SBA 7(a) franchise lending portfolio
First Federal Bank
- Total loans
- 105
- Loan volume
- $84.0M
- Avg loan size
- $800K
- Charge-off rate
- 10.7%
- vs 16.0% national
Charged off
8
Avg interest
6.61%
Franchises funded
62
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Ellianos Coffee Company | 17 | $15.6M | N/A |
| Zaxby's | 7 | $8.8M | N/A |
| Salons By Jc | 6 | $4.4M | N/A |
| CycleBar | 4 | $2.0M | N/A |
| 18/8 Fine Men's Salons | 4 | $1.4M | N/A |
| Jersey Mike's | 3 | $968K | N/A |
| Dogtopia | 3 | $2.3M | N/A |
| Merle Norman Cosmetics | 2 | $201K | N/A |
| Quiznos | 2 | $280K | N/A |
| Legacy Academy For Children | 2 | $5.5M | N/A |
| LifeSpring In-Home Care Networ | 2 | $921K | N/A |
| Badcock Home Furniture & More | 2 | $2.2M | N/A |
| Choice Hotels International In | 2 | $4.5M | N/A |
| World Of Beer | 2 | $2.7M | N/A |
| All Tune And Lube | 1 | $130K | N/A |
| The UPS Store | 1 | $865K | N/A |
| Arby's | 1 | $2.0M | N/A |
| Matco Tools (rent Tools) | 1 | $83K | N/A |
| Re/Max | 1 | $352K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2003 | 1 |
| FY2004 | 4 |
| FY2005 | 1 |
| FY2007 | 1 |
| FY2008 | 1 |
| FY2010 | 2 |
| FY2011 | 5 |
| FY2014 | 19 |
| FY2015 | 15 |
| FY2016 | 8 |
| FY2017 | 7 |
| FY2018 | 6 |
| FY2019 | 2 |
| FY2020 | 5 |
| FY2021 | 2 |
| FY2022 | 1 |
| FY2023 | 11 |
| FY2024 | 8 |
| FY2025 | 4 |
| FY2026 | 2 |
SBA 7(a) · charge-off rate by approval year
First Federal Bank: below all franchise loans in each of the 2 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 |
|---|---|---|---|
| 2004 | 4 | 2 | Too few |
| 2011 | 5 | 0 | Too few |
| 2014 | 18 | 1 | 5.6% |
| 2015 | 15 | 1 | 6.7% |
| 2016 | 8 | 0 | Too few |
| 2017 | 6 | 2 | Too few |
| 2018 | 6 | 0 | Too few |
| 2020 | 4 | 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 Federal Bank originated?
- 105 loans totaling $84.0M. The portfolio carries a 10.7% 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 Federal Bank's rate of 10.7% 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 Federal Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Federal 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.