FP
SBA 7(a) franchise lending portfolio
FirstBank Puerto Rico
CRITICAL risk
- Total loans
- 89
- Loan volume
- $14.8M
- Avg loan size
- $167K
- Charge-off rate
- 26.6%
- vs 15.4% national avg
Defaults
21
Avg interest
6.84%
Franchises funded
43
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 16 | $2.8M | 12.5% (elevated risk) |
| Taco Maker | 5 | $766K | 80.0% (very high risk) |
| Marco's Pizza | 5 | $2.0M | N/A |
| Blimpie | 4 | $508K | 75.0% (very high risk) |
| Martin's Bbq | 4 | $1.1M | 33.3% (very high risk) |
| Post Net | 4 | $305K | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 3 | $809K | 0.0% (low risk) |
| The UPS Store | 3 | $55K | 33.3% (very high risk) |
| Carvel Ice Cream | 3 | $223K | 66.7% (very high risk) |
| ImageFIRST Healthcare Laundry | 3 | $695K | N/A |
| Snap-On-Tools | 2 | $70K | 0.0% (low risk) |
| Curves For Women | 2 | $143K | 50.0% (very high risk) |
| The Taco Maker | 2 | $123K | 0.0% (low risk) |
| Chester Fried Chicken | 2 | $195K | 50.0% (very high risk) |
| Lens Corner | 2 | $90K | 0.0% (low risk) |
| Red Mango | 2 | $438K | 50.0% (very high risk) |
| Remax | 1 | $75K | 0.0% (low risk) |
| Partyland (retail Party Goods) | 1 | $100K | 0.0% (low risk) |
| Software City | 1 | $170K | 0.0% (low risk) |
| Minuteman Press | 1 | $50K | 0.0% (low risk) |
Lending volume by year
1'92
2
1
4
7
4'00
8
3
1
3
5'05
3
8
5
6
6'10
1
2
1
3
3'15
1
1
1
3
1'20
4
1'24
FirstBank Puerto Rico charge-off rate by loan vintage
BrandNational avg
Geographic exposure
8826.9% (very high risk)
10.0% (low risk)
Portfolio summary
Total funded$14.8M
Defaults21 of 89
Risk tierCRITICAL
Avg rate6.84%
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 Puerto Rico originated?
- 89 loans totaling $14.8M. The portfolio carries a 26.6% charge-off rate, earning a “CRITICAL” 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 FirstBank Puerto Rico fund the most?
- The “Top franchise exposures” table above lists the brands FirstBank Puerto Rico has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.