![First Central State Bank logo](https://cdn.brandfetch.io/firstcentralstatebank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
First Central State Bank
ELEVATED risk
- Total loans
- 40
- Loan volume
- $8.8M
- Avg loan size
- $219K
- Default 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% |
| Canteen | 6 | $1.6M | 0.0% |
| Taco John's | 4 | $1.6M | 0.0% |
| Super Wash | 2 | $600K | 0.0% |
| Tastee Freez | 2 | $139K | 0.0% |
| Fox's Pizza Den | 2 | $175K | 50.0% |
| Smoothie King | 2 | $850K | — |
| Paul Revere's Pizza | 1 | $40K | 0.0% |
| Rudy's Taco | 1 | $25K | 0.0% |
| The UPS Store | 1 | $131K | 100.0% |
| Paul Mitchell Advanced Educati | 1 | $90K | 0.0% |
| Superior Walls | 1 | $100K | 100.0% |
| The Bread Basket | 1 | $300K | 100.0% |
| Snap Fitness | 1 | $170K | 0.0% |
| Mr. Rooter | 1 | $62K | 0.0% |
| Ace Hardware | 1 | $700K | 100.0% |
| Cellular Mobile Systems & Pagi | 1 | $150K | 0.0% |
| Godfather's Pizza | 1 | $184K | 0.0% |
| Dunn Bros Coffee | 1 | $250K | 0.0% |
| Max Muscle | 1 | $148K | 100.0% |
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 default rate by loan vintage
BrandNational avg
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%).