SBA 7(a) franchise lending portfolio
First Commonwealth Bank
- Total loans
- 377
- Loan volume
- $175.0M
- Avg loan size
- $464K
- Charge-off rate
- 12.6%
- vs 16.0% national
Charged off
25
Avg interest
8.09%
Franchises funded
190
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Fox's Pizza Den | 28 | $1.3M | 28.6% (high risk) |
| Biggby Coffee | 23 | $6.5M | N/A |
| Duck Donuts | 16 | $5.3M | N/A |
| The Little Gym | 11 | $6.2M | N/A |
| Subway Sandwich Shop | 8 | $1.1M | N/A |
| Home Instead/Home Instead Seni | 7 | $4.0M | N/A |
| Servpro | 6 | $3.3M | N/A |
| Dunkin Donuts | 5 | $675K | N/A |
| Amazing Lash Studio | 5 | $2.7M | N/A |
| Gatsby Glass | 5 | $1.4M | N/A |
| Matco Tools (rent Tools) | 4 | $188K | N/A |
| Quiznos | 4 | $402K | N/A |
| Meadows Original Frozen Custar | 4 | $992K | N/A |
| Cartridge World | 4 | $425K | N/A |
| Carstar | 4 | $1.0M | N/A |
| Visiting Angels | 4 | $2.6M | N/A |
| Crumbl | 4 | $3.2M | N/A |
| ServiceMaster | 4 | $1.9M | N/A |
| Bruster's | 3 | $952K | N/A |
| Fastsigns | 3 | $681K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1993 | 1 |
| FY1995 | 2 |
| FY1996 | 3 |
| FY1997 | 1 |
| FY1998 | 1 |
| FY1999 | 1 |
| FY2000 | 3 |
| FY2001 | 7 |
| FY2002 | 7 |
| FY2003 | 10 |
| FY2004 | 17 |
| FY2005 | 30 |
| FY2006 | 14 |
| FY2007 | 4 |
| FY2008 | 2 |
| FY2009 | 1 |
| FY2011 | 2 |
| FY2012 | 4 |
| FY2013 | 11 |
| FY2014 | 1 |
| FY2015 | 11 |
| FY2016 | 10 |
| FY2017 | 12 |
| FY2018 | 21 |
| FY2019 | 15 |
| FY2020 | 12 |
| FY2021 | 22 |
| FY2022 | 19 |
| FY2023 | 27 |
| FY2024 | 43 |
| FY2025 | 55 |
| FY2026 | 8 |
SBA 7(a) · charge-off rate by approval year
First Commonwealth Bank: below all franchise loans in 7 of 9 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1996 | 3 | 1 | Too few |
| 2000 | 3 | 0 | Too few |
| 2001 | 7 | 1 | Too few |
| 2002 | 7 | 2 | Too few |
| 2003 | 10 | 1 | 10.0% |
| 2004 | 17 | 2 | 11.8% |
| 2005 | 30 | 7 | 23.3% |
| 2006 | 14 | 3 | 21.4% |
| 2007 | 4 | 0 | Too few |
| 2012 | 4 | 0 | Too few |
| 2013 | 10 | 0 | 0.0% |
| 2015 | 11 | 0 | 0.0% |
| 2016 | 10 | 1 | 10.0% |
| 2017 | 11 | 2 | 18.2% |
| 2018 | 13 | 3 | 23.1% |
| 2019 | 8 | 0 | Too few |
| 2020 | 6 | 0 | Too early |
| 2021 | 7 | 0 | Too early |
| 2022 | 5 | 0 | Too early |
| 2023 | 5 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Geographic exposure
Portfolio summary
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). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. First Commonwealth Bank's rate of 12.6% is below the national rate.
- 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.