FN
SBA 7(a) franchise lending portfolio
First National Bank
Risk rating: Average
- Total loans
- 56
- Loan volume
- $15.7M
- Avg loan size
- $281K
- Charge-off rate
- 13.5%
- vs 16.0% national
Charged off
7
Avg interest
5.79%
Franchises funded
44
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $562K | N/A |
| True Value Hardware | 2 | $133K | N/A |
| Dairy Queen | 2 | $295K | N/A |
| Taco John's | 2 | $495K | N/A |
| Coast-To-Coast Store | 2 | $65K | N/A |
| Cold Stone Creamery, Inc. | 2 | $350K | N/A |
| Mobile Appearance Reconditioni | 2 | $112K | N/A |
| Chrysler | 2 | $2.1M | N/A |
| Pizza Ranch | 2 | $1.1M | N/A |
| Beef Jerky Outlet | 2 | $278K | N/A |
| Tcby | 1 | $48K | N/A |
| Radio Shack | 1 | $100K | N/A |
| Country Kitchen | 1 | $324K | N/A |
| Triple Check Tax And Accountin | 1 | $25K | N/A |
| Alta Mere Window Tinting & Aut | 1 | $70K | N/A |
| Hallmark Card Shop | 1 | $60K | N/A |
| American Speedy Printing | 1 | $80K | N/A |
| Tires Plus | 1 | $100K | N/A |
| Once Upon A Child | 1 | $150K | N/A |
| Servicemaster | 1 | $47K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 3 |
| FY1993 | 1 |
| FY1994 | 4 |
| FY1995 | 5 |
| FY1996 | 1 |
| FY1997 | 2 |
| FY1998 | 2 |
| FY1999 | 3 |
| FY2000 | 3 |
| FY2002 | 2 |
| FY2003 | 2 |
| FY2004 | 2 |
| FY2005 | 4 |
| FY2006 | 1 |
| FY2010 | 2 |
| FY2011 | 1 |
| FY2012 | 3 |
| FY2013 | 1 |
| FY2016 | 1 |
| FY2017 | 3 |
| FY2018 | 2 |
| FY2019 | 2 |
| FY2020 | 3 |
| FY2022 | 3 |
SBA 7(a) · charge-off rate by approval year
First National Bank 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 |
|---|---|---|---|
| 1992 | 3 | 0 | Too few |
| 1994 | 4 | 0 | Too few |
| 1995 | 4 | 1 | Too few |
| 1999 | 3 | 0 | Too few |
| 2000 | 3 | 1 | Too few |
| 2005 | 4 | 1 | Too few |
| 2012 | 3 | 0 | Too few |
| 2017 | 3 | 1 | 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.
Geographic exposure
1010.0% (average)
8N/A
7N/A
7N/A
5N/A
5N/A
5N/A
3N/A
2N/A
1N/A
Portfolio summary
Total funded$15.7M
Charged off7 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). 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 National Bank's rate of 13.5% is below 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 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.