The First National Bank in Sioux Falls
Headquartered in Sioux Falls, SD. Analysis based on 117 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $32.9M.
Total 7(a) loans
117
Total approved
$32.9M
Average loan
$281K
States funded in
4
Charge-off rate
3.17%
FY2020–FY2023 cohort
Paid-in-full rate
49.21%
Average rate
6.65%
Average term
90 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 9 |
| 238110 | Poured Concrete Foundation and Structure Contractors | 8 |
| 722513 | Limited-Service Restaurants | 8 |
| 812990 | All Other Personal Services | 5 |
| 722511 | Full-Service Restaurants | 3 |
| 484110 | General Freight Trucking, Local | 3 |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 3 |
| 812112 | Beauty Salons | 3 |
| 713990 | All Other Amusement and Recreation Industries | 3 |
Top 10 states
| State | Loans |
|---|---|
| SD | 110 |
| MN | 5 |
| NE | 1 |
| IA | 1 |
Top franchise brands financed
23 franchise loans across 19 distinct brands.
| Franchise | Loans |
|---|---|
| Wingstop | 3 |
| Pizza Ranch | 2 |
| Scooter's Coffee | 2 |
| OsteoStrong | 1 |
| The Human Bean | 1 |
| Subway | 1 |
| We Rock The Spectrum Kid's Gym | 1 |
| Los Campeones Gym | 1 |
| Crisp & Green | 1 |
| Cinnabon | 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.