FC
SBA 7(a) franchise lending portfolio
First Central State Bank
ELEVATED risk
- Total loans
- 40
- Loan volume
- $8.8M
- Avg loan size
- $219K
- Charge-off rate
- 16.7%
- vs 15.4% national avg
Defaults
6
Avg interest
5.63%
Franchises funded
23
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 6 | $855K | 0.0% (low risk) |
| Canteen | 6 | $1.6M | 0.0% (low risk) |
| Taco John's | 4 | $1.6M | 0.0% (low risk) |
| Super Wash | 2 | $600K | 0.0% (low risk) |
| Tastee Freez | 2 | $139K | 0.0% (low risk) |
| Fox's Pizza Den | 2 | $175K | 50.0% (very high risk) |
| Smoothie King | 2 | $850K | N/A |
| Paul Revere's Pizza | 1 | $40K | 0.0% (low risk) |
| Rudy's Taco | 1 | $25K | 0.0% (low risk) |
| The UPS Store | 1 | $131K | 100.0% (very high risk) |
| Paul Mitchell Advanced Educati | 1 | $90K | 0.0% (low risk) |
| Superior Walls | 1 | $100K | 100.0% (very high risk) |
| The Bread Basket | 1 | $300K | 100.0% (very high risk) |
| Snap Fitness | 1 | $170K | 0.0% (low risk) |
| Mr. Rooter | 1 | $62K | 0.0% (low risk) |
| Ace Hardware | 1 | $700K | 100.0% (very high risk) |
| Cellular Mobile Systems & Pagi | 1 | $150K | 0.0% (low risk) |
| Godfather's Pizza | 1 | $184K | 0.0% (low risk) |
| Dunn Bros Coffee | 1 | $250K | 0.0% (low risk) |
| Max Muscle | 1 | $148K | 100.0% (very high risk) |
Lending volume by year
1'92
1
1
1
2
1'03
1
5
3
1
4'08
3
2
3
1
2'14
1
2
1
3
1'23
First Central State Bank charge-off rate by loan vintage
BrandNational avg
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 Central State Bank originated?
- 40 loans totaling $8.8M. The portfolio carries a 16.7% charge-off rate, earning a “ELEVATED” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Central State Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Central State 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.