FP
SBA 7(a) franchise lending portfolio
FirstBank Puerto Rico
Risk rating: High Risk
- Total loans
- 89
- Loan volume
- $14.8M
- Avg loan size
- $167K
- Charge-off rate
- 26.6%
- vs 16.0% national
Charged off
21
Avg interest
6.84%
Franchises funded
43
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Subway Sandwich Shop | 16 | $2.8M | 12.5% (average) |
| Taco Maker | 5 | $766K | N/A |
| Marco's Pizza | 5 | $2.0M | N/A |
| Blimpie | 4 | $508K | N/A |
| Martin's Bbq | 4 | $1.1M | N/A |
| Post Net | 4 | $305K | N/A |
| Cold Stone Creamery, Inc. | 3 | $809K | N/A |
| The UPS Store | 3 | $55K | N/A |
| Carvel Ice Cream | 3 | $223K | N/A |
| ImageFIRST Healthcare Laundry | 3 | $695K | N/A |
| Snap-On-Tools | 2 | $70K | N/A |
| Curves For Women | 2 | $143K | N/A |
| The Taco Maker | 2 | $123K | N/A |
| Chester Fried Chicken | 2 | $195K | N/A |
| Lens Corner | 2 | $90K | N/A |
| Red Mango | 2 | $438K | N/A |
| Remax | 1 | $75K | N/A |
| Partyland (retail Party Goods) | 1 | $100K | N/A |
| Software City | 1 | $170K | N/A |
| Minuteman Press | 1 | $50K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 2 |
| FY1995 | 1 |
| FY1996 | 4 |
| FY1999 | 7 |
| FY2000 | 4 |
| FY2001 | 8 |
| FY2002 | 3 |
| FY2003 | 1 |
| FY2004 | 3 |
| FY2005 | 5 |
| FY2006 | 3 |
| FY2007 | 8 |
| FY2008 | 5 |
| FY2009 | 6 |
| FY2010 | 6 |
| FY2011 | 1 |
| FY2012 | 2 |
| FY2013 | 1 |
| FY2014 | 3 |
| FY2015 | 3 |
| FY2016 | 1 |
| FY2017 | 1 |
| FY2018 | 1 |
| FY2019 | 3 |
| FY2020 | 1 |
| FY2021 | 4 |
| FY2024 | 1 |
SBA 7(a) · charge-off rate by approval year
FirstBank Puerto Rico charge-off rate by loan vintage
None of these 14 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 |
|---|---|---|---|
| 1996 | 4 | 0 | Too few |
| 1999 | 7 | 1 | Too few |
| 2000 | 4 | 1 | Too few |
| 2001 | 8 | 2 | Too few |
| 2002 | 3 | 1 | Too few |
| 2004 | 3 | 2 | Too few |
| 2005 | 5 | 1 | Too few |
| 2006 | 3 | 1 | Too few |
| 2007 | 8 | 5 | Too few |
| 2008 | 5 | 1 | Too few |
| 2009 | 6 | 1 | Too few |
| 2010 | 5 | 1 | Too few |
| 2014 | 3 | 2 | Too few |
| 2015 | 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.
Geographic exposure
8826.9% (high risk)
VI
1N/A
Portfolio summary
Total funded$14.8M
Charged off21 of 89
Risk tierHigh Risk
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 “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. FirstBank Puerto Rico's rate of 26.6% 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 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.