FM
SBA 7(a) franchise lending portfolio
First Mid Bank & Trust, National Association
Risk rating: Elevated
- Total loans
- 76
- Loan volume
- $27.6M
- Avg loan size
- $363K
- Charge-off rate
- 17.5%
- vs 16.0% national
Charged off
11
Avg interest
5.96%
Franchises funded
57
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Papa Murphy's Take 'N' Bake Pi | 6 | $2.3M | N/A |
| Merle Norman Cosmetics | 4 | $165K | N/A |
| Dairy Queen | 3 | $617K | N/A |
| Jimmy John's | 3 | $939K | N/A |
| Subway Sandwich Shop | 3 | $818K | N/A |
| Johnny Rockets | 2 | $271K | N/A |
| Upper Cervical Health Centers | 2 | $275K | N/A |
| Daylight Donut Shop | 2 | $175K | N/A |
| Little Caesar Pizza | 2 | $397K | N/A |
| Super 8 | 2 | $600K | N/A |
| Alignlife | 2 | $379K | N/A |
| Formu-3 Weight Loss Center | 1 | $27K | N/A |
| Matco Tools (rent Tools) | 1 | $28K | N/A |
| Days Inn | 1 | $750K | N/A |
| Little Gym | 1 | $108K | N/A |
| Domino's Pizza | 1 | $235K | N/A |
| Schlotzsky's Sandwich Shop | 1 | $110K | N/A |
| Cornwell Quality Tool Company, | 1 | $39K | N/A |
| Paul Mitchell Advanced Educati | 1 | $75K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1994 | 3 |
| FY1995 | 1 |
| FY1997 | 1 |
| FY1998 | 1 |
| FY1999 | 2 |
| FY2000 | 1 |
| FY2001 | 1 |
| FY2002 | 6 |
| FY2003 | 1 |
| FY2004 | 1 |
| FY2005 | 3 |
| FY2006 | 1 |
| FY2008 | 4 |
| FY2009 | 1 |
| FY2010 | 2 |
| FY2011 | 2 |
| FY2012 | 4 |
| FY2013 | 3 |
| FY2014 | 8 |
| FY2015 | 8 |
| FY2016 | 3 |
| FY2017 | 1 |
| FY2018 | 3 |
| FY2019 | 2 |
| FY2020 | 4 |
| FY2021 | 2 |
| FY2022 | 3 |
| FY2023 | 1 |
| FY2024 | 3 |
SBA 7(a) · charge-off rate by approval year
First Mid Bank & Trust, National Association charge-off rate by loan vintage
None of these 8 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 |
|---|---|---|---|
| 1994 | 3 | 0 | Too few |
| 2002 | 6 | 2 | Too few |
| 2005 | 3 | 1 | Too few |
| 2008 | 4 | 1 | Too few |
| 2012 | 4 | 1 | Too few |
| 2013 | 3 | 0 | Too few |
| 2014 | 8 | 2 | Too few |
| 2015 | 8 | 0 | Too few |
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.
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 Mid Bank & Trust, National Association originated?
- 76 loans totaling $27.6M. The portfolio carries a 17.5% charge-off rate, earning a “Elevated” 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 Mid Bank & Trust, National Association's rate of 17.5% is above 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 Mid Bank & Trust, National Association fund the most?
- The “Top franchise exposures” table above lists the brands First Mid Bank & Trust, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.