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SBA data · North Dakota
SBA lenders in North Dakota
3,635 loans worth $1.48B have been approved for North Dakota projects since FY2010 - the #44 state by SBA dollars, 0.3% of the national total.
State rank
#44
by dollars approved
Approved
$1.48B
FY2010 onward
Loans
3,635
Median loan
$170,000
-6% vs national
Median 7(a) rate
6.00%
Jobs supported
36,491
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in North Dakota
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in ND | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Dakota Business Lending | $379.8M | 577 | $658,237 | |
| 2 | Lake Agassiz Certified Development Company | $123.8M | 164 | $754,634 | |
| 3 | Lewis & Clark Certified Development Company | $95.1M | 138 | $689,087 | |
| 4 | Old National Bank | $78.4M | 207 | $378,866 | |
| 5 | Midwest Business Finance Corporation | $43.9M | 53 | $828,698 | |
| 6 | Wells Fargo Bank | $42.6M | 103 | $413,456 | |
| 7 | Alerus Financial | $39.5M | 63 | $626,451 | |
| 8 | First Western Bank & Trust | $36.9M | 153 | $241,248 | |
| 9 | Bravera Bank | $36.4M | 274 | $132,838 | |
| 10 | Choice Financial Group | $36.3M | 148 | $245,054 | |
| 11 | U.S. Bank | $31.6M | 204 | $154,708 | |
| 12 | Capital Credit Union | $28.1M | 210 | $133,668 |
An SBA 7(a) lender for loans this size
70% of the SBA loans approved in North Dakota since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
By sector in North Dakota
- Restaurants & Hotels429 · $289.5M
- Retail315 · $148.3M
- Construction540 · $138.9M
- Health Care317 · $119.3M
- Other Services344 · $117.5M
- Agriculture127 · $71.7M
- Professional Services251 · $64.0M
- Wholesale111 · $58.6M
- Transportation192 · $49.9M
- Arts & Recreation106 · $48.4M
- Mining & Energy89 · $43.6M
- Administrative & Waste184 · $42.0M
- Real Estate85 · $39.1M
- Manufacturing71 · $35.7M
- Finance & Insurance43 · $16.3M
- Education22 · $6.6M
- Information22 · $4.1M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in North Dakota. The final bar is a partial fiscal year.
Loan sizes in North Dakota
- Under $50K17%
- $50K - $150K27%
- $150K - $350K26%
- $350K - $1M20%
- $1M - $2M7%
- Over $2M4%
SBA lending in North Dakota: common questions
- How many SBA loans are approved in North Dakota?
- 3,635 SBA 7(a) and 504 loans totalling $1,483,732,000 have been approved for projects in North Dakota since fiscal year 2010, ranking it #44 among states and territories by dollars approved - 0.3% of all SBA lending nationally.
- Which lenders make the most SBA loans in North Dakota?
- By dollars approved in North Dakota, the most active lenders are Dakota Business Lending, Lake Agassiz Certified Development Company, Lewis & Clark Certified Development Company, Old National Bank, Midwest Business Finance Corporation. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in North Dakota?
- The median gross approval in North Dakota is $170,000, 6% below the national median of $180,000. Half of all loans in the state fall between $25,000 and $1,000,000.
- Do I need to use a lender based in North Dakota?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in North Dakota, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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