TF
SBA 7(a) franchise lending portfolio
The First National Bank in Sioux Falls
GOOD risk
- Total loans
- 39
- Loan volume
- $12.5M
- Avg loan size
- $319K
- Charge-off rate
- 8.3%
- vs 15.4% national avg
Defaults
2
Avg interest
6.43%
Franchises funded
27
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 4 | $325K | 0.0% (low risk) |
| Pizza Ranch | 3 | $300K | 0.0% (low risk) |
| Pizza Ranch | 3 | $978K | 0.0% (low risk) |
| Scooter's Coffee | 3 | $1.2M | 0.0% (low risk) |
| Wingstop | 3 | $2.0M | N/A |
| Scooter's Coffeehouse | 2 | $609K | 0.0% (low risk) |
| Big O Tires | 1 | $165K | 0.0% (low risk) |
| Coast-To-Coast Store | 1 | $95K | 0.0% (low risk) |
| Batteries Plus | 1 | $275K | 0.0% (low risk) |
| Servicemaster | 1 | $332K | 0.0% (low risk) |
| Papa Murphy's | 1 | $360K | 0.0% (low risk) |
| Pods | 1 | $767K | 0.0% (low risk) |
| Auntie Anne's | 1 | $534K | 0.0% (low risk) |
| Schlotzsky's | 1 | $600K | 100.0% (very high risk) |
| NAPA Auto Parts | 1 | $350K | 0.0% (low risk) |
| Subway | 1 | $648K | N/A |
| OsteoStrong | 1 | $300K | N/A |
| We Rock The Spectrum Kid's Gym | 1 | $230K | N/A |
| Los Campeones Gym | 1 | $469K | N/A |
| Cinnabon | 1 | $175K | 0.0% (low risk) |
Lending volume by year
2'93
4'94
2'95
1'96
1'02
1'03
1'11
1'14
1'15
3'17
1'18
2'19
2'20
4'21
1'22
2'23
4'24
6'25
The First National Bank in Sioux Falls charge-off rate by loan vintage
BrandNational avg
Geographic exposure
3310.0% (elevated risk)
30.0% (low risk)
1N/A
10.0% (low risk)
10.0% (low risk)
Portfolio summary
Total funded$12.5M
Defaults2 of 39
Risk tierGOOD
Avg rate6.43%
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 in Sioux Falls originated?
- 39 loans totaling $12.5M. The portfolio carries a 8.3% 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 in Sioux Falls fund the most?
- The “Top franchise exposures” table above lists the brands The First National Bank in Sioux Falls has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.