SBA lending by state
SBA Lending in North Dakota
In North Dakota, SBA lenders funded 3,591 7(a) and 504 loans since FY2010, totaling $1.5B, an average of $406K 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, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in North Dakota
Ranked by SBA loans funded in North Dakota since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its North Dakota loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in North Dakota shows “not reported,” never 0%.
See the full North Dakota ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Dakota Business Lending | 575 | $379.6M | $660K | 9.52% |
| 2 | Bravera Bank | 272 | $36.0M | $132K | 1.84% |
| 3 | Capital CU | 211 | $28.2M | $134K | 0.47% |
| 4 | Old National Bank | 205 | $78.0M | $380K | 0.98% |
| 5 | U.S. Bank, National Association | 200 | $31.4M | $157K | 4.00% |
| 6 | Lake Agassiz Certified Development Company | 159 | $118.1M | $743K | not reported |
| 7 | First Western Bank & Trust | 152 | $35.4M | $233K | 0.66% |
| 8 | Choice Financial Group | 149 | $36.5M | $245K | 0.00% |
| 9 | Starion Bank | 141 | $20.3M | $144K | 0.00% |
| 10 | Lewis & Clark Certified Development Company | 137 | $94.8M | $692K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in North Dakota
An SBA 504 project in North Dakota pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in North Dakota, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Dakota Business Lending | 554 | $376.6M |
| Lake Agassiz Certified Development Company | 159 | $118.1M |
| Lewis & Clark Certified Development Company | 137 | $94.8M |
| Midwest Business Finance Corporation | 52 | $43.7M |
| Ally Dakota Development, Inc. | 2 | $7.6M |
| Dakota Business Finance | 2 | $2.4M |
| Central Minnesota Development Company | 2 | $777K |
| Texas Panhandle Regional Development Corporation | 1 | $2.5M |
| Amplio Economic Development Corporation | 1 | $745K |
| Region IV Development Corporation | 1 | $515K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in North Dakota
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 421 | $281.9M |
| Retail Trade | 479 | $191.9M |
| Manufacturing | 260 | $165.5M |
| Construction | 537 | $137.3M |
| Health Care and Social Assistance | 314 | $117.2M |
| Other Services | 337 | $116.3M |
| Agriculture, Forestry, Fishing | 127 | $71.7M |
| Professional and Technical Services | 249 | $63.5M |
Top cities for SBA loans in North Dakota
Where SBA 7(a) and 504 borrowers in North Dakota are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Fargo | 979 | $357.5M |
| Bismarck | 522 | $192.8M |
| Grand Forks | 261 | $124.1M |
| West Fargo | 297 | $110.6M |
| Williston | 202 | $106.4M |
| Minot | 164 | $86.6M |
| Dickinson | 112 | $64.2M |
| Mandan | 145 | $42.0M |
SBA lending by metro area in North Dakota
Which lenders fund each North Dakota market, with local loan sizes and industries.
- SBA lenders in Fargo, ND 1,660 loans
- SBA lenders in Bismarck, ND 767 loans
- SBA lenders in Grand Forks, ND 551 loans
- SBA lenders in Williston, ND 211 loans
- SBA lenders in Minot, ND 192 loans
- SBA lenders in Dickinson, ND 143 loans
- SBA lenders in Jamestown, ND 47 loans
- SBA lenders in Wahpeton, ND 51 loans
SBA lending in North Dakota by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 293 | $66.9M |
| 2011 | 302 | $108.8M |
| 2012 | 212 | $97.3M |
| 2013 | 209 | $95.2M |
| 2014 | 221 | $85.2M |
| 2015 | 254 | $71.4M |
| 2016 | 225 | $60.4M |
| 2017 | 232 | $58.1M |
| 2018 | 223 | $67.5M |
| 2019 | 184 | $72.8M |
| 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 |
SBA lending in North Dakota: frequently asked questions
How much SBA lending is there in North Dakota?
SBA lenders funded 3,591 7(a) and 504 loans totaling $1.5B in North Dakota in the public SBA data (as of 2026-03-31), an average of $406K per loan.
Who is the most active SBA lender in North Dakota?
Dakota Business Lending is the most active SBA lender in North Dakota in the public data, by loans funded.
What industries get the most SBA loans in North Dakota?
The most-funded industry for SBA loans in North Dakota is Accommodation and Food Services.
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