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SBA 7(a) franchise lending portfolio
First State Community Bank
AVERAGE risk
- Total loans
- 10
- Loan volume
- $3.3M
- Avg loan size
- $328K
- Default rate
- 11.1%
- vs 15.4% national avg
Defaults
1
Avg interest
6.75%
Franchises funded
8
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 3 | $206K | 0.0% |
| Golden Corral (restaurant) | 1 | $40K | 0.0% |
| Nutri System Weight Loss | 1 | $50K | 100.0% |
| H & R Block | 1 | $35K | 0.0% |
| Heavenly Hams | 1 | $75K | 0.0% |
| Imo's Pizza | 1 | $66K | 0.0% |
| Farmers Insurance Exchange - R | 1 | $634K | — |
| Health Mart Pharmacy | 1 | $2.2M | 0.0% |
Lending volume by year
2'94
1'95
1'97
1'00
1'02
1'06
1'09
1'20
1'23
Geographic exposure
1011.1%
Portfolio summary
Total funded$3.3M
Defaults1 of 10
Risk tierAVERAGE
Avg rate6.75%
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%).