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SBA 7(a) franchise lending portfolio
First Bank
CRITICAL risk
- Total loans
- 701
- Loan volume
- $428.7M
- Avg loan size
- $612K
- Default rate
- 30.6%
- vs 15.4% national avg
Defaults
173
Avg interest
6.91%
Franchises funded
333
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Sports Clips | 52 | $8.4M | 7.7% |
| Cici's Pizza | 21 | $9.9M | 81.0% |
| Budget Blinds | 18 | $8.8M | 0.0% |
| Christian Brothers Automotive | 16 | $7.1M | 0.0% |
| Fantastic Sam's | 16 | $2.4M | 12.5% |
| Arby's | 14 | $15.0M | 61.5% |
| Liberty Tax Service | 12 | $8.7M | 60.0% |
| Massage Envy | 11 | $2.9M | 27.3% |
| Edible Arrangements | 10 | $3.2M | 10.0% |
| Fitness Together | 8 | $957K | 25.0% |
| Wingstop Restaurant | 8 | $2.8M | 25.0% |
| Subway Sandwich Shop | 7 | $657K | 14.3% |
| Quiznos | 7 | $1.5M | 42.9% |
| Andy's Cheesesteaks & Cheesebu | 6 | $1.2M | 0.0% |
| Pump It Up | 6 | $2.8M | 66.7% |
| Golden Corral | 6 | $10.4M | 0.0% |
| Servpro | 6 | $5.2M | 0.0% |
| Super 8 Motel | 5 | $5.2M | 60.0% |
| Extreme Pita (the) | 5 | $919K | 20.0% |
| Fastsigns | 5 | $1.1M | 60.0% |
Lending volume by year
2'92
2
1
8
6
8'97
10
9
3
5
8'02
3
9
7
64
91'07
115
58
5
4
2'12
2
2
6
4
17'17
93
57
37
30
9'22
6
3
14
1'26
First Bank default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
15433.1%
11322.7%
7826.3%
3842.4%
2720.0%
2423.1%
2115.8%
2023.1%
1918.2%
1737.5%
Portfolio summary
Total funded$428.7M
Defaults173 of 701
Risk tierCRITICAL
Avg rate6.91%
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%).