FC
SBA 7(a) franchise lending portfolio
First Community Bank
Risk rating: Good
- Total loans
- 53
- Loan volume
- $25.8M
- Avg loan size
- $486K
- Charge-off rate
- 8.9%
- vs 16.0% national
Charged off
4
Avg interest
6.02%
Franchises funded
45
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $455K | N/A |
| Sears Catalog Store | 3 | $16K | N/A |
| Liberty Tax Service | 3 | $62K | N/A |
| Comfort/ Comfort Inn & Suites/ | 2 | $2.0M | N/A |
| Dairy Queen | 1 | $46K | N/A |
| Spring-Green Lawn Care | 1 | $60K | N/A |
| Goddard Early Learning Center | 1 | $200K | N/A |
| Hallmark Card Shop | 1 | $172K | N/A |
| Great Clips | 1 | $50K | N/A |
| Wild Bird Centers | 1 | $85K | N/A |
| Image Sun | 1 | $250K | N/A |
| Western Sizzlin Steak House | 1 | $684K | N/A |
| Blimpie | 1 | $60K | N/A |
| Sylvan Learning Center | 1 | $600K | N/A |
| Lawn Doctor | 1 | $70K | N/A |
| Sports Clips | 1 | $150K | N/A |
| Cuppy's Coffee, Smoothies & Mo | 1 | $40K | N/A |
| Comet One-Hour Dry Cleaners | 1 | $500K | N/A |
| Management Recruiters | 1 | $130K | N/A |
| Romp N Roll | 1 | $45K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1994 | 1 |
| FY1995 | 2 |
| FY1997 | 3 |
| FY1998 | 1 |
| FY1999 | 2 |
| FY2000 | 2 |
| FY2001 | 1 |
| FY2002 | 1 |
| FY2003 | 1 |
| FY2005 | 6 |
| FY2006 | 3 |
| FY2007 | 2 |
| FY2008 | 5 |
| FY2011 | 1 |
| FY2013 | 3 |
| FY2014 | 5 |
| FY2015 | 6 |
| FY2016 | 1 |
| FY2020 | 1 |
| FY2021 | 2 |
| FY2024 | 1 |
| FY2025 | 3 |
SBA 7(a) · charge-off rate by approval year
First Community Bank charge-off rate by loan vintage
None of these 6 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1997 | 3 | 1 | Too few |
| 2005 | 6 | 0 | Too few |
| 2006 | 3 | 0 | Too few |
| 2008 | 5 | 1 | Too few |
| 2014 | 4 | 1 | Too few |
| 2015 | 6 | 0 | Too few |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
167.7% (good)
130.0% (excellent)
110.0% (excellent)
5N/A
3N/A
2N/A
1N/A
1N/A
1N/A
Portfolio summary
Total funded$25.8M
Charged off4 of 53
Risk tierGood
Avg rate6.02%
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 Community Bank originated?
- 53 loans totaling $25.8M. The portfolio carries a 8.9% charge-off rate, earning a “Good” 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 Community Bank's rate of 8.9% 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 Community Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Community 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.