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SBA 7(a) franchise lending portfolio
First Commonwealth Bank
AVERAGE risk
- Total loans
- 377
- Loan volume
- $175.0M
- Avg loan size
- $464K
- Default 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% |
| Biggby Coffee | 23 | $6.5M | 0.0% |
| Duck Donuts | 16 | $5.3M | 0.0% |
| The Little Gym | 11 | $6.2M | — |
| Subway Sandwich Shop | 8 | $1.1M | 0.0% |
| Home Instead/Home Instead Seni | 7 | $4.0M | 0.0% |
| Servpro | 6 | $3.3M | 0.0% |
| Dunkin Donuts | 5 | $675K | 60.0% |
| Amazing Lash Studio | 5 | $2.7M | 0.0% |
| Gatsby Glass | 5 | $1.4M | — |
| Matco Tools (rent Tools) | 4 | $188K | 25.0% |
| Quiznos | 4 | $402K | 0.0% |
| Meadows Original Frozen Custar | 4 | $992K | 0.0% |
| Cartridge World | 4 | $425K | 0.0% |
| Carstar | 4 | $1.0M | — |
| Visiting Angels | 4 | $2.6M | 0.0% |
| Crumbl | 4 | $3.2M | — |
| ServiceMaster | 4 | $1.9M | — |
| Bruster's | 3 | $952K | 0.0% |
| Fastsigns | 3 | $681K | — |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
16614.0%
9112.5%
250.0%
18—
100.0%
1014.3%
80.0%
70.0%
50.0%
40.0%
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
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%).