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SBA 7(a) franchise lending portfolio
First Mid Bank & Trust, National Association
ELEVATED risk
- Total loans
- 76
- Loan volume
- $27.6M
- Avg loan size
- $363K
- Default rate
- 17.5%
- vs 15.4% national avg
Defaults
11
Avg interest
5.96%
Franchises funded
57
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Merle Norman Cosmetics | 4 | $165K | 0.0% |
| Papa Murphy's Take 'N' Bake Pi | 4 | $1.8M | — |
| Dairy Queen | 3 | $617K | 0.0% |
| Jimmy John's | 3 | $939K | 33.3% |
| Subway Sandwich Shop | 3 | $818K | 0.0% |
| Johnny Rockets | 2 | $271K | 100.0% |
| Papa Murphy's Take & Bake Pizz | 2 | $499K | 0.0% |
| Upper Cervical Health Centers | 2 | $275K | 50.0% |
| Daylight Donut Shop | 2 | $175K | 100.0% |
| Little Caesar Pizza | 2 | $397K | 0.0% |
| Super 8 | 2 | $600K | 0.0% |
| Alignlife | 2 | $379K | 0.0% |
| Formu-3 Weight Loss Center | 1 | $27K | 0.0% |
| Matco Tools (rent Tools) | 1 | $28K | 0.0% |
| Days Inn | 1 | $750K | 0.0% |
| Little Gym | 1 | $108K | 0.0% |
| Domino's Pizza | 1 | $235K | 0.0% |
| Schlotzsky's Sandwich Shop | 1 | $110K | 0.0% |
| Cornwell Quality Tool Company, | 1 | $39K | 100.0% |
| Paul Mitchell Advanced Educati | 1 | $75K | 0.0% |
Lending volume by year
3'94
1
1
1
2
1'00
1
6
1
1
3'05
1
4
1
2
2'11
4
3
8
8
3'16
1
3
2
4
2'21
3
1
3'24
First Mid Bank & Trust, National Association default rate by loan vintage
BrandNational avg
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%).