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SBA 7(a) franchise lending portfolio
First Business Bank
AVERAGE risk
- Total loans
- 151
- Loan volume
- $106.3M
- Avg loan size
- $704K
- Default rate
- 11.2%
- vs 15.4% national avg
Defaults
11
Avg interest
7.46%
Franchises funded
103
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Sky Zone Indoor Trampoline Par | 11 | $31.6M | 0.0% |
| Woodcraft | 5 | $1.3M | 0.0% |
| The UPS Store | 5 | $820K | 0.0% |
| Wild Birds Unlimited | 5 | $2.1M | — |
| Skyzone | 4 | $7.8M | 0.0% |
| Anytime Fitness | 3 | $1.1M | 0.0% |
| Menchie's | 3 | $984K | 0.0% |
| Paris Banh Mi - Product Licens | 3 | $2.2M | — |
| Duct Doctor Usa | 2 | $132K | 0.0% |
| Orange Theory Fitness | 2 | $821K | 0.0% |
| Floorcoverings International | 2 | $294K | 100.0% |
| MidiCi | 2 | $1.6M | 0.0% |
| Edible Arrangements | 2 | $439K | 0.0% |
| Nurse Next Door | 2 | $225K | 50.0% |
| Quality Inn/Quality Suites, Ho | 2 | $3.5M | 0.0% |
| Cold Stone Creamery | 2 | $417K | 0.0% |
| Servpro | 2 | $1.1M | 0.0% |
| World Of Beer | 2 | $1.1M | 0.0% |
| Senior Helpers | 2 | $975K | 0.0% |
| AAMCO Transmissions | 2 | $445K | 0.0% |
Lending volume by year
1'98
1'01
1'02
1'12
5'13
7'14
23'15
29'16
10'17
7'18
9'19
6'20
4'21
7'22
8'23
13'24
16'25
3'26
First Business Bank default rate by loan vintage
BrandNational avg
Geographic exposure
2310.0%
205.6%
1512.5%
1333.3%
110.0%
90.0%
90.0%
633.3%
40.0%
30.0%
Portfolio summary
Total funded$106.3M
Defaults11 of 151
Risk tierAVERAGE
Avg rate7.46%
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%).