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SBA 7(a) franchise lending portfolio
First Citizens State Bank
EXCELLENT risk
- Total loans
- 31
- Loan volume
- $13.3M
- Avg loan size
- $428K
- Default 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% |
| Subway Sandwich Shop | 6 | $1.2M | 0.0% |
| Toppers Pizza | 6 | $3.5M | 0.0% |
| Snap Fitness | 2 | $206K | 0.0% |
| Domino's Pizza | 1 | $27K | 0.0% |
| Valvoline Instant Oil Change | 1 | $100K | 0.0% |
| Sign-A-Rama | 1 | $115K | 100.0% |
| Fastsigns | 1 | $150K | — |
| Cousins Submarines (restaurant | 1 | $230K | 0.0% |
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 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%).