Bank First, N.A.
Headquartered in Manitowoc, WI. Analysis based on 295 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $155.0M.
Total 7(a) loans
295
Total approved
$155.0M
Average loan
$525K
States funded in
3
Charge-off rate
0.46%
FY2020–FY2023 cohort
Paid-in-full rate
27.52%
Average rate
6.06%
Average term
147 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 14 |
| 722511 | Full-Service Restaurants | 11 |
| 238210 | Electrical Contractors | 10 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 10 |
| 811111 | General Automotive Repair | 10 |
| 812210 | Funeral Homes and Funeral Services | 8 |
| 541990 | All Other Professional, Scientific, and Technical Services | 6 |
| 484110 | General Freight Trucking, Local | 6 |
| 236118 | Residential Remodelers | 6 |
| 621310 | Offices of Chiropractors | 6 |
Top 10 states
| State | Loans |
|---|---|
| WI | 291 |
| IL | 3 |
| MN | 1 |
Top franchise brands financed
30 franchise loans across 15 distinct brands.
| Franchise | Loans |
|---|---|
| Culver's ButterBurgers & Froze | 6 |
| Window World | 4 |
| Brain Balance | 3 |
| Pirtek | 2 |
| Fish Window Cleaning Services | 2 |
| Breadsmith | 2 |
| Jersey Mike's | 2 |
| Servpro | 2 |
| Weichert Realtors | 1 |
| CertaPro Painters | 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.