MB
SBA 7(a) franchise lending portfolio
MidWestOne Bank
CRITICAL risk
- Total loans
- 65
- Loan volume
- $21.0M
- Avg loan size
- $323K
- Charge-off rate
- 22.9%
- vs 15.4% national avg
Defaults
11
Avg interest
6.64%
Franchises funded
50
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Rita's Ice-Custard-Happiness | 3 | $475K | 33.3% (very high risk) |
| Orange Theory Fitness | 3 | $874K | 0.0% (low risk) |
| Minuteman Press | 2 | $168K | 0.0% (low risk) |
| Breadeaux Pizza | 2 | $112K | 0.0% (low risk) |
| Pizza Pit | 2 | $122K | 0.0% (low risk) |
| Pizza Ranch | 2 | $362K | 50.0% (very high risk) |
| Dairy Queen | 2 | $200K | 0.0% (low risk) |
| Petland | 2 | $1.4M | 0.0% (low risk) |
| Maid-Rite Sandwich Shop | 2 | $183K | 0.0% (low risk) |
| Pretzelmaker | 2 | $537K | 0.0% (low risk) |
| Massage Heights | 2 | $780K | 100.0% (very high risk) |
| Ace Hardware | 2 | $1.1M | N/A |
| Restore Hyper Wellness | 2 | $833K | N/A |
| Micro-Play Of America | 1 | $131K | 100.0% (very high risk) |
| Floridino's Pizza & Pasta | 1 | $82K | 0.0% (low risk) |
| Kitchen Wizards | 1 | $100K | 0.0% (low risk) |
| Goodyear Tire | 1 | $170K | 0.0% (low risk) |
| Budget Inn | 1 | $450K | 0.0% (low risk) |
| Quiznos | 1 | $110K | 100.0% (very high risk) |
| Servicemaster | 1 | $64K | 0.0% (low risk) |
Lending volume by year
1'94
3
2
1
2
2'99
1
1
1
1
2'04
2
4
3
1
2'09
2
2
1
1
5'15
3
3
3
2
1'20
2
4
2
5'25
MidWestOne Bank charge-off rate by loan vintage
BrandNational avg
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 MidWestOne Bank originated?
- 65 loans totaling $21.0M. The portfolio carries a 22.9% 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 MidWestOne Bank fund the most?
- The “Top franchise exposures” table above lists the brands MidWestOne 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.