786 SBA loans worth $459.9M went to North Dakota businesses between October 2021 and June 2026, from 87 lenders. U.S. Bank made the most 7(a) loans, 49 or 9% of the state's total, and the ten most active lenders made 55%. The median 7(a) loan was $175,500, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 14% of loans. Annual loan count rose 36% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 49 | $8.3M | $30,000 | 47% | Construction |
| 2 | Bravera Bank Bank · Dickinson, ND | 46 | $4.8M | $50,000 | 41% | Construction |
| 3 | Town and Country CU Credit union · Minot, ND | 34 | $6.9M | $147,500 | 53% | Restaurants and hotels |
| 4 | Old National Bank Bank · Evansville, IN | 33 | $26.0M | $500,000 | 52% | Retail |
| 5 | Choice Financial Group Bank · Fargo, ND | 30 | $10.2M | $292,500 | 53% | Arts, entertainment and recreation |
| 6 | First Western Bank & Trust Bank · Minot, ND | 24 | $6.2M | $161,750 | 50% | Other services (repair, personal care) |
| 7 | Alerus Financial Bank · Grand Forks, ND | 18 | $25.8M | $1,042,100 | 11% | Wholesale trade |
| 8 | Starion Bank Bank · Bismarck, ND | 18 | $2.4M | $107,800 | 78% | Professional and technical services |
| 9 | Aspire Bank Bank · Fargo, ND | 17 | $7.2M | $200,000 | 29% | Retail |
| 10 | Bell Bank Bank · Fargo, ND | 17 | $7.1M | $266,200 | 41% | Other services (repair, personal care) |
| 11 | Northeast Bank Bank · Portland, ME | 16 | $3.1M | $150,000 | 0% | Construction |
| 12 | Capital Credit Union Credit union · Bismarck, ND | 15 | $2.1M | $76,000 | 80% | Construction |
| 13 | Wallis Bank Bank · Wallis, TX | 11 | $8.8M | $713,000 | 0% | Retail |
| 14 | Wells Fargo Bank Bank · Sioux Falls, SD | 11 | $1.3M | $15,000 | 82% | Transportation and warehousing |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 10 | $11.9M | $343,750 | 40% | Restaurants and hotels |
| 16 | Newtek Bank Bank · Miami, FL | 9 | $4.9M | $350,000 | 11% | Administrative and support services |
| 17 | Cornerstone Bank Bank · Fargo, ND | 9 | $4.1M | $275,000 | 33% | Other services (repair, personal care) |
| 18 | Dacotah Bank Bank · Aberdeen, SD | 9 | $3.9M | $182,000 | 78% | Arts, entertainment and recreation |
| 19 | Huntington National Bank Bank · Columbus, OH | 9 | $1.8M | $245,000 | 56% | Administrative and support services |
| 20 | BayFirst National Bank Bank · St. Petersburg, FL | 9 | $1.2M | $150,000 | 0% | Professional and technical services |
| 21 | Union State Bank of Hazen Bank · Hazen, ND | 9 | $742K | $80,000 | 56% | Retail |
| 22 | Security First Bank of North Dakota Bank · New Salem, ND | 7 | $1.1M | $60,000 | 29% | Health care and social assistance |
| 23 | First International Bank and Trust Bank · Watford City, ND | 5 | $7.7M | $1,000,000 | 60% | Professional and technical services |
| 24 | North Star Community Credit Union Credit union · Maddock, ND | 5 | $241K | $50,000 | 0% | Construction |
| 25 | Commonwealth Business Bank Bank · Los Angeles, CA | 4 | $10.2M | $2,900,500 | 0% | Restaurants and hotels |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Dakota Business Lending Fargo, ND | 134 | $95.5M | $422,000 |
| 2 | Lake Agassiz Certified Development Fargo, ND | 48 | $39.8M | $552,500 |
| 3 | Lewis & Clark Certified Development Mandan, ND | 45 | $31.2M | $599,000 |
| 4 | Midwest Business Finance St. Cloud, MN | 33 | $31.4M | $534,000 |
| 5 | Dakota Business Finance Sioux Falls, SD | 1 | $2.4M | $2,374,000 |
| 6 | Central Minnesota Development Andover, MN | 1 | $145K | $145,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 111 | $500,000 | Dakota Business Lending | |
| Construction | 101 | $150,000 | U.S. Bank | |
| Retail | 98 | $250,000 | Dakota Business Lending | |
| Other services (repair, personal care) | 91 | $266,000 | Dakota Business Lending | |
| Health care and social assistance | 75 | $260,000 | Dakota Business Lending | |
| Professional and technical services | 65 | $225,000 | Dakota Business Lending | |
| Manufacturing | 47 | $500,000 | Dakota Business Lending | |
| Administrative and support services | 41 | $140,300 | Bravera Bank | |
| Arts, entertainment and recreation | 35 | $355,000 | Choice Financial Group | |
| Transportation and warehousing | 29 | $250,000 | Wells Fargo Bank | |
| Mining and oil and gas | 21 | $457,000 | Dakota Business Lending | |
| Real estate and rental | 18 | $189,000 | U.S. Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Fargo | 268 | $135.2M | $250,000 | Bravera Bank |
| Bismarck | 87 | $78.5M | $491,000 | Dakota Business Lending |
| Minot | 54 | $23.6M | $211,500 | Dakota Business Lending |
| West Fargo | 53 | $27.8M | $167,000 | Dakota Business Lending |
| Williston | 51 | $32.0M | $297,000 | Lewis & Clark Certified Development |
| Grand Forks | 41 | $30.0M | $460,000 | Old National Bank |
| Dickinson | 34 | $16.1M | $259,000 | Dakota Business Lending |
| Mandan | 18 | $8.7M | $207,500 | Capital Credit Union |
| Jamestown | 14 | $18.1M | $1,041,000 | Midwest Business Finance |
| Horace | 14 | $10.3M | $494,050 | Dakota Business Lending |
7 North Dakota cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.