FF
SBA 7(a) franchise lending portfolio
First Federal Bank
AVERAGE risk
- Total loans
- 105
- Loan volume
- $84.0M
- Avg loan size
- $800K
- Charge-off 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 | N/A |
| Salons By Jc | 6 | $4.4M | 0.0% (low risk) |
| Zaxby's | 4 | $4.3M | 0.0% (low risk) |
| CycleBar | 4 | $2.0M | 0.0% (low risk) |
| 18/8 Fine Men's Salons | 4 | $1.4M | 0.0% (low risk) |
| Zaxby's | 3 | $4.6M | 0.0% (low risk) |
| Jersey Mike's | 3 | $968K | 0.0% (low risk) |
| Dogtopia | 3 | $2.3M | 0.0% (low risk) |
| Merle Norman Cosmetics | 2 | $201K | 0.0% (low risk) |
| Quiznos | 2 | $280K | 50.0% (very high risk) |
| Legacy Academy For Children | 2 | $5.5M | 0.0% (low risk) |
| LifeSpring In-Home Care Networ | 2 | $921K | 0.0% (low risk) |
| Badcock Home Furniture & More | 2 | $2.2M | 0.0% (low risk) |
| Choice Hotels International In | 2 | $4.5M | 0.0% (low risk) |
| World Of Beer | 2 | $2.7M | 0.0% (low risk) |
| All Tune And Lube | 1 | $130K | 100.0% (very high risk) |
| The UPS Store | 1 | $865K | 0.0% (low risk) |
| Arby's | 1 | $2.0M | 100.0% (very high risk) |
| Matco Tools (rent Tools) | 1 | $83K | 100.0% (very high risk) |
| Re/Max | 1 | $352K | 0.0% (low risk) |
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 charge-off rate by loan vintage
BrandNational avg
Geographic exposure
5114.8% (elevated risk)
1122.2% (very high risk)
80.0% (low risk)
520.0% (very high risk)
50.0% (low risk)
50.0% (low risk)
40.0% (low risk)
20.0% (low risk)
20.0% (low risk)
20.0% (low risk)
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
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). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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.