FM
SBA 7(a) franchise lending portfolio
First Midwest Bank
CRITICAL risk
- Total loans
- 10
- Loan volume
- $1.9M
- Avg loan size
- $185K
- Charge-off rate
- 20.0%
- vs 15.4% national avg
Defaults
2
Avg interest
N/A
Franchises funded
7
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $529K | 0.0% (low risk) |
| Brown's Chicken & Pasta | 1 | $43K | 100.0% (very high risk) |
| Quiznos | 1 | $140K | 0.0% (low risk) |
| Dairy Queen | 1 | $110K | 0.0% (low risk) |
| Aurelio's Pizza | 1 | $675K | 100.0% (very high risk) |
| Midas Muffler Shop | 1 | $290K | 0.0% (low risk) |
| World Inspection Network | 1 | $64K | 0.0% (low risk) |
Lending volume by year
2'99
1'01
2'02
2'03
2'04
1'07
Geographic exposure
1020.0% (very high risk)
Portfolio summary
Total funded$1.9M
Defaults2 of 10
Risk tierCRITICAL
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 Midwest Bank originated?
- 10 loans totaling $1.9M. The portfolio carries a 20.0% charge-off rate, earning a “CRITICAL” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- 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 Midwest Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Midwest 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.