SBA lender profile
Choice Financial Group
Choice Financial Group appears in the public SBA loan data with 242 funded 7(a) loans totaling $130.5M, an average of $539K per loan, and an estimated 4,532 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
242
Total volume
$130.5M
Average loan size
$539K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
4,532
Programs
7(a)
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 | 197 | $110.5M |
| North Dakota | 35 | $13.1M |
| Arizona | 4 | $4.7M |
| South Dakota | 2 | $1.1M |
| Wisconsin | 3 | $774K |
| Colorado | 1 | $194K |
What Choice Financial Group funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 46 | $24.7M |
| Construction | 20 | $20.0M |
| Accommodation and Food Services | 26 | $14.1M |
| Wholesale Trade | 21 | $10.2M |
| Other Services | 21 | $9.3M |
| Administrative and Support | 13 | $8.1M |
Choice Financial Group SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Choice Financial Group's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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