MB
SBA 7(a) franchise lending portfolio
MidWestOne Bank
Risk rating: High Risk
- Total loans
- 65
- Loan volume
- $21.0M
- Avg loan size
- $323K
- Charge-off rate
- 22.9%
- vs 16.0% national
Charged off
11
Avg interest
6.64%
Franchises funded
50
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Rita's Ice-Custard-Happiness | 3 | $475K | N/A |
| Orange Theory Fitness | 3 | $874K | N/A |
| Minuteman Press | 2 | $168K | N/A |
| Breadeaux Pizza | 2 | $112K | N/A |
| Pizza Pit | 2 | $122K | N/A |
| Pizza Ranch | 2 | $362K | N/A |
| Dairy Queen | 2 | $200K | N/A |
| Petland | 2 | $1.4M | N/A |
| Maid-Rite Sandwich Shop | 2 | $183K | N/A |
| Pretzelmaker | 2 | $537K | N/A |
| Massage Heights | 2 | $780K | N/A |
| Ace Hardware | 2 | $1.1M | N/A |
| Restore Hyper Wellness | 2 | $833K | N/A |
| Micro-Play Of America | 1 | $131K | N/A |
| Floridino's Pizza & Pasta | 1 | $82K | N/A |
| Kitchen Wizards | 1 | $100K | N/A |
| Goodyear Tire | 1 | $170K | N/A |
| Budget Inn | 1 | $450K | N/A |
| Quiznos | 1 | $110K | N/A |
| Servicemaster | 1 | $64K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1994 | 1 |
| FY1995 | 3 |
| FY1996 | 2 |
| FY1997 | 1 |
| FY1998 | 2 |
| FY1999 | 2 |
| FY2000 | 1 |
| FY2001 | 1 |
| FY2002 | 1 |
| FY2003 | 1 |
| FY2004 | 2 |
| FY2005 | 2 |
| FY2006 | 4 |
| FY2007 | 3 |
| FY2008 | 1 |
| FY2009 | 2 |
| FY2010 | 2 |
| FY2011 | 2 |
| FY2013 | 1 |
| FY2014 | 1 |
| FY2015 | 5 |
| FY2016 | 3 |
| FY2017 | 3 |
| FY2018 | 3 |
| FY2019 | 2 |
| FY2020 | 1 |
| FY2021 | 2 |
| FY2022 | 4 |
| FY2023 | 2 |
| FY2025 | 5 |
SBA 7(a) · charge-off rate by approval year
MidWestOne Bank charge-off rate by loan vintage
None of these 5 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 |
|---|---|---|---|
| 1995 | 3 | 0 | Too few |
| 2006 | 4 | 1 | Too few |
| 2007 | 3 | 2 | Too few |
| 2015 | 5 | 2 | Too few |
| 2016 | 3 | 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 MidWestOne Bank originated?
- 65 loans totaling $21.0M. The portfolio carries a 22.9% 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. MidWestOne Bank's rate of 22.9% 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 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.