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SBA 7(a) franchise lending portfolio
The First National Bank of McGregor d/b/a TFNB Your Bank for
EXCELLENT risk
- Total loans
- 24
- Loan volume
- $10.5M
- Avg loan size
- $439K
- Default rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
7.49%
Franchises funded
20
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Tea2Go | 2 | $297K | — |
| Jet's Pizza | 2 | $303K | 0.0% |
| Hounds Town USA | 2 | $1.2M | — |
| iCode | 2 | $288K | 0.0% |
| Fedex | 1 | $150K | 0.0% |
| Wild Birds Unlimited | 1 | $146K | — |
| Global Green Insurance Agency | 1 | $100K | 0.0% |
| Camp Bow Wow | 1 | $1.4M | — |
| 360 Painting | 1 | $138K | — |
| WaveMAX Laundry | 1 | $112K | — |
| Set the Stage | 1 | $150K | — |
| Fastsigns | 1 | $450K | — |
| Rosati's Pizza | 1 | $89K | — |
| Jeremiah's Italian Ice | 1 | $330K | 0.0% |
| Signal 88 Security | 1 | $25K | 0.0% |
| Mr. Handyman | 1 | $144K | — |
| Tea 2 Go | 1 | $424K | — |
| Pinnacle Montessori Academy | 1 | $4.4M | 0.0% |
| Bar-B-Clean | 1 | $65K | — |
| Signarama | 1 | $327K | 0.0% |
Lending volume by year
1'11
4'17
2'18
1'19
4'20
4'21
3'22
2'23
3'24
Geographic exposure
240.0%
Portfolio summary
Total funded$10.5M
Defaults0 of 24
Risk tierEXCELLENT
Avg rate7.49%
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%).