FB
SBA 7(a) franchise lending portfolio
First-Citizens Bank & Trust Company
ELEVATED risk
- Total loans
- 710
- Loan volume
- $408.0M
- Avg loan size
- $575K
- Charge-off rate
- 18.7%
- vs 15.4% national avg
Defaults
116
Avg interest
6.29%
Franchises funded
333
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jimmy John's | 19 | $6.3M | 0.0% (low risk) |
| Subway Sandwich Shop | 18 | $4.1M | 0.0% (low risk) |
| Quiznos | 17 | $3.0M | 11.8% (elevated risk) |
| Days Inn | 15 | $19.2M | 7.1% (moderate risk) |
| Cold Stone Creamery, Inc. | 15 | $3.1M | 46.7% (very high risk) |
| Wild Birds Unlimited | 15 | $7.0M | 0.0% (low risk) |
| Mail Boxes Etc. Usa | 14 | $1.9M | 14.3% (elevated risk) |
| Atlanta Bread Company | 14 | $8.5M | 71.4% (very high risk) |
| Super 8 Motel | 12 | $16.1M | 16.7% (high risk) |
| Papa Murphy's Take & Bake Pizz | 12 | $4.3M | 0.0% (low risk) |
| Health Mart Pharmacy | 10 | $3.5M | 33.3% (very high risk) |
| Best Western Inn | 9 | $11.6M | 25.0% (very high risk) |
| Petland | 9 | $3.7M | 66.7% (very high risk) |
| Ramada Inn | 8 | $9.9M | 0.0% (low risk) |
| Arco (gas Station) | 8 | $7.6M | 14.3% (elevated risk) |
| AAMCO Transmissions | 8 | $1.3M | 37.5% (very high risk) |
| Little Caesar Pizza | 8 | $3.6M | 25.0% (very high risk) |
| Servpro | 7 | $2.9M | 0.0% (low risk) |
| Microtel | 7 | $10.8M | 33.3% (very high risk) |
| Howard Johnson | 7 | $8.9M | 14.3% (elevated risk) |
Lending volume by year
4'92
4
6
10
9
17'97
4
12
15
25
125'02
66
51
35
21
14'07
19
14
29
10
3'12
11
16
37
27
20'17
24
18
12
18
10'22
17
3
4'25
First-Citizens Bank & Trust Company charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Geographic exposure
12622.0% (very high risk)
10611.6% (elevated risk)
10314.4% (elevated risk)
6318.6% (high risk)
3413.8% (elevated risk)
3225.9% (very high risk)
3219.2% (high risk)
2722.2% (very high risk)
196.7% (moderate risk)
1926.7% (very high risk)
Portfolio summary
Total funded$408.0M
Defaults116 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). 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-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.