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SBA 7(a) franchise lending portfolio
The First National Bank of Fort Smith
GOOD risk
- Total loans
- 12
- Loan volume
- $3.0M
- Avg loan size
- $252K
- Default rate
- 9.1%
- vs 15.4% national avg
Defaults
1
Avg interest
6.65%
Franchises funded
11
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Simple Simon's Pizza | 2 | $225K | 0.0% |
| Sonic | 1 | $309K | 0.0% |
| Ace Hardware | 1 | $215K | 100.0% |
| 1-800-Radiator | 1 | $200K | 0.0% |
| Curves For Women | 1 | $50K | 0.0% |
| Glass Doctor | 1 | $82K | 0.0% |
| 9round | 1 | $40K | 0.0% |
| Montana Mike's Steakhouse | 1 | $1.4M | — |
| Subway Sandwich Shop | 1 | $200K | 0.0% |
| 9Round | 1 | $78K | 0.0% |
| Firehouse Subs | 1 | $225K | 0.0% |
Lending volume by year
1'92
1'95
2'98
1'04
1'07
1'08
1'10
1'12
2'15
1'19
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).