FC
SBA 7(a) franchise lending portfolio
First Commonwealth Bank
AVERAGE risk
- Total loans
- 377
- Loan volume
- $175.0M
- Avg loan size
- $464K
- Charge-off rate
- 12.6%
- vs 15.4% national avg
Defaults
25
Avg interest
8.09%
Franchises funded
190
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fox's Pizza Den | 28 | $1.3M | 28.6% (very high risk) |
| Biggby Coffee | 23 | $6.5M | 0.0% (low risk) |
| Duck Donuts | 16 | $5.3M | 0.0% (low risk) |
| The Little Gym | 11 | $6.2M | N/A |
| Subway Sandwich Shop | 8 | $1.1M | 0.0% (low risk) |
| Home Instead/Home Instead Seni | 7 | $4.0M | 0.0% (low risk) |
| Servpro | 6 | $3.3M | 0.0% (low risk) |
| Dunkin Donuts | 5 | $675K | 60.0% (very high risk) |
| Amazing Lash Studio | 5 | $2.7M | 0.0% (low risk) |
| Gatsby Glass | 5 | $1.4M | N/A |
| Matco Tools (rent Tools) | 4 | $188K | 25.0% (very high risk) |
| Quiznos | 4 | $402K | 0.0% (low risk) |
| Meadows Original Frozen Custar | 4 | $992K | 0.0% (low risk) |
| Cartridge World | 4 | $425K | 0.0% (low risk) |
| Carstar | 4 | $1.0M | N/A |
| Visiting Angels | 4 | $2.6M | 0.0% (low risk) |
| Crumbl | 4 | $3.2M | N/A |
| ServiceMaster | 4 | $1.9M | N/A |
| Bruster's | 3 | $952K | 0.0% (low risk) |
| Fastsigns | 3 | $681K | N/A |
Lending volume by year
1'93
2
3
1
1
1'99
3
7
7
10
17'04
30
14
4
2
1'09
2
4
11
1
11'15
10
12
21
15
12'20
22
19
27
43
55'25
8'26
First Commonwealth Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
16614.0% (elevated risk)
9112.5% (elevated risk)
250.0% (low risk)
18N/A
100.0% (low risk)
1014.3% (elevated risk)
80.0% (low risk)
70.0% (low risk)
50.0% (low risk)
40.0% (low risk)
Portfolio summary
Total funded$175.0M
Defaults25 of 377
Risk tierAVERAGE
Avg rate8.09%
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 Commonwealth Bank originated?
- 377 loans totaling $175.0M. The portfolio carries a 12.6% charge-off rate, earning a “AVERAGE” 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 Commonwealth Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Commonwealth 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.