FP
SBA 7(a) franchise lending portfolio
First PREMIER Bank
AVERAGE risk
- Total loans
- 29
- Loan volume
- $4.6M
- Avg loan size
- $158K
- Charge-off 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% (low risk) |
| Microage Computer Store | 1 | $80K | 0.0% (low risk) |
| Dairy Queen | 1 | $400K | 0.0% (low risk) |
| MAACO Auto Painting Center | 1 | $140K | 100.0% (very high risk) |
| Schlotzsky's Sandwich Shop | 1 | $150K | 0.0% (low risk) |
| Inches-A-Weigh | 1 | $60K | 0.0% (low risk) |
| Golf Etc. | 1 | $100K | 0.0% (low risk) |
| Abbey Carpet | 1 | $150K | 0.0% (low risk) |
| Sears Catalog Store | 1 | $180K | 0.0% (low risk) |
| Quiznos | 1 | $66K | 0.0% (low risk) |
| Christmas Decor, Inc. | 1 | $127K | 0.0% (low risk) |
| Juice Stop | 1 | $140K | 0.0% (low risk) |
| Synergy Homecare | 1 | $80K | 0.0% (low risk) |
| Nick-N-Willy's Pizza | 1 | $60K | 100.0% (very high risk) |
| B & G Milkyway | 1 | $95K | 0.0% (low risk) |
| Professional Carpet Systems | 1 | $260K | 0.0% (low risk) |
| Freshway Food Systems | 1 | $200K | 0.0% (low risk) |
| Minuteman Press | 1 | $149K | 0.0% (low risk) |
| Health Mart Inc. | 1 | $200K | 0.0% (low risk) |
| Mixed | 1 | $150K | 100.0% (very high risk) |
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% (elevated risk)
10.0% (low risk)
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
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 PREMIER Bank originated?
- 29 loans totaling $4.6M. The portfolio carries a 10.7% charge-off rate, earning a “AVERAGE” 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 PREMIER Bank fund the most?
- The “Top franchise exposures” table above lists the brands First PREMIER 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.