FN
SBA 7(a) franchise lending portfolio
First National Bank
AVERAGE risk
- Total loans
- 56
- Loan volume
- $15.7M
- Avg loan size
- $281K
- Charge-off rate
- 13.5%
- vs 15.4% national avg
Defaults
7
Avg interest
5.79%
Franchises funded
44
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $562K | 0.0% (low risk) |
| True Value Hardware | 2 | $133K | 0.0% (low risk) |
| Dairy Queen | 2 | $295K | 0.0% (low risk) |
| Taco John's | 2 | $495K | 0.0% (low risk) |
| Coast-To-Coast Store | 2 | $65K | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 2 | $350K | 100.0% (very high risk) |
| Mobile Appearance Reconditioni | 2 | $112K | 50.0% (very high risk) |
| Chrysler | 2 | $2.1M | 0.0% (low risk) |
| Pizza Ranch | 2 | $1.1M | 0.0% (low risk) |
| Beef Jerky Outlet | 2 | $278K | 0.0% (low risk) |
| Tcby | 1 | $48K | 0.0% (low risk) |
| Radio Shack | 1 | $100K | 0.0% (low risk) |
| Country Kitchen | 1 | $324K | 0.0% (low risk) |
| Triple Check Tax And Accountin | 1 | $25K | 0.0% (low risk) |
| Alta Mere Window Tinting & Aut | 1 | $70K | 0.0% (low risk) |
| Hallmark Card Shop | 1 | $60K | 0.0% (low risk) |
| American Speedy Printing | 1 | $80K | 0.0% (low risk) |
| Tires Plus | 1 | $100K | 0.0% (low risk) |
| Once Upon A Child | 1 | $150K | 0.0% (low risk) |
| Servicemaster | 1 | $47K | 100.0% (very high risk) |
Lending volume by year
3'92
1
4
5
1
2'97
2
3
3
2
2'03
2
4
1
2
1'11
3
1
1
3
2'18
2
3
3'22
First National Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
1010.0% (elevated risk)
812.5% (elevated risk)
757.1% (very high risk)
714.3% (elevated risk)
50.0% (low risk)
50.0% (low risk)
50.0% (low risk)
30.0% (low risk)
20.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$15.7M
Defaults7 of 56
Risk tierAVERAGE
Avg rate5.79%
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 National Bank originated?
- 56 loans totaling $15.7M. The portfolio carries a 13.5% charge-off rate, earning a “AVERAGE” 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 National Bank fund the most?
- The “Top franchise exposures” table above lists the brands First National 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.