How many SBA loans go to restaurants & hotels businesses in North Dakota?

429 SBA loans totalling $289,455,900 have been approved for accommodation and food services projects in North Dakota since FY2010.

Which lenders finance restaurants & hotels in North Dakota?

The most active by dollars approved are Dakota Business Lending, Lake Agassiz Certified Development Company, Lewis & Clark Certified Development Company, Commonwealth Business Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.

What is a typical loan size for restaurants & hotels in North Dakota?

The median approval is $257,000, 14% below the national median for this sector ($300,000).

North Dakota · Restaurants & Hotels

SBA loans for restaurants & hotels in North Dakota

429 loans worth $289.5M approved since FY2010 for accommodation and food services projects located in North Dakota.

Loans

429

Approved

$289.5M

Median loan

$257,000

-14% vs sector nationally

Median rate

6.00%

Jobs supported

7,679

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.

Lenders

Who lends to restaurants & hotels in North Dakota

Lender	Loans	Approved
Dakota Business Lending	102	$81.6M
Lake Agassiz Certified Development Company	23	$22.1M
Lewis & Clark Certified Development Company	19	$19.3M
Commonwealth Business Bank	4	$10.2M
Old National Bank	23	$9.8M
Readycap Lending, LLC	3	$9.2M
Midwest Business Finance Corporation	9	$8.3M
Ally Dakota Development, Inc.	2	$7.6M

Detail

Which industries inside the sector

Industry	Loans	Share
Full-Service Restaurants	103
Hotels (except Casino Hotels) and Motels	95
Limited-Service Restaurants	86
Drinking Places	54
Snack and Nonalcoholic Beverage Bars	33
Full-Service Restaurants	30
Limited-Service Restaurants	10
Caterers	5

All SBA lending in North Dakota

3,635 loans across every sector.

Restaurants & Hotels nationally

137,471 loans across all states.

How SBA 7(a) works

Eligibility, caps, fees, and the timeline.

Common questions

How many SBA loans go to restaurants & hotels businesses in North Dakota?: 429 SBA loans totalling $289,455,900 have been approved for accommodation and food services projects in North Dakota since FY2010.
Which lenders finance restaurants & hotels in North Dakota?: The most active by dollars approved are Dakota Business Lending, Lake Agassiz Certified Development Company, Lewis & Clark Certified Development Company, Commonwealth Business Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
What is a typical loan size for restaurants & hotels in North Dakota?: The median approval is $257,000, 14% below the national median for this sector ($300,000).

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