FP
SBA 7(a) franchise lending portfolio
First Port City Bank
EXCELLENT risk
- Total loans
- 19
- Loan volume
- $23.4M
- Avg loan size
- $1.2M
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.25%
Franchises funded
14
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Baymont by Wyndham aka Baymont | 3 | $4.0M | 0.0% (low risk) |
| Comfort Suites by Choice Hotel | 2 | $2.9M | N/A |
| Quality Inn by Choice Hotels / | 2 | $4.9M | N/A |
| Ellianos Coffee Company | 2 | $1.4M | N/A |
| Cold Stone Creamery | 1 | $328K | N/A |
| The UPS Store (f/k/a Mail Box | 1 | $694K | N/A |
| WaveMAX Laundry | 1 | $1.3M | N/A |
| Planet Smoothie | 1 | $187K | 0.0% (low risk) |
| Huey Magoo's Chicken Tenders | 1 | $2.6M | N/A |
| Jimmy John's | 1 | $1.8M | N/A |
| ServiceMaster | 1 | $696K | N/A |
| Jones Petroleum Company, Inc. | 1 | $1.1M | N/A |
| Yoga Six | 1 | $536K | N/A |
| Key West | 1 | $1.1M | 0.0% (low risk) |
Lending volume by year
1'19
3'20
5'21
2'22
1'23
2'24
3'25
2'26
Geographic exposure
100.0% (low risk)
40.0% (low risk)
2N/A
2N/A
10.0% (low risk)
Portfolio summary
Total funded$23.4M
Defaults0 of 19
Risk tierEXCELLENT
Avg rate7.25%
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 Port City Bank originated?
- 19 loans totaling $23.4M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” 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 Port City Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Port City 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.