FS
SBA 7(a) franchise lending portfolio
First State Bank
Risk rating: Elevated
- Total loans
- 52
- Loan volume
- $36.4M
- Avg loan size
- $701K
- Charge-off rate
- 15.4%
- vs 16.0% national
Charged off
4
Avg interest
6.63%
Franchises funded
35
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Simple Simon's Pizza | 12 | $2.6M | N/A |
| Jet's Pizza | 4 | $1.3M | N/A |
| Mellow Mushroom | 2 | $2.4M | N/A |
| Wingstop | 2 | $797K | N/A |
| Duraclean | 2 | $626K | N/A |
| Nothing Bundt Cakes | 2 | $1.3M | N/A |
| Pronto Markets | 1 | $468K | N/A |
| Servicemaster | 1 | $48K | N/A |
| Dairy Queen | 1 | $300K | N/A |
| Minuteman Press | 1 | $60K | N/A |
| Radio Shack | 1 | $100K | N/A |
| Mail Boxes Etc. Usa | 1 | $40K | N/A |
| Subway Sandwich Shop | 1 | $140K | N/A |
| Taco Mayo | 1 | $251K | N/A |
| Pet Supplies Plus | 1 | $245K | N/A |
| Molly Maid | 1 | $102K | N/A |
| Pizza Ranch | 1 | $710K | N/A |
| H&R Block - Franchise License | 1 | $75K | N/A |
| Piggly Wiggly | 1 | $1.4M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1993 | 1 |
| FY1995 | 1 |
| FY2000 | 1 |
| FY2003 | 1 |
| FY2006 | 1 |
| FY2008 | 1 |
| FY2009 | 1 |
| FY2010 | 2 |
| FY2011 | 2 |
| FY2012 | 1 |
| FY2013 | 2 |
| FY2014 | 4 |
| FY2016 | 2 |
| FY2018 | 3 |
| FY2019 | 1 |
| FY2020 | 1 |
| FY2021 | 6 |
| FY2022 | 9 |
| FY2023 | 6 |
| FY2024 | 4 |
| FY2025 | 2 |
SBA 7(a) · charge-off rate by approval year
First State Bank charge-off rate by loan vintage
None of these 3 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2014 | 4 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2021 | 3 | 1 | Too early |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 State Bank originated?
- 52 loans totaling $36.4M. The portfolio carries a 15.4% charge-off rate, earning a “Elevated” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. First State Bank's rate of 15.4% is near the national rate.
- 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 State Bank fund the most?
- The “Top franchise exposures” table above lists the brands First State 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.