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SBA 7(a) franchise lending portfolio
First PREMIER Bank
AVERAGE risk
- Total loans
- 29
- Loan volume
- $4.6M
- Avg loan size
- $158K
- Default rate
- 10.7%
- vs 15.4% national avg
Defaults
3
Avg interest
6.10%
Franchises funded
26
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Fastsigns | 4 | $677K | 0.0% |
| Microage Computer Store | 1 | $80K | 0.0% |
| Dairy Queen | 1 | $400K | 0.0% |
| MAACO Auto Painting Center | 1 | $140K | 100.0% |
| Schlotzsky's Sandwich Shop | 1 | $150K | 0.0% |
| Inches-A-Weigh | 1 | $60K | 0.0% |
| Golf Etc. | 1 | $100K | 0.0% |
| Abbey Carpet | 1 | $150K | 0.0% |
| Sears Catalog Store | 1 | $180K | 0.0% |
| Quiznos | 1 | $66K | 0.0% |
| Christmas Decor, Inc. | 1 | $127K | 0.0% |
| Juice Stop | 1 | $140K | 0.0% |
| Synergy Homecare | 1 | $80K | 0.0% |
| Nick-N-Willy's Pizza | 1 | $60K | 100.0% |
| B & G Milkyway | 1 | $95K | 0.0% |
| Professional Carpet Systems | 1 | $260K | 0.0% |
| Freshway Food Systems | 1 | $200K | 0.0% |
| Minuteman Press | 1 | $149K | 0.0% |
| Health Mart Inc. | 1 | $200K | 0.0% |
| Mixed | 1 | $150K | 100.0% |
Lending volume by year
1'93
1
3
1
1
4'02
1
1
1
2
1'08
2
2
1
1
1'14
1
1
1
1
1'22
Geographic exposure
2811.1%
10.0%
Portfolio summary
Total funded$4.6M
Defaults3 of 29
Risk tierAVERAGE
Avg rate6.10%
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%).