{"ok":true,"canonical_url":"https://dealroom.so/franchises/first-watch","api_url":"https://dealroom.so/api/public/franchises/first-watch","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"methodology":{"label":"Franchise financing & failure-rate methodology","url":"https://dealroom.so/methodology/franchise-risk"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"franchise":{"brand":"First Watch","slug":"first-watch","url":"https://dealroom.so/franchises/first-watch","sbaLoansSince2020":2,"businessPurchases":0,"typicalDeal":1017000,"dealRange25th75th":[1000000,1017000],"avgRatePct":6.13,"failureRatePct":null,"failureRateNote":"too few loans to score","loansSinceFY2025":0,"topLenders":[{"name":"Meridian Bank","count":1,"url":"https://dealroom.so/lenders/meridian-bank"},{"name":"Florida Capital Bank, National Association","count":1,"url":null}],"topStates":[{"count":1,"state":"GA"},{"count":1,"state":"FL"}],"recentDeals":[{"borrower":"RAS Concepts IV, LLC","city":"Augusta","state":"GA","amount":1017000,"fiscalYear":2021,"businessPurchase":false,"lender":"Meridian Bank"},{"borrower":"Ramsey 04, LLC","city":"Santa Rosa Beach","state":"FL","amount":1000000,"fiscalYear":2020,"businessPurchase":false,"lender":"Florida Capital Bank, National Association"}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom franchise financing record","url":"https://dealroom.so/franchises/first-watch","source_type":"DealRoom Data"}}