FU
SBA 7(a) franchise lending portfolio
First Utah Bank
Risk rating: Excellent
- Total loans
- 53
- Loan volume
- $92.8M
- Avg loan size
- $1.8M
- Charge-off rate
- 2.5%
- vs 16.0% national
Charged off
1
Avg interest
6.74%
Franchises funded
39
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 3 | $198K | N/A |
| Red Roof Inn | 3 | $8.4M | N/A |
| Massage LuXe | 3 | $1.3M | N/A |
| Sleep Inn by Choice Hotels/Sle | 3 | $11.4M | N/A |
| Comfort/ Comfort Inn & Suites/ | 2 | $5.1M | N/A |
| Church's Chicken | 2 | $1.8M | N/A |
| Wyndham Hotels & Resorts | 2 | $8.4M | N/A |
| Quality Inn/Quality Suites, Ho | 2 | $2.4M | N/A |
| Disaster Kleenup | 2 | $954K | N/A |
| Kiddie Academy | 2 | $4.3M | N/A |
| Extended Stay America Suites f | 2 | $10.0M | N/A |
| 5 Buck Pizza | 1 | $23K | N/A |
| Zuka Juice | 1 | $150K | N/A |
| Sign-A-Rama | 1 | $178K | N/A |
| Re/Max Realty | 1 | $25K | N/A |
| Blimpie | 1 | $86K | N/A |
| Red Lion Inn & Suites | 1 | $3.1M | N/A |
| Arctic Circle | 1 | $620K | N/A |
| Classy Closets | 1 | $393K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2000 | 1 |
| FY2002 | 1 |
| FY2003 | 1 |
| FY2004 | 2 |
| FY2007 | 1 |
| FY2008 | 1 |
| FY2010 | 1 |
| FY2014 | 6 |
| FY2015 | 2 |
| FY2016 | 9 |
| FY2017 | 7 |
| FY2018 | 4 |
| FY2019 | 4 |
| FY2020 | 1 |
| FY2021 | 2 |
| FY2024 | 2 |
| FY2025 | 7 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
First Utah Bank charge-off rate by loan vintage
None of these 5 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 |
|---|---|---|---|
| 2014 | 6 | 0 | Too few |
| 2016 | 9 | 0 | Too few |
| 2017 | 6 | 0 | Too few |
| 2018 | 3 | 0 | Too few |
| 2019 | 3 | 0 | Too few |
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 Utah Bank originated?
- 53 loans totaling $92.8M. The portfolio carries a 2.5% charge-off rate, earning a “Excellent” 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 Utah Bank's rate of 2.5% is below 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 Utah Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Utah 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.