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SBA 7(a) franchise lending portfolio
First National Bank Minnesota
GOOD risk
- Total loans
- 11
- Loan volume
- $2.3M
- Avg loan size
- $212K
- Default rate
- 9.1%
- vs 15.4% national avg
Defaults
1
Avg interest
6.00%
Franchises funded
8
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Erbert & Gerbert's Subs & Club | 3 | $445K | 0.0% |
| Country Kitchen | 2 | $1.1M | 50.0% |
| Play It Again Sports (retail S | 1 | $90K | 0.0% |
| Bridgeman's Restaurant & Conti | 1 | $155K | 0.0% |
| Beltone Hearing Aid Service | 1 | $30K | 0.0% |
| Milio's Sandwiches | 1 | $150K | 0.0% |
| Figaro's Italian Pizza | 1 | $127K | 0.0% |
| The UPS Store | 1 | $200K | 0.0% |
Lending volume by year
1'92
2'96
1'00
1'03
3'04
2'05
1'15
Geographic exposure
119.1%
Portfolio summary
Total funded$2.3M
Defaults1 of 11
Risk tierGOOD
Avg rate6.00%
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%).