SBA lender profile
Alerus Financial, National Association
Alerus Financial, National Association appears in the public SBA loan data with 554 funded 7(a) loans since FY2010, totaling $465.5M, an average of $840K per loan, and an estimated 9,797 jobs supported. Its SBA lending concentrates in Arizona and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 3.8%. 50.4% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 68
- Scale 86
- Activity 86
- Consistency 88
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Alerus Financial, National Association the right lender for you?
Lenders fund what they know. Alerus Financial, National Association's SBA lending concentrates in Arizona (258 loans) and Accommodation and Food Services (78 loans), at an average loan of $840K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $5.3B
- Headquarters
- Grand Forks, ND
- FDIC cert
- #3931
- Status
- Active
Where Alerus Financial, National Association lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Arizona | 258 | $236.0M |
| Minnesota | 192 | $140.8M |
| North Dakota | 59 | $38.6M |
| Wisconsin | 18 | $18.3M |
| California | 5 | $8.5M |
| Utah | 6 | $6.5M |
Metro areas where Alerus Financial, National Association funds
What Alerus Financial, National Association funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 78 | $89.9M |
| Retail Trade | 84 | $53.9M |
| Health Care and Social Assistance | 75 | $47.2M |
| Wholesale Trade | 31 | $40.1M |
| Other Services | 53 | $38.3M |
| Manufacturing | 38 | $37.2M |
Alerus Financial, National Association SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 34 | $15.8M |
| 2011 | 51 | $42.5M |
| 2012 | 51 | $51.7M |
| 2013 | 50 | $24.4M |
| 2014 | 34 | $34.9M |
| 2015 | 27 | $32.9M |
| 2016 | 30 | $24.7M |
| 2017 | 24 | $24.8M |
| 2018 | 18 | $11.9M |
| 2019 | 14 | $10.9M |
| 2020 | 23 | $11.6M |
| 2021 | 59 | $50.8M |
| 2022 | 34 | $32.9M |
| 2023 | 32 | $25.0M |
| 2024 | 29 | $26.5M |
| 2025 | 33 | $35.9M |
| 2026 | 11 | $8.4M |
Related SBA lenders
Other lenders active in Arizona or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
Alerus Financial, National Association: frequently asked questions
Does Alerus Financial, National Association offer SBA loans?
Yes. Alerus Financial, National Association appears in the public SBA data with 554 funded SBA 7(a) loans totaling $465.5M.
How many SBA loans has Alerus Financial, National Association made?
Alerus Financial, National Association is associated with 554 SBA 7(a) loans totaling $465.5M in the public SBA data (as of 2026-03-31).
What is Alerus Financial, National Association's SBA charge-off rate?
About 3.8% of Alerus Financial, National Association's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Alerus Financial, National Association do most of its SBA lending?
Alerus Financial, National Association's SBA lending in the data is most concentrated in Arizona, and by industry in Accommodation and Food Services.
Is Alerus Financial, National Association an SBA Preferred Lender (PLP)?
The loan record shows Alerus Financial, National Association operating under PLP delegated authority: 279 of its 7(a) loans (50.4%) were processed through the Preferred Lenders Program, including 56 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Alerus Financial, National Association SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/alerus-financial-national-association/
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