FC
SBA 7(a) franchise lending portfolio
First Citizens State Bank
EXCELLENT risk
- Total loans
- 31
- Loan volume
- $13.3M
- Avg loan size
- $428K
- Charge-off rate
- 3.7%
- vs 15.4% national avg
Defaults
1
Avg interest
5.88%
Franchises funded
9
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Toppers Pizza | 12 | $7.7M | 0.0% (low risk) |
| Subway Sandwich Shop | 6 | $1.2M | 0.0% (low risk) |
| Toppers Pizza | 6 | $3.5M | 0.0% (low risk) |
| Snap Fitness | 2 | $206K | 0.0% (low risk) |
| Domino's Pizza | 1 | $27K | 0.0% (low risk) |
| Valvoline Instant Oil Change | 1 | $100K | 0.0% (low risk) |
| Sign-A-Rama | 1 | $115K | 100.0% (very high risk) |
| Fastsigns | 1 | $150K | N/A |
| Cousins Submarines (restaurant | 1 | $230K | 0.0% (low risk) |
Lending volume by year
1'00
1'02
1'03
2'04
3'05
1'07
1'08
1'09
3'10
3'11
1'12
1'13
2'14
1'15
1'16
2'17
1'19
2'21
2'22
1'25
First Citizens 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 Citizens State Bank originated?
- 31 loans totaling $13.3M. The portfolio carries a 3.7% charge-off rate, earning a “EXCELLENT” 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 State Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Citizens 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.