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SBA 7(a) franchise lending portfolio
First Oklahoma Bank
CRITICAL risk
- Total loans
- 47
- Loan volume
- $29.5M
- Avg loan size
- $627K
- Default 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% |
| Meineke Car Care Center | 5 | $3.4M | — |
| Subway | 3 | $500K | 0.0% |
| Hurts Donut Company | 3 | $855K | 100.0% |
| Safe Homecare | 3 | $1.2M | — |
| Schlotzsky's | 2 | $2.5M | — |
| Subway | 2 | $340K | 0.0% |
| Chevrolet | 2 | $1.4M | 0.0% |
| Best Western Inn | 2 | $2.1M | 0.0% |
| Burn Boot Camp Fitness | 2 | $3.0M | 0.0% |
| Bellacino's Pizza | 1 | $260K | 100.0% |
| Massage Envy | 1 | $400K | 0.0% |
| Ron's Hamburgers & Chili | 1 | $371K | 0.0% |
| Freddy's Frozen Custard | 1 | $1.4M | 0.0% |
| Simple Simon's Pizza | 1 | $1.1M | — |
| Massage Envy | 1 | $1.3M | 0.0% |
| Christian Brothers Automotive | 1 | $315K | 0.0% |
| Tea2Go | 1 | $291K | 100.0% |
| The Melting Pot | 1 | $345K | — |
| Flip Flop Shops | 1 | $220K | — |
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 default rate by loan vintage
BrandNational avg
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%).