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SBA 7(a) franchise lending portfolio
First State Bank
ELEVATED risk
- Total loans
- 52
- Loan volume
- $36.4M
- Avg loan size
- $701K
- Default rate
- 15.4%
- vs 15.4% national avg
Defaults
4
Avg interest
6.63%
Franchises funded
35
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Simple Simon's Pizza | 9 | $2.1M | 100.0% |
| Jet's Pizza | 4 | $1.3M | 0.0% |
| Simple Simon's Pizza | 3 | $534K | 0.0% |
| Mellow Mushroom | 2 | $2.4M | 0.0% |
| Wingstop | 2 | $797K | 0.0% |
| Duraclean | 2 | $626K | — |
| Nothing Bundt Cakes | 2 | $1.3M | — |
| Pronto Markets | 1 | $468K | 0.0% |
| Servicemaster | 1 | $48K | 0.0% |
| Dairy Queen | 1 | $300K | 0.0% |
| Minuteman Press | 1 | $60K | 100.0% |
| Radio Shack | 1 | $100K | 0.0% |
| Mail Boxes Etc. Usa | 1 | $40K | 0.0% |
| Subway Sandwich Shop | 1 | $140K | 0.0% |
| Taco Mayo | 1 | $251K | 100.0% |
| Pet Supplies Plus | 1 | $245K | 0.0% |
| Molly Maid | 1 | $102K | 0.0% |
| Pizza Ranch | 1 | $710K | 0.0% |
| H&R Block - Franchise License | 1 | $75K | 0.0% |
| Piggly Wiggly | 1 | $1.4M | 0.0% |
Lending volume by year
1'93
1
1
1
1
1'08
1
2
2
1
2'13
4
2
3
1
1'20
6
9
6
4
2'25
First State Bank default rate by loan vintage
BrandNational avg
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%).