FO
SBA 7(a) franchise lending portfolio
First Oklahoma Bank
CRITICAL risk
- Total loans
- 47
- Loan volume
- $29.5M
- Avg loan size
- $627K
- Charge-off rate
- 25.9%
- vs 15.4% national avg
Defaults
7
Avg interest
6.16%
Franchises funded
27
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 6 | $2.7M | 33.3% (very high risk) |
| Meineke Car Care Center | 5 | $3.4M | N/A |
| Subway | 3 | $500K | 0.0% (low risk) |
| Hurts Donut Company | 3 | $855K | 100.0% (very high risk) |
| Safe Homecare | 3 | $1.2M | N/A |
| Schlotzsky's | 2 | $2.5M | N/A |
| Subway | 2 | $340K | 0.0% (low risk) |
| Chevrolet | 2 | $1.4M | 0.0% (low risk) |
| Best Western Inn | 2 | $2.1M | 0.0% (low risk) |
| Burn Boot Camp Fitness | 2 | $3.0M | 0.0% (low risk) |
| Bellacino's Pizza | 1 | $260K | 100.0% (very high risk) |
| Massage Envy | 1 | $400K | 0.0% (low risk) |
| Ron's Hamburgers & Chili | 1 | $371K | 0.0% (low risk) |
| Freddy's Frozen Custard | 1 | $1.4M | 0.0% (low risk) |
| Simple Simon's Pizza | 1 | $1.1M | N/A |
| Massage Envy | 1 | $1.3M | 0.0% (low risk) |
| Christian Brothers Automotive | 1 | $315K | 0.0% (low risk) |
| Tea2Go | 1 | $291K | 100.0% (very high risk) |
| The Melting Pot | 1 | $345K | N/A |
| Flip Flop Shops | 1 | $220K | N/A |
Lending volume by year
1'10
3'11
6'12
7'13
1'14
3'15
4'16
2'17
2'18
7'19
2'20
1'21
3'22
1'23
3'24
1'25
First Oklahoma Bank charge-off rate by loan vintage
BrandNational avg
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 Oklahoma Bank originated?
- 47 loans totaling $29.5M. The portfolio carries a 25.9% 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 Oklahoma Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Oklahoma 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.