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SBA 7(a) franchise lending portfolio
First Interstate Bank
AVERAGE risk
- Total loans
- 528
- Loan volume
- $204.6M
- Avg loan size
- $387K
- Default rate
- 12.6%
- vs 15.4% national avg
Defaults
62
Avg interest
5.78%
Franchises funded
281
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 17 | $3.8M | 0.0% |
| Dairy Queen | 11 | $3.4M | 18.2% |
| Blimpie | 11 | $1.2M | 9.1% |
| Chevron (gas Station) | 9 | $11.6M | 0.0% |
| Quiznos | 9 | $1.1M | 33.3% |
| Scooters Java Express | 9 | $1.4M | 33.3% |
| Allstate Insurance | 8 | $1.4M | 12.5% |
| Jimmy John's | 8 | $5.2M | 0.0% |
| Snap-On-Tools | 7 | $816K | 0.0% |
| Taco Time | 6 | $1.8M | 33.3% |
| Kitchen Tune Up | 6 | $265K | 83.3% |
| Domino's Pizza | 6 | $764K | 0.0% |
| Hickory Farms Store | 5 | $845K | 0.0% |
| Papa Murphy's Take & Bake Pizz | 5 | $878K | 0.0% |
| Pearle Vision Center | 5 | $1.8M | 0.0% |
| Anytime Fitness | 5 | $843K | 40.0% |
| Servpro | 4 | $445K | 0.0% |
| Perkins Restaurants | 4 | $1.4M | 0.0% |
| Fantastic Sam's | 4 | $434K | 0.0% |
| Mail Boxes Etc. Usa | 4 | $309K | 0.0% |
Lending volume by year
9'92
15
21
20
20
14'97
11
9
16
9
21'02
20
26
29
28
7'07
20
12
18
24
27'12
29
24
19
21
12'17
13
6
5
7
9'22
5
2'24
First Interstate Bank default rate by loan vintage
BrandNational avg
Geographic exposure
1046.1%
7616.0%
717.2%
558.3%
526.7%
4710.9%
3926.3%
3426.5%
206.2%
1014.3%
Portfolio summary
Total funded$204.6M
Defaults62 of 528
Risk tierAVERAGE
Avg rate5.78%
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%).