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SBA 7(a) franchise lending portfolio
First Federal Bank
AVERAGE risk
- Total loans
- 105
- Loan volume
- $84.0M
- Avg loan size
- $800K
- Default rate
- 10.7%
- vs 15.4% national avg
Defaults
8
Avg interest
6.61%
Franchises funded
62
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ellianos Coffee Company | 17 | $15.6M | — |
| Salons By Jc | 6 | $4.4M | 0.0% |
| Zaxby's | 4 | $4.3M | 0.0% |
| CycleBar | 4 | $2.0M | 0.0% |
| 18/8 Fine Men's Salons | 4 | $1.4M | 0.0% |
| Zaxby's | 3 | $4.6M | 0.0% |
| Jersey Mike's | 3 | $968K | 0.0% |
| Dogtopia | 3 | $2.3M | 0.0% |
| Merle Norman Cosmetics | 2 | $201K | 0.0% |
| Quiznos | 2 | $280K | 50.0% |
| Legacy Academy For Children | 2 | $5.5M | 0.0% |
| LifeSpring In-Home Care Networ | 2 | $921K | 0.0% |
| Badcock Home Furniture & More | 2 | $2.2M | 0.0% |
| Choice Hotels International In | 2 | $4.5M | 0.0% |
| World Of Beer | 2 | $2.7M | 0.0% |
| All Tune And Lube | 1 | $130K | 100.0% |
| The UPS Store | 1 | $865K | 0.0% |
| Arby's | 1 | $2.0M | 100.0% |
| Matco Tools (rent Tools) | 1 | $83K | 100.0% |
| Re/Max | 1 | $352K | 0.0% |
Lending volume by year
1'03
4'04
1'05
1'07
1'08
2'10
5'11
19'14
15'15
8'16
7'17
6'18
2'19
5'20
2'21
1'22
11'23
8'24
4'25
2'26
First Federal Bank default rate by loan vintage
BrandNational avg
Geographic exposure
5114.8%
1122.2%
80.0%
520.0%
50.0%
50.0%
40.0%
20.0%
20.0%
20.0%
Portfolio summary
Total funded$84.0M
Defaults8 of 105
Risk tierAVERAGE
Avg rate6.61%
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%).