FU
SBA 7(a) franchise lending portfolio
First United Bank and Trust Company
Risk rating: High Risk
- Total loans
- 115
- Loan volume
- $61.3M
- Avg loan size
- $533K
- Charge-off rate
- 22.9%
- vs 16.0% national
Charged off
19
Avg interest
6.56%
Franchises funded
87
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Fish Window Cleaning | 4 | $715K | N/A |
| Urban Air Trampoline Park | 4 | $6.9M | N/A |
| Precision Tune | 3 | $370K | N/A |
| Dinner Station (the) | 3 | $388K | N/A |
| Curves For Women | 3 | $205K | N/A |
| Lice Lifters | 3 | $636K | N/A |
| Jersey Mike's | 3 | $1.5M | N/A |
| Re/Max Realty | 2 | $236K | N/A |
| Pizza Inn | 2 | $320K | N/A |
| Ace Cash Express | 2 | $217K | N/A |
| Mr. Rooter | 2 | $133K | N/A |
| Cornwell Quality Tool Company, | 2 | $165K | N/A |
| Armstrong Mccall | 2 | $1.5M | N/A |
| Golden Fried Chicken/Golden Ch | 2 | $1.6M | N/A |
| F45 Training | 2 | $395K | N/A |
| Servicemaster Clean | 2 | $1.1M | N/A |
| Smoothie King | 2 | $662K | N/A |
| Express Oil Change | 2 | $1.6M | N/A |
| Dickey's Barbecue Pit | 2 | $498K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 2 |
| FY1993 | 2 |
| FY1994 | 1 |
| FY1995 | 1 |
| FY1996 | 1 |
| FY1998 | 2 |
| FY1999 | 3 |
| FY2000 | 2 |
| FY2001 | 1 |
| FY2002 | 3 |
| FY2003 | 2 |
| FY2004 | 6 |
| FY2005 | 13 |
| FY2006 | 2 |
| FY2007 | 1 |
| FY2012 | 2 |
| FY2014 | 9 |
| FY2015 | 5 |
| FY2016 | 6 |
| FY2017 | 7 |
| FY2018 | 7 |
| FY2019 | 9 |
| FY2020 | 2 |
| FY2021 | 7 |
| FY2022 | 8 |
| FY2023 | 2 |
| FY2024 | 4 |
| FY2025 | 3 |
| FY2026 | 2 |
SBA 7(a) · charge-off rate by approval year
First United Bank and Trust Company charge-off rate by loan vintage
Only 1 of these 11 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 |
|---|---|---|---|
| 1999 | 3 | 2 | Too few |
| 2002 | 3 | 2 | Too few |
| 2004 | 6 | 2 | Too few |
| 2005 | 13 | 6 | 46.2% |
| 2014 | 8 | 0 | Too few |
| 2015 | 4 | 0 | Too few |
| 2016 | 5 | 0 | Too few |
| 2017 | 5 | 0 | Too few |
| 2018 | 5 | 2 | Too few |
| 2019 | 5 | 1 | Too few |
| 2021 | 4 | 0 | 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 United Bank and Trust Company originated?
- 115 loans totaling $61.3M. The portfolio carries a 22.9% charge-off rate, earning a “High Risk” 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 United Bank and Trust Company's rate of 22.9% is above 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 United Bank and Trust Company fund the most?
- The “Top franchise exposures” table above lists the brands First United Bank and Trust Company has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.