![First Midwest Bank logo](https://cdn.brandfetch.io/firstmidwestbank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
First Midwest Bank
CRITICAL risk
- Total loans
- 10
- Loan volume
- $1.9M
- Avg loan size
- $185K
- Default rate
- 20.0%
- vs 15.4% national avg
Defaults
2
Avg interest
—
Franchises funded
7
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $529K | 0.0% |
| Brown's Chicken & Pasta | 1 | $43K | 100.0% |
| Quiznos | 1 | $140K | 0.0% |
| Dairy Queen | 1 | $110K | 0.0% |
| Aurelio's Pizza | 1 | $675K | 100.0% |
| Midas Muffler Shop | 1 | $290K | 0.0% |
| World Inspection Network | 1 | $64K | 0.0% |
Lending volume by year
2'99
1'01
2'02
2'03
2'04
1'07
Geographic exposure
1020.0%
Portfolio summary
Total funded$1.9M
Defaults2 of 10
Risk tierCRITICAL
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%).