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SBA 7(a) franchise lending portfolio
First Bank of the Lake
EXCELLENT risk
- Total loans
- 1,016
- Loan volume
- $596.0M
- Avg loan size
- $587K
- Default rate
- 3.5%
- vs 15.4% national avg
Defaults
3
Avg interest
9.94%
Franchises funded
400
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| The Learning Experience | 38 | $28.6M | 0.0% |
| Five Star Bath Solutions | 18 | $5.0M | 0.0% |
| Bricks & Minifigs | 16 | $4.4M | — |
| Hotworx | 15 | $8.0M | 0.0% |
| Tint World | 14 | $7.9M | 0.0% |
| Gameday Men's Health/Gameday | 14 | $3.4M | — |
| Bumble Bee Blinds | 13 | $3.7M | — |
| Celebree School | 13 | $22.3M | 0.0% |
| The Brothers that just do Gutt | 12 | $3.2M | — |
| Eggs Up Grill | 12 | $14.1M | — |
| Budget Blinds | 12 | $4.2M | 20.0% |
| Pet Supplies Plus | 11 | $10.7M | 0.0% |
| K-9 Resorts Daycare & Luxury H | 11 | $29.7M | 0.0% |
| Gatsby Glass | 10 | $4.2M | — |
| D1T raining | 10 | $7.9M | — |
| Woof Gang Bakery and Grooming | 10 | $4.3M | — |
| RestoPros | 9 | $2.2M | 0.0% |
| Everline Coatings and Services | 9 | $3.2M | 0.0% |
| Wetzel's Pretzels | 8 | $3.5M | — |
| College Hunks Hauling Junk | 8 | $2.6M | 0.0% |
Lending volume by year
1'96
1'14
1'16
2'18
13'20
55'21
56'22
220'23
325'24
303'25
39'26
First Bank of the Lake default rate by loan vintage
BrandNational avg
Geographic exposure
1656.2%
1130.0%
10114.3%
530.0%
490.0%
360.0%
350.0%
320.0%
300.0%
280.0%
Portfolio summary
Total funded$596.0M
Defaults3 of 1,016
Risk tierEXCELLENT
Avg rate9.94%
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%).