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SBA 7(a) franchise lending portfolio
First Utah Bank
EXCELLENT risk
- Total loans
- 53
- Loan volume
- $92.8M
- Avg loan size
- $1.8M
- Default rate
- 2.5%
- vs 15.4% national avg
Defaults
1
Avg interest
6.74%
Franchises funded
39
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 3 | $198K | 0.0% |
| Red Roof Inn | 3 | $8.4M | 0.0% |
| Massage LuXe | 3 | $1.3M | — |
| Comfort/ Comfort Inn & Suites/ | 2 | $5.1M | 0.0% |
| Church's Chicken | 2 | $1.8M | 0.0% |
| Wyndham Hotels & Resorts | 2 | $8.4M | 0.0% |
| Quality Inn/Quality Suites, Ho | 2 | $2.4M | 0.0% |
| Sleep Inn by Choice Hotels/Sle | 2 | $8.4M | 0.0% |
| Disaster Kleenup | 2 | $954K | 0.0% |
| Kiddie Academy | 2 | $4.3M | — |
| Extended Stay America Suites f | 2 | $10.0M | — |
| 5 Buck Pizza | 1 | $23K | 0.0% |
| Zuka Juice | 1 | $150K | 0.0% |
| Sign-A-Rama | 1 | $178K | 0.0% |
| Re/Max Realty | 1 | $25K | 100.0% |
| Blimpie | 1 | $86K | 0.0% |
| Sleep Inn/Sleep Inn & Suites | 1 | $3.0M | 0.0% |
| Red Lion Inn & Suites | 1 | $3.1M | 0.0% |
| Arctic Circle | 1 | $620K | 0.0% |
| Classy Closets | 1 | $393K | 0.0% |
Lending volume by year
1'00
1'02
1'03
2'04
1'07
1'08
1'10
6'14
2'15
9'16
7'17
4'18
4'19
1'20
2'21
2'24
7'25
1'26
First Utah Bank default rate by loan vintage
BrandNational avg
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%).