First Bank & Trust
Headquartered in BROOKINGS, SD. Analysis based on 183 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $139.7M.
Total 7(a) loans
183
Total approved
$139.7M
Average loan
$763K
States funded in
5
Charge-off rate
1.39%
FY2020–FY2023 cohort
Paid-in-full rate
15.28%
Average rate
8.68%
Average term
174 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 8 |
| 713940 | Fitness and Recreational Sports Centers | 8 |
| 812310 | Coin-Operated Laundries and Drycleaners | 7 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 7 |
| 621610 | Home Health Care Services | 6 |
| 812990 | All Other Personal Services | 6 |
| 722511 | Full-Service Restaurants | 6 |
| 811111 | General Automotive Repair | 5 |
| 221310 | Water Supply and Irrigation Systems | 3 |
| 238350 | Finish Carpentry Contractors | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 104 |
| SD | 65 |
| IA | 6 |
| NE | 5 |
| WI | 3 |
Top franchise brands financed
16 franchise loans across 10 distinct brands.
| Franchise | Loans |
|---|---|
| Culligan | 3 |
| Ziggi's Coffee | 3 |
| Tropical Smoothie Cafe | 2 |
| Mr. Handyman | 2 |
| Scooter's Coffee | 1 |
| The UPS Store (f/k/a Mail Box | 1 |
| IV Nutrition | 1 |
| Subway | 1 |
| Floor Coverings International | 1 |
| Ace Hardware | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.