SBA 7(a) loans in North Dakota
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
305loans approved
$175,000median loan
$60K–$523Kmiddle half of loans
$187.2Mtotal approved
9%median initial rate
10 yrsmedian term
The median North Dakota loan is 0% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Hotels (except Casino Hotels) and Motels (721110) | 20 | $2,742,500 |
| Beauty Salons (812112) | 11 | $100,000 |
| Limited-Service Restaurants (722513) | 11 | $150,000 |
Most active lenders in North Dakota
| Lender | Loans | Median | Total |
|---|---|---|---|
| U.S. Bank, National Association | 31 | $42,200 | $8.3M |
| Town and Country Cu | 26 | $150,000 | $5.5M |
| Bravera Bank | 19 | $50,000 | $1.9M |
| Choice Financial Group | 14 | $387,500 | $8.1M |
| Old National Bank | 14 | $523,200 | $12.7M |
| Bell Bank | 12 | $233,100 | $4.0M |
| First Western Bank & Trust | 11 | $265,000 | $4.0M |
| Alerus Financial, National Association | 11 | $1,160,000 | $16.4M |
| Northeast Bank | 10 | $150,000 | $1.7M |
SBA 504 loans in North Dakota
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
146504 loans approved
$535,000median CDC portion
$112.9Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in North Dakota
| Lender | Loans | Median | Total |
|---|---|---|---|
| Dakota Business Lending | 73 | $378,000 | $53.1M |
| Lake Agassiz Certified Development Company | 29 | $564,000 | $21.4M |
| Lewis & Clark Certified Development Company | 26 | $613,000 | $17.2M |
| Midwest Business Finance Corporation | 17 | $963,000 | $21.0M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.