TF
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
- Charge-off 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% (low risk) |
| Sonic | 1 | $309K | 0.0% (low risk) |
| Ace Hardware | 1 | $215K | 100.0% (very high risk) |
| 1-800-Radiator | 1 | $200K | 0.0% (low risk) |
| Curves For Women | 1 | $50K | 0.0% (low risk) |
| Glass Doctor | 1 | $82K | 0.0% (low risk) |
| 9round | 1 | $40K | 0.0% (low risk) |
| Montana Mike's Steakhouse | 1 | $1.4M | N/A |
| Subway Sandwich Shop | 1 | $200K | 0.0% (low risk) |
| 9Round | 1 | $78K | 0.0% (low risk) |
| Firehouse Subs | 1 | $225K | 0.0% (low risk) |
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
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 The First National Bank of Fort Smith originated?
- 12 loans totaling $3.0M. The portfolio carries a 9.1% charge-off rate, earning a “GOOD” 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 The First National Bank of Fort Smith fund the most?
- The “Top franchise exposures” table above lists the brands The First National Bank of Fort Smith has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.