First Western Bank & Trust
Headquartered in MINOT, ND. Analysis based on 138 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $38.2M.
Total 7(a) loans
138
Total approved
$38.2M
Average loan
$277K
States funded in
3
Charge-off rate
0.89%
FY2020–FY2023 cohort
Paid-in-full rate
39.29%
Average rate
6.12%
Average term
75 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 561730 | Landscaping Services | 9 |
| 812112 | Beauty Salons | 9 |
| 531390 | Other Activities Related to Real Estate | 6 |
| 541110 | Offices of Lawyers | 6 |
| 722513 | Limited-Service Restaurants | 5 |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 5 |
| 713940 | Fitness and Recreational Sports Centers | 4 |
| 722511 | Full-Service Restaurants | 4 |
| 315990 | Apparel Accessories and Other Apparel Manufacturing | 3 |
| 621310 | Offices of Chiropractors | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 74 |
| ND | 63 |
| WI | 1 |
Top franchise brands financed
14 franchise loans across 10 distinct brands.
| Franchise | Loans |
|---|---|
| Servpro | 5 |
| 101 Mobility | 1 |
| A&W | 1 |
| Blaze Pizza | 1 |
| Ace Hardware | 1 |
| Nautical Bowls | 1 |
| Anytime Fitness | 1 |
| Pure Barre | 1 |
| CycleBar | 1 |
| Little Caesars | 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.