FB
SBA 7(a) franchise lending portfolio
First Bank of the Lake
Risk rating: Excellent
- Total loans
- 1,016
- Loan volume
- $596.0M
- Avg loan size
- $587K
- Charge-off rate
- 3.5%
- vs 16.0% national
Charged off
3
Avg interest
9.94%
Franchises funded
400
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| The Learning Experience | 38 | $28.6M | N/A |
| Five Star Bath Solutions | 18 | $5.0M | N/A |
| Bricks & Minifigs | 16 | $4.4M | N/A |
| Hotworx | 15 | $8.0M | N/A |
| Tint World | 14 | $7.9M | N/A |
| Gameday Men's Health/Gameday | 14 | $3.4M | N/A |
| Bumble Bee Blinds | 13 | $3.7M | N/A |
| Celebree School | 13 | $22.3M | N/A |
| The Brothers that just do Gutt | 12 | $3.2M | N/A |
| Eggs Up Grill | 12 | $14.1M | N/A |
| Budget Blinds | 12 | $4.2M | N/A |
| Pet Supplies Plus | 11 | $10.7M | N/A |
| K-9 Resorts Daycare & Luxury H | 11 | $29.7M | N/A |
| Gatsby Glass | 10 | $4.2M | N/A |
| D1T raining | 10 | $7.9M | N/A |
| Woof Gang Bakery and Grooming | 10 | $4.3M | N/A |
| RestoPros | 9 | $2.2M | N/A |
| Everline Coatings and Services | 9 | $3.2M | N/A |
| Wetzel's Pretzels | 8 | $3.5M | N/A |
| College Hunks Hauling Junk | 8 | $2.6M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1996 | 1 |
| FY2014 | 1 |
| FY2016 | 1 |
| FY2018 | 2 |
| FY2020 | 13 |
| FY2021 | 55 |
| FY2022 | 56 |
| FY2023 | 220 |
| FY2024 | 325 |
| FY2025 | 303 |
| FY2026 | 39 |
SBA 7(a) · charge-off rate by approval year
First Bank of the Lake: below all franchise loans in 3 of 4 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (recent years: 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 |
|---|---|---|---|
| 2020 | 5 | 0 | Too early |
| 2021 | 21 | 0 | 0.0% |
| 2022 | 10 | 1 | 10.0% |
| 2023 | 31 | 1 | 3.2% |
| 2024 | 14 | 0 | 0.0% |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
1656.2% (good)
1130.0% (excellent)
10114.3% (average)
530.0% (excellent)
490.0% (excellent)
360.0% (excellent)
350.0% (excellent)
320.0% (excellent)
300.0% (excellent)
280.0% (excellent)
Portfolio summary
Total funded$596.0M
Charged off3 of 1,016
Risk tierExcellent
Avg rate9.94%
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 of the Lake originated?
- 1,016 loans totaling $596.0M. The portfolio carries a 3.5% charge-off rate, earning a “Excellent” 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 of the Lake's rate of 3.5% is below 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 of the Lake fund the most?
- The “Top franchise exposures” table above lists the brands First Bank of the Lake has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.