SBA lender profile
Choice Financial Group
Choice Financial Group appears in the public SBA loan data with 843 funded 7(a) loans since FY2010, totaling $390.6M, an average of $463K per loan, and an estimated 14,020 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 0.7%. 44.0% 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 91
- Scale 88
- Activity 82
- Consistency 91
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Choice Financial Group the right lender for you?
Lenders fund what they know. Choice Financial Group's SBA lending concentrates in Minnesota (670 loans) and Wholesale Trade (72 loans), at an average loan of $463K. 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
- $6.1B
- Headquarters
- Fargo, ND
- FDIC cert
- #9423
- Status
- Active
Where Choice Financial Group lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 670 | $331.3M |
| North Dakota | 149 | $36.5M |
| Wisconsin | 7 | $6.5M |
| Arizona | 5 | $5.2M |
| California | 3 | $3.5M |
| Colorado | 2 | $2.7M |
Metro areas where Choice Financial Group funds
What Choice Financial Group funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 72 | $58.7M |
| Manufacturing | 113 | $57.1M |
| Accommodation and Food Services | 100 | $47.2M |
| Construction | 94 | $46.4M |
| Professional and Technical Services | 109 | $40.1M |
| Retail Trade | 80 | $21.5M |
Choice Financial Group SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 59 | $16.4M |
| 2011 | 73 | $32.8M |
| 2012 | 39 | $14.5M |
| 2013 | 50 | $23.2M |
| 2014 | 52 | $32.5M |
| 2015 | 80 | $40.2M |
| 2016 | 66 | $19.6M |
| 2017 | 64 | $24.2M |
| 2018 | 66 | $31.6M |
| 2019 | 52 | $25.0M |
| 2020 | 31 | $26.2M |
| 2021 | 34 | $22.9M |
| 2022 | 40 | $20.1M |
| 2023 | 48 | $22.0M |
| 2024 | 53 | $21.6M |
| 2025 | 28 | $14.6M |
| 2026 | 8 | $3.1M |
Related SBA lenders
Other lenders active in Minnesota or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Choice Financial Group: frequently asked questions
Does Choice Financial Group offer SBA loans?
Yes. Choice Financial Group appears in the public SBA data with 843 funded SBA 7(a) loans totaling $390.6M.
How many SBA loans has Choice Financial Group made?
Choice Financial Group is associated with 843 SBA 7(a) loans totaling $390.6M in the public SBA data (as of 2026-03-31).
What is Choice Financial Group's SBA charge-off rate?
About 0.7% of Choice Financial Group'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 Choice Financial Group do most of its SBA lending?
Choice Financial Group's SBA lending in the data is most concentrated in Minnesota, and by industry in Wholesale Trade.
Is Choice Financial Group an SBA Preferred Lender (PLP)?
The loan record shows Choice Financial Group operating under PLP delegated authority: 371 of its 7(a) loans (44.0%) 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). Choice Financial Group SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/choice-financial-group/
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