FI
SBA 7(a) franchise lending portfolio
First Interstate Bank
Risk rating: Average
- Total loans
- 528
- Loan volume
- $204.6M
- Avg loan size
- $387K
- Charge-off rate
- 12.6%
- vs 16.0% national
Charged off
62
Avg interest
5.78%
Franchises funded
281
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 17 | $3.8M | 0.0% (excellent) |
| Dairy Queen | 11 | $3.4M | 18.2% (elevated) |
| Blimpie | 11 | $1.2M | 9.1% (good) |
| Chevron (gas Station) | 9 | $11.6M | N/A |
| Quiznos | 9 | $1.1M | N/A |
| Scooters Java Express | 9 | $1.4M | N/A |
| Allstate Insurance | 8 | $1.4M | N/A |
| Jimmy John's | 8 | $5.2M | N/A |
| Snap-On-Tools | 7 | $816K | N/A |
| Taco Time | 6 | $1.8M | N/A |
| Kitchen Tune Up | 6 | $265K | N/A |
| Domino's Pizza | 6 | $764K | N/A |
| Hickory Farms Store | 5 | $845K | N/A |
| Papa Murphy's Take & Bake Pizz | 5 | $878K | N/A |
| Pearle Vision Center | 5 | $1.8M | N/A |
| Anytime Fitness | 5 | $843K | N/A |
| Servpro | 4 | $445K | N/A |
| Perkins Restaurants | 4 | $1.4M | N/A |
| Fantastic Sam's | 4 | $434K | N/A |
| Mail Boxes Etc. Usa | 4 | $309K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 9 |
| FY1993 | 15 |
| FY1994 | 21 |
| FY1995 | 20 |
| FY1996 | 20 |
| FY1997 | 14 |
| FY1998 | 11 |
| FY1999 | 9 |
| FY2000 | 16 |
| FY2001 | 9 |
| FY2002 | 21 |
| FY2003 | 20 |
| FY2004 | 26 |
| FY2005 | 29 |
| FY2006 | 28 |
| FY2007 | 7 |
| FY2008 | 20 |
| FY2009 | 12 |
| FY2010 | 18 |
| FY2011 | 24 |
| FY2012 | 27 |
| FY2013 | 29 |
| FY2014 | 24 |
| FY2015 | 19 |
| FY2016 | 21 |
| FY2017 | 12 |
| FY2018 | 13 |
| FY2019 | 6 |
| FY2020 | 5 |
| FY2021 | 7 |
| FY2022 | 9 |
| FY2023 | 5 |
| FY2024 | 2 |
SBA 7(a) · charge-off rate by approval year
First Interstate Bank: below all franchise loans in 17 of 23 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1992 | 9 | 0 | Too few |
| 1993 | 15 | 1 | 6.7% |
| 1994 | 21 | 3 | 14.3% |
| 1995 | 20 | 0 | 0.0% |
| 1996 | 20 | 3 | 15.0% |
| 1997 | 14 | 0 | 0.0% |
| 1998 | 11 | 1 | 9.1% |
| 1999 | 9 | 1 | Too few |
| 2000 | 16 | 4 | 25.0% |
| 2001 | 9 | 4 | Too few |
| 2002 | 21 | 4 | 19.0% |
| 2003 | 20 | 3 | 15.0% |
| 2004 | 26 | 4 | 15.4% |
| 2005 | 29 | 7 | 24.1% |
| 2006 | 28 | 5 | 17.9% |
| 2007 | 7 | 2 | Too few |
| 2008 | 20 | 7 | 35.0% |
| 2009 | 12 | 1 | 8.3% |
| 2010 | 18 | 0 | 0.0% |
| 2011 | 24 | 4 | 16.7% |
| 2012 | 26 | 1 | 3.8% |
| 2013 | 26 | 4 | 15.4% |
| 2014 | 23 | 1 | 4.3% |
| 2015 | 18 | 0 | 0.0% |
| 2016 | 18 | 0 | 0.0% |
| 2017 | 11 | 0 | 0.0% |
| 2018 | 12 | 1 | 8.3% |
| 2019 | 5 | 1 | Too few |
Dashed line: all franchise 7(a) loans approved the same year.
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
1046.1% (good)
7616.0% (elevated)
717.2% (good)
558.3% (good)
526.7% (good)
4710.9% (average)
3926.3% (high risk)
3426.5% (high risk)
206.2% (good)
1014.3% (average)
Portfolio summary
Total funded$204.6M
Charged off62 of 528
Risk tierAverage
Avg rate5.78%
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 Interstate Bank originated?
- 528 loans totaling $204.6M. The portfolio carries a 12.6% 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 Interstate Bank's rate of 12.6% 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 Interstate Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Interstate 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.