FU
SBA 7(a) franchise lending portfolio
First United Bank
AVERAGE risk
- Total loans
- 16
- Loan volume
- $2.5M
- Avg loan size
- $154K
- Charge-off rate
- 13.3%
- vs 15.4% national avg
Defaults
2
Avg interest
6.88%
Franchises funded
15
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Certirestore | 2 | $90K | 0.0% (low risk) |
| Coast-To-Coast Store | 1 | $254K | 0.0% (low risk) |
| Spaghetti Shop (the) | 1 | $49K | 0.0% (low risk) |
| Armstrong Mccall | 1 | $150K | 0.0% (low risk) |
| Great Harvest Bread Co. | 1 | $215K | 0.0% (low risk) |
| Dinner Station (the) | 1 | $110K | 100.0% (very high risk) |
| Oreck Floor Care Center | 1 | $21K | 0.0% (low risk) |
| Signs Now | 1 | $60K | 0.0% (low risk) |
| Chem-Dry | 1 | $90K | 100.0% (very high risk) |
| Subway Sandwich Shop | 1 | $150K | 0.0% (low risk) |
| Pizzeria Uno's (restaurant) | 1 | $584K | 0.0% (low risk) |
| DEFINE body&mind | 1 | $289K | 0.0% (low risk) |
| Beef 'O' Brady's | 1 | $35K | 0.0% (low risk) |
| Beef 'o' Brady's Family Sports | 1 | $117K | 0.0% (low risk) |
| Dripbar | 1 | $249K | N/A |
Lending volume by year
1'94
1'97
1'01
1'02
2'04
4'05
2'08
1'15
1'16
1'18
1'24
Geographic exposure
Portfolio summary
Total funded$2.5M
Defaults2 of 16
Risk tierAVERAGE
Avg rate6.88%
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 United Bank originated?
- 16 loans totaling $2.5M. The portfolio carries a 13.3% 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 United Bank fund the most?
- The “Top franchise exposures” table above lists the brands First United 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.