FD
SBA 7(a) franchise lending portfolio
First Dakota National Bank
CRITICAL risk
- Total loans
- 17
- Loan volume
- $3.0M
- Avg loan size
- $174K
- Charge-off rate
- 20.0%
- vs 15.4% national avg
Defaults
3
Avg interest
6.83%
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Servicemaster | 2 | $385K | 0.0% (low risk) |
| Curves For Women | 2 | $65K | 0.0% (low risk) |
| See The Trainer | 2 | $143K | 0.0% (low risk) |
| Coast-To-Coast Store | 1 | $123K | 0.0% (low risk) |
| Super 8 Motel | 1 | $270K | 0.0% (low risk) |
| Taco John's | 1 | $120K | 0.0% (low risk) |
| Ben Franklin Store | 1 | $340K | 100.0% (very high risk) |
| Go Fer Foods | 1 | $65K | 0.0% (low risk) |
| Radio Shack | 1 | $76K | 100.0% (very high risk) |
| Quiznos | 1 | $150K | 100.0% (very high risk) |
| Sky Zone Sports | 1 | $182K | 0.0% (low risk) |
| Metal Supermarkets | 1 | $200K | 0.0% (low risk) |
| The UPS Store (f/k/a Mail Box | 1 | $248K | N/A |
| Cold Stone Creamery | 1 | $600K | N/A |
Lending volume by year
1'93
1'94
2'95
2'97
1'00
1'02
2'03
1'04
1'12
1'17
2'18
1'24
1'25
Geographic exposure
1621.4% (very high risk)
10.0% (low risk)
Portfolio summary
Total funded$3.0M
Defaults3 of 17
Risk tierCRITICAL
Avg rate6.83%
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 First Dakota National Bank originated?
- 17 loans totaling $3.0M. The portfolio carries a 20.0% charge-off rate, earning a “CRITICAL” 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 First Dakota National Bank fund the most?
- The “Top franchise exposures” table above lists the brands First Dakota National 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.