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SBA 7(a) franchise lending portfolio
First Savings Bank
AVERAGE risk
- Total loans
- 210
- Loan volume
- $169.1M
- Avg loan size
- $805K
- Default rate
- 12.5%
- vs 15.4% national avg
Defaults
14
Avg interest
7.68%
Franchises funded
132
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Complete Nutrition | 12 | $1.7M | 25.0% |
| Crumbl | 11 | $5.7M | 0.0% |
| Scooter's Coffee | 7 | $11.4M | — |
| Orange Theory Fitness | 6 | $4.6M | 0.0% |
| Pizza Ranch | 4 | $11.1M | — |
| Marco's Pizza | 3 | $1.3M | 0.0% |
| Carstar Automotive | 3 | $3.6M | 0.0% |
| Meineke Car Care Center | 3 | $705K | 0.0% |
| Gold Star Chili | 3 | $1.6M | 0.0% |
| Massage Envy | 3 | $2.4M | 0.0% |
| Quality Inn by Choice Hotels / | 3 | $5.2M | 0.0% |
| Jersey Mike's | 3 | $2.1M | — |
| The UPS Store (f/k/a Mail Box | 3 | $1.6M | — |
| Suzuki(dealers) | 2 | $75K | 0.0% |
| Line-X | 2 | $662K | 50.0% |
| Meineke | 2 | $531K | 0.0% |
| DQ Treat | 2 | $3.0M | 0.0% |
| Big O Tires | 2 | $70K | 0.0% |
| Jimmy John's | 2 | $761K | 0.0% |
| Orange Theory Fitness | 2 | $1.5M | 0.0% |
Lending volume by year
1'92
2
1
1
1
2'04
2
1
2
1
6'09
2
5
3
3
1'14
6
5
16
21
21'19
13
21
12
11
23'24
19
8'26
First Savings Bank default rate by loan vintage
BrandNational avg
Geographic exposure
309.1%
1633.3%
1611.1%
140.0%
120.0%
1010.0%
914.3%
80.0%
816.7%
820.0%
Portfolio summary
Total funded$169.1M
Defaults14 of 210
Risk tierAVERAGE
Avg rate7.68%
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%).