FB
SBA 7(a) franchise lending portfolio
First-Citizens Bank & Trust Company
Risk rating: Elevated
- Total loans
- 710
- Loan volume
- $408.0M
- Avg loan size
- $575K
- Charge-off rate
- 18.7%
- vs 16.0% national
Charged off
116
Avg interest
6.29%
Franchises funded
333
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Jimmy John's | 19 | $6.3M | 0.0% (excellent) |
| Subway Sandwich Shop | 18 | $4.1M | 0.0% (excellent) |
| Quiznos | 17 | $3.0M | 11.8% (average) |
| Days Inn | 15 | $19.2M | 7.1% (good) |
| Cold Stone Creamery, Inc. | 15 | $3.1M | 46.7% (high risk) |
| Wild Birds Unlimited | 15 | $7.0M | N/A |
| Mail Boxes Etc. Usa | 14 | $1.9M | 14.3% (average) |
| Atlanta Bread Company | 14 | $8.5M | 71.4% (high risk) |
| Super 8 Motel | 12 | $16.1M | 16.7% (elevated) |
| Papa Murphy's Take & Bake Pizz | 12 | $4.3M | 0.0% (excellent) |
| Health Mart Pharmacy | 10 | $3.5M | N/A |
| Best Western Inn | 9 | $11.6M | N/A |
| Petland | 9 | $3.7M | N/A |
| Ramada Inn | 8 | $9.9M | N/A |
| Arco (gas Station) | 8 | $7.6M | N/A |
| AAMCO Transmissions | 8 | $1.3M | N/A |
| Little Caesar Pizza | 8 | $3.6M | N/A |
| Servpro | 7 | $2.9M | N/A |
| Microtel | 7 | $10.8M | N/A |
| Howard Johnson | 7 | $8.9M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 4 |
| FY1993 | 4 |
| FY1994 | 6 |
| FY1995 | 10 |
| FY1996 | 9 |
| FY1997 | 17 |
| FY1998 | 4 |
| FY1999 | 12 |
| FY2000 | 15 |
| FY2001 | 25 |
| FY2002 | 125 |
| FY2003 | 66 |
| FY2004 | 51 |
| FY2005 | 35 |
| FY2006 | 21 |
| FY2007 | 14 |
| FY2008 | 19 |
| FY2009 | 14 |
| FY2010 | 29 |
| FY2011 | 10 |
| FY2012 | 3 |
| FY2013 | 11 |
| FY2014 | 16 |
| FY2015 | 37 |
| FY2016 | 27 |
| FY2017 | 20 |
| FY2018 | 24 |
| FY2019 | 18 |
| FY2020 | 12 |
| FY2021 | 18 |
| FY2022 | 10 |
| FY2023 | 17 |
| FY2024 | 3 |
| FY2025 | 4 |
SBA 7(a) · charge-off rate by approval year
First-Citizens Bank & Trust Company: above all franchise loans in 11 of 21 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are 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 |
|---|---|---|---|
| 1992 | 4 | 1 | Too few |
| 1993 | 4 | 0 | Too few |
| 1994 | 6 | 2 | Too few |
| 1995 | 10 | 2 | 20.0% |
| 1996 | 9 | 3 | Too few |
| 1997 | 17 | 2 | 11.8% |
| 1998 | 4 | 0 | Too few |
| 1999 | 12 | 1 | 8.3% |
| 2000 | 15 | 3 | 20.0% |
| 2001 | 25 | 11 | 44.0% |
| 2002 | 125 | 35 | 28.0% |
| 2003 | 65 | 4 | 6.2% |
| 2004 | 49 | 8 | 16.3% |
| 2005 | 35 | 8 | 22.9% |
| 2006 | 19 | 5 | 26.3% |
| 2007 | 13 | 5 | 38.5% |
| 2008 | 19 | 7 | 36.8% |
| 2009 | 14 | 3 | 21.4% |
| 2010 | 29 | 2 | 6.9% |
| 2011 | 10 | 0 | 0.0% |
| 2012 | 3 | 0 | Too few |
| 2013 | 11 | 0 | 0.0% |
| 2014 | 15 | 3 | 20.0% |
| 2015 | 36 | 4 | 11.1% |
| 2016 | 23 | 1 | 4.3% |
| 2017 | 13 | 2 | 15.4% |
| 2018 | 13 | 3 | 23.1% |
| 2019 | 7 | 1 | Too few |
| 2020 | 3 | 0 | Too early |
| 2021 | 5 | 0 | Too early |
| 2022 | 3 | 0 | Too early |
| 2023 | 3 | 0 | Too early |
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
12622.0% (high risk)
10611.6% (average)
10314.4% (average)
6318.6% (elevated)
3413.8% (average)
3225.9% (high risk)
3219.2% (elevated)
2722.2% (high risk)
196.7% (good)
1926.7% (high risk)
Portfolio summary
Total funded$408.0M
Charged off116 of 710
Risk tierElevated
Avg rate6.29%
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-Citizens Bank & Trust Company originated?
- 710 loans totaling $408.0M. The portfolio carries a 18.7% 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). 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-Citizens Bank & Trust Company's rate of 18.7% is above 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-Citizens Bank & Trust Company fund the most?
- The “Top franchise exposures” table above lists the brands First-Citizens Bank & Trust Company has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.