FI
SBA 7(a) franchise lending portfolio
First Internet Bank of Indiana
Risk rating: Average
- Total loans
- 267
- Loan volume
- $255.5M
- Avg loan size
- $957K
- Charge-off rate
- 11.8%
- vs 16.0% national
Charged off
12
Avg interest
7.89%
Franchises funded
163
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Petland/Safari Stan's | 11 | $25.7M | N/A |
| Crumbl | 10 | $7.1M | N/A |
| Subway Sandwich Shop | 9 | $3.0M | N/A |
| Glo Tanning | 8 | $7.8M | N/A |
| Cd One Price Cleaners | 6 | $5.0M | N/A |
| PickUp USA Fitness | 6 | $4.1M | N/A |
| Mobil Oil (stations) | 5 | $4.6M | N/A |
| Massage Envy | 4 | $2.1M | N/A |
| Which Wich | 4 | $1.3M | N/A |
| Jimmy John's | 4 | $1.6M | N/A |
| Baymont Inn & Suites | 4 | $8.9M | N/A |
| Face Foundrie | 4 | $1.6M | N/A |
| Benjamin Moore - New Entrepren | 3 | $220K | N/A |
| Super 8 | 3 | $4.9M | N/A |
| DQ Grill & Chill Operating Agr | 3 | $3.5M | N/A |
| Hotworx | 3 | $1.5M | N/A |
| GPM Empire, LLC (Multi Brands) | 3 | $1.6M | N/A |
| Sky Zone Indoor Trampoline Par | 3 | $10.8M | N/A |
| The Joint...The Chiropractic P | 3 | $1.3M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2009 | 3 |
| FY2010 | 4 |
| FY2011 | 5 |
| FY2012 | 6 |
| FY2013 | 2 |
| FY2014 | 9 |
| FY2015 | 10 |
| FY2016 | 8 |
| FY2017 | 15 |
| FY2018 | 11 |
| FY2019 | 12 |
| FY2020 | 18 |
| FY2021 | 21 |
| FY2022 | 37 |
| FY2023 | 56 |
| FY2024 | 29 |
| FY2025 | 11 |
| FY2026 | 10 |
SBA 7(a) · charge-off rate by approval year
First Internet Bank of Indiana charge-off rate by loan vintage
Only 1 of these 14 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 |
|---|---|---|---|
| 2010 | 4 | 0 | Too few |
| 2011 | 5 | 1 | Too few |
| 2012 | 6 | 0 | Too few |
| 2014 | 9 | 2 | Too few |
| 2015 | 9 | 0 | Too few |
| 2016 | 8 | 0 | Too few |
| 2017 | 12 | 1 | 8.3% |
| 2018 | 8 | 2 | Too few |
| 2019 | 7 | 0 | Too few |
| 2020 | 6 | 0 | Too early |
| 2021 | 5 | 0 | Too early |
| 2022 | 7 | 1 | Too early |
| 2023 | 8 | 5 | Too early |
| 2024 | 4 | 0 | Too early |
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
4820.0% (high risk)
3650.0% (high risk)
323.7% (excellent)
170.0% (excellent)
150.0% (excellent)
130.0% (excellent)
11N/A
100.0% (excellent)
100.0% (excellent)
9N/A
Portfolio summary
Total funded$255.5M
Charged off12 of 267
Risk tierAverage
Avg rate7.89%
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 Internet Bank of Indiana originated?
- 267 loans totaling $255.5M. The portfolio carries a 11.8% 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 Internet Bank of Indiana's rate of 11.8% 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 Internet Bank of Indiana fund the most?
- The “Top franchise exposures” table above lists the brands First Internet Bank of Indiana has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.