North Dakota · Construction
SBA loans for construction in North Dakota
540 loans worth $138.9M approved since FY2010 for construction projects located in North Dakota.
Loans
540
Approved
$138.9M
Median loan
$123,500
+24% vs sector nationally
Median rate
6.00%
Jobs supported
4,374
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 construction in North Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Lending | 61 | $32.5M | |
| Old National Bank | 41 | $10.8M | |
| Alerus Financial | 11 | $10.4M | |
| Lake Agassiz Certified Development Company | 18 | $8.2M | |
| Bravera Bank | 59 | $7.8M | |
| Choice Financial Group | 23 | $7.2M | |
| Lewis & Clark Certified Development Company | 15 | $4.7M | |
| Starion Bank | 34 | $4.3M |
Detail
Which industries inside the sector
All SBA lending in North Dakota
3,635 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in North Dakota?
- 540 SBA loans totalling $138,884,300 have been approved for construction projects in North Dakota since FY2010.
- Which lenders finance construction in North Dakota?
- The most active by dollars approved are Dakota Business Lending, Old National Bank, Alerus Financial, Lake Agassiz Certified Development Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in North Dakota?
- The median approval is $123,500, 24% above the national median for this sector ($100,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.