FG
SBA 7(a) franchise lending portfolio
First Guaranty Bank
GOOD risk
- Total loans
- 33
- Loan volume
- $36.6M
- Avg loan size
- $1.1M
- Charge-off rate
- 8.7%
- vs 15.4% national avg
Defaults
2
Avg interest
5.83%
Franchises funded
23
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| My Eye Lab | 7 | $3.4M | 66.7% (very high risk) |
| Sonic | 4 | $2.7M | 0.0% (low risk) |
| Yogi Bear's Jellystone Park Ca | 2 | $2.5M | 0.0% (low risk) |
| Erbert & Gerbert's Subs & Club | 1 | $331K | 0.0% (low risk) |
| Americas Best Value Inn (f/K/A | 1 | $1.6M | 0.0% (low risk) |
| Yogi Bear's Jellystone Park | 1 | $3.7M | 0.0% (low risk) |
| Burgerim | 1 | $420K | N/A |
| Anytime Fitness | 1 | $216K | N/A |
| Comfort Inn | 1 | $2.0M | 0.0% (low risk) |
| Kids 'r' Kids | 1 | $4.1M | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $1.1M | 0.0% (low risk) |
| America's Best Inns & Suites | 1 | $2.0M | 0.0% (low risk) |
| Play Street Museum | 1 | $294K | 0.0% (low risk) |
| Burger King | 1 | $1.9M | 0.0% (low risk) |
| Goodyear Tire | 1 | $1.7M | 0.0% (low risk) |
| The Maids | 1 | $2.7M | 0.0% (low risk) |
| Anytime Fitness | 1 | $340K | 0.0% (low risk) |
| The Egg & I | 1 | $450K | 0.0% (low risk) |
| Childrens Lighthouse | 1 | $2.6M | 0.0% (low risk) |
| Buckhorn Grill/Buckhorn BBQ/Bu | 1 | $500K | N/A |
Lending volume by year
2'10
3'11
4'12
1'14
3'15
3'16
2'17
1'18
4'19
2'20
8'21
First Guaranty Bank charge-off rate by loan vintage
BrandNational avg
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 Guaranty Bank originated?
- 33 loans totaling $36.6M. The portfolio carries a 8.7% 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). 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 Guaranty Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Guaranty 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.