SBA lending by state
SBA Lending in North Dakota
In North Dakota, SBA lenders funded 1,721 7(a) and 504 loans totaling $1.0B, an average of $594K per loan. The most active lender is Dakota Business Lending, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
1,721
Total volume
$1.0B
Average loan size
$594K
Most active SBA lenders in North Dakota
| Lender | Loans | Total volume |
|---|---|---|
| Dakota Business Lending | 557 | $377.3M |
| Lake Agassiz Certified Development Company | 159 | $118.1M |
| Lewis & Clark Certified Development Company | 137 | $94.8M |
| Midwest Business Finance Corporation | 52 | $43.7M |
| Old National Bank | 57 | $39.6M |
| Alerus Financial, National Association | 23 | $28.5M |
| Red River State Bank | 19 | $16.7M |
| Aspire Bank | 56 | $14.6M |
Top industries funded in North Dakota
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 252 | $228.8M |
| Retail Trade | 225 | $133.0M |
| Manufacturing | 103 | $103.0M |
| Other Services | 194 | $90.4M |
| Construction | 230 | $88.7M |
| Health Care and Social Assistance | 167 | $82.9M |
| Professional and Technical Services | 116 | $48.2M |
| Transportation and Warehousing | 75 | $40.2M |
SBA lending in North Dakota by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 44 | $22.4M |
| 2011 | 52 | $36.3M |
| 2012 | 54 | $51.0M |
| 2013 | 65 | $62.3M |
| 2014 | 43 | $34.7M |
| 2015 | 38 | $27.9M |
| 2016 | 37 | $24.5M |
| 2017 | 38 | $21.7M |
| 2018 | 55 | $30.3M |
| 2019 | 59 | $35.6M |
| 2020 | 217 | $88.3M |
| 2021 | 273 | $148.8M |
| 2022 | 189 | $99.2M |
| 2023 | 137 | $73.0M |
| 2024 | 172 | $78.0M |
| 2025 | 188 | $146.4M |
| 2026 | 60 | $41.8M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.