SBA 7(a) franchise lending portfolio
First Bank
- Total loans
- 701
- Loan volume
- $428.7M
- Avg loan size
- $612K
- Charge-off rate
- 30.6%
- vs 16.0% national
Charged off
173
Avg interest
6.91%
Franchises funded
333
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Sports Clips | 52 | $8.4M | 7.7% (good) |
| Cici's Pizza | 21 | $9.9M | 81.0% (high risk) |
| Budget Blinds | 18 | $8.8M | N/A |
| Christian Brothers Automotive | 16 | $7.1M | 0.0% (excellent) |
| Fantastic Sam's | 16 | $2.4M | 12.5% (average) |
| Arby's | 14 | $15.0M | 61.5% (high risk) |
| Liberty Tax Service | 12 | $8.7M | N/A |
| Massage Envy | 11 | $2.9M | 27.3% (high risk) |
| Edible Arrangements | 10 | $3.2M | 10.0% (average) |
| Fitness Together | 8 | $957K | N/A |
| Wingstop Restaurant | 8 | $2.8M | N/A |
| Subway Sandwich Shop | 7 | $657K | N/A |
| Quiznos | 7 | $1.5M | N/A |
| Andy's Cheesesteaks & Cheesebu | 6 | $1.2M | N/A |
| Pump It Up | 6 | $2.8M | N/A |
| Golden Corral | 6 | $10.4M | N/A |
| Servpro | 6 | $5.2M | N/A |
| Super 8 Motel | 5 | $5.2M | N/A |
| Extreme Pita (the) | 5 | $919K | N/A |
| Fastsigns | 5 | $1.1M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 2 |
| FY1993 | 2 |
| FY1994 | 1 |
| FY1995 | 8 |
| FY1996 | 6 |
| FY1997 | 8 |
| FY1998 | 10 |
| FY1999 | 9 |
| FY2000 | 3 |
| FY2001 | 5 |
| FY2002 | 8 |
| FY2003 | 3 |
| FY2004 | 9 |
| FY2005 | 7 |
| FY2006 | 64 |
| FY2007 | 91 |
| FY2008 | 115 |
| FY2009 | 58 |
| FY2010 | 5 |
| FY2011 | 4 |
| FY2012 | 2 |
| FY2013 | 2 |
| FY2014 | 2 |
| FY2015 | 6 |
| FY2016 | 4 |
| FY2017 | 17 |
| FY2018 | 93 |
| FY2019 | 57 |
| FY2020 | 37 |
| FY2021 | 30 |
| FY2022 | 9 |
| FY2023 | 6 |
| FY2024 | 3 |
| FY2025 | 14 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
First Bank: above all franchise loans in 7 of 9 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 |
|---|---|---|---|
| 1995 | 8 | 1 | Too few |
| 1996 | 6 | 1 | Too few |
| 1997 | 8 | 3 | Too few |
| 1998 | 10 | 1 | 10.0% |
| 1999 | 9 | 0 | Too few |
| 2000 | 3 | 0 | Too few |
| 2001 | 5 | 1 | Too few |
| 2002 | 8 | 1 | Too few |
| 2003 | 3 | 1 | Too few |
| 2004 | 9 | 3 | Too few |
| 2005 | 7 | 5 | Too few |
| 2006 | 64 | 24 | 37.5% |
| 2007 | 90 | 41 | 45.6% |
| 2008 | 115 | 47 | 40.9% |
| 2009 | 58 | 15 | 25.9% |
| 2010 | 5 | 1 | Too few |
| 2011 | 4 | 0 | Too few |
| 2015 | 6 | 0 | Too few |
| 2016 | 3 | 0 | Too few |
| 2017 | 11 | 1 | 9.1% |
| 2018 | 60 | 18 | 30.0% |
| 2019 | 32 | 5 | 15.6% |
| 2020 | 17 | 2 | 11.8% |
| 2021 | 9 | 0 | Too early |
| 2022 | 4 | 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 First Bank originated?
- 701 loans totaling $428.7M. The portfolio carries a 30.6% 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. First Bank's rate of 30.6% 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 First Bank fund the most?
- The “Top franchise exposures” table above lists the brands First 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.