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SBA 7(a) franchise lending portfolio
FirstBank
Risk rating: Good
- Total loans
- 89
- Loan volume
- $57.7M
- Avg loan size
- $648K
- Charge-off rate
- 7.5%
- vs 16.0% national
Charged off
5
Avg interest
6.82%
Franchises funded
72
Risk rating
Good
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Johnny's Pizza, Johnny Brusco' | 11 | $7.3M | N/A |
| Subway Sandwich Shop | 6 | $972K | N/A |
| Cheba Hut | 2 | $364K | N/A |
| Jimmy John's | 2 | $733K | N/A |
| Great American Cookies | 2 | $800K | N/A |
| Haagen-Dazs Ice Cream | 1 | $100K | N/A |
| Econo Lodge Motel | 1 | $825K | N/A |
| Handle With Care Packaging Sto | 1 | $100K | N/A |
| Coffee Beanery (retail Coffee) | 1 | $50K | N/A |
| Best Western Inn | 1 | $950K | N/A |
| Speedy Sign-O-Rama | 1 | $50K | N/A |
| Children's Orchard (retail Clo | 1 | $61K | N/A |
| Packaging Store | 1 | $100K | N/A |
| General Nutrition Center | 1 | $40K | N/A |
| Fox's Pizza Den | 1 | $92K | N/A |
| Extreme Pizza | 1 | $90K | N/A |
| Marble Slab Creamery | 1 | $511K | N/A |
| Minuteman Press | 1 | $70K | N/A |
| Big Apple Bagels | 1 | $250K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 1 |
| FY1995 | 2 |
| FY1997 | 2 |
| FY1998 | 5 |
| FY1999 | 1 |
| FY2000 | 1 |
| FY2001 | 2 |
| FY2002 | 2 |
| FY2003 | 1 |
| FY2004 | 2 |
| FY2005 | 4 |
| FY2009 | 1 |
| FY2011 | 8 |
| FY2012 | 5 |
| FY2013 | 2 |
| FY2014 | 5 |
| FY2015 | 8 |
| FY2016 | 2 |
| FY2017 | 4 |
| FY2018 | 6 |
| FY2019 | 7 |
| FY2021 | 4 |
| FY2022 | 2 |
| FY2023 | 3 |
| FY2024 | 3 |
| FY2025 | 5 |
SBA 7(a) · charge-off rate by approval year
FirstBank charge-off rate by loan vintage
None of these 9 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 |
|---|---|---|---|
| 1998 | 5 | 0 | Too few |
| 2005 | 4 | 2 | Too few |
| 2011 | 8 | 0 | Too few |
| 2012 | 5 | 0 | Too few |
| 2014 | 5 | 0 | Too few |
| 2015 | 7 | 0 | Too few |
| 2017 | 4 | 0 | Too few |
| 2018 | 4 | 0 | Too few |
| 2019 | 4 | 1 | 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 FirstBank originated?
- 89 loans totaling $57.7M. The portfolio carries a 7.5% charge-off rate, earning a “Good” 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. FirstBank's rate of 7.5% 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 FirstBank fund the most?
- The “Top franchise exposures” table above lists the brands FirstBank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.