![First Dakota National Bank logo](https://cdn.brandfetch.io/firstdakotanationalbank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
First Dakota National Bank
CRITICAL risk
- Total loans
- 17
- Loan volume
- $3.0M
- Avg loan size
- $174K
- Default 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% |
| Curves For Women | 2 | $65K | 0.0% |
| See The Trainer | 2 | $143K | 0.0% |
| Coast-To-Coast Store | 1 | $123K | 0.0% |
| Super 8 Motel | 1 | $270K | 0.0% |
| Taco John's | 1 | $120K | 0.0% |
| Ben Franklin Store | 1 | $340K | 100.0% |
| Go Fer Foods | 1 | $65K | 0.0% |
| Radio Shack | 1 | $76K | 100.0% |
| Quiznos | 1 | $150K | 100.0% |
| Sky Zone Sports | 1 | $182K | 0.0% |
| Metal Supermarkets | 1 | $200K | 0.0% |
| The UPS Store (f/k/a Mail Box | 1 | $248K | — |
| Cold Stone Creamery | 1 | $600K | — |
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%
10.0%
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
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%).