SBA lending by metro area
SBA lenders in Fargo, ND
Which lenders fund Fargo-area businesses, how much, and how the market compares with North Dakota: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Fargo area
Ranked by SBA volume funded to businesses located in the Fargo metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Dakota Business Lending | 243 | $168.5M | $693K | not reported |
| 2 | Lake Agassiz Certified Development Company | 107 | $66.2M | $618K | not reported |
| 3 | Midwest Business Finance Corporation | 63 | $42.8M | $680K | not reported |
| 4 | Bravera Bank | 257 | $31.9M | $124K | 2.33% |
| 5 | Bell Bank | 92 | $26.7M | $290K | 2.17% |
| 6 | Old National Bank | 58 | $23.0M | $397K | 1.72% |
| 7 | Aspire Bank | 95 | $21.5M | $226K | 1.05% |
| 8 | Wells Fargo Bank National Association | 42 | $21.5M | $511K | 2.38% |
| 9 | Alerus Financial, National Association | 50 | $17.4M | $349K | 6.00% |
| 10 | First Western Bank & Trust | 74 | $17.1M | $232K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Fargo compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Fargo area | $175K ▲ 3.7% | 24.7% ▼ 0.6 pts |
| North Dakota | $169K | 25.3% |
| United States | $179K | 11.2% |
What gets funded in Fargo
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 140 | $94.1M |
| Construction | 277 | $75.8M |
| Accommodation and Food Services | 134 | $75.3M |
| Health Care and Social Assistance | 175 | $70.4M |
| Retail Trade | 208 | $64.5M |
| Other Services | 169 | $60.9M |
| Professional and Technical Services | 146 | $36.7M |
| Transportation and Warehousing | 95 | $29.8M |
SBA lending in Fargo by year
Geography, precisely
"Fargo area" here means the Fargo, ND-MN metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Cass County, ND; Clay County, MN. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.