% |
| Glo Tanning | 8 | $7.9M | 0.0% |
| Crumbl | 7 | $3.3M | 0.0% |
| Mathnasium Learning Centers | 6 | $788K | — |
| Orange Theory Fitness | 5 | $2.5M | 0.0% |
| Marco's Pizza | 5 | $1.8M | 33.3% |
| Subway | 5 | $2.3M | 50.0% |
| Snap-On | 5 | $1.1M | 100.0% |
| Ace Hardware | 5 | $1.7M | 0.0% |
| Liberty Tax Service | 4 | $973K | 0.0% |
| ServiceMaster | 4 | $1.1M | 50.0% |
| Mr. Handyman | 4 | $830K | 0.0% |
| CycleBar | 4 | $1.7M | 0.0% |
| PuroClean | 4 | $526K | 0.0% |
| Anytime Fitness | 4 | $447K | 50.0% |
| Health Mart Pharmacy | 4 | $600K | — |
| 911 Restoration | 4 | $789K | — |
| Anytime Fitness | 3 | $1.1M | 66.7% |
| redbox+ | 3 | $1.2M | 0.0% |
| Jersey Mike's | 3 | $2.1M | 0.0% |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
8727.6%
4918.2%
4416.7%
1812.5%
1720.0%
170.0%
1514.3%
1466.7%
1433.3%
140.0%
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
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%).