FS
SBA 7(a) franchise lending portfolio
First State Community Bank
AVERAGE risk
- Total loans
- 10
- Loan volume
- $3.3M
- Avg loan size
- $328K
- Charge-off 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% (low risk) |
| Golden Corral (restaurant) | 1 | $40K | 0.0% (low risk) |
| Nutri System Weight Loss | 1 | $50K | 100.0% (very high risk) |
| H & R Block | 1 | $35K | 0.0% (low risk) |
| Heavenly Hams | 1 | $75K | 0.0% (low risk) |
| Imo's Pizza | 1 | $66K | 0.0% (low risk) |
| Farmers Insurance Exchange - R | 1 | $634K | N/A |
| Health Mart Pharmacy | 1 | $2.2M | 0.0% (low risk) |
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% (elevated risk)
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
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 Community Bank originated?
- 10 loans totaling $3.3M. The portfolio carries a 11.1% 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 State Community Bank fund the most?
- The “Top franchise exposures” table above lists the brands First State Community 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.