SBA Ledger

States › North Dakota

State0.3% of US approvals98 lenders active

SBA loans in North Dakota

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

Businesses in North Dakota received 960 SBA loan approvals worth $545M in FY2021 to FY2025, 635 of them 7(a) loans and 325 504 loans.

That is 37.8 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.3% of all approvals in the country (46th of 54 states and territories).

In FY2025 there were 188 approvals totalling $146M, up 9% on FY2024. The median 7(a) approval over the five years was $195K and the median 504 approval $478K.

98 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Bravera Bank (59), First Western Bank & Trust (52) and U.S. Bank, National Association (50).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 3.4% as charged off, against 6.6% nationally.

188approvals, FY2025960 in FY2021–FY2025
$146Mapproved, FY2025$545M in FY2021–FY2025
37.8approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$195Kmedian 7(a) approvalUS: $190K
3.4%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Most active 7(a) lenders in North Dakota

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in ND, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Bravera BankDickinson, ND59$7.1M9.3%$76K4.2%
2First Western Bank & TrustMinot, ND52$12.3M8.2%$162K1.0%
3U.S. Bank, National AssociationCincinnati, OH50$8.5M7.9%$45K6.2%
4Old National BankEvansville, IN47$36.3M7.4%$500K4.7%
5Aspire BankFargo, ND31$9.6M4.9%$200K1.2%
6Choice Financial GroupFargo, ND29$9.2M4.6%$316K1.4%
7Town and Country CUMinot, ND29$5.2M4.6%$100K5.2%
8Starion BankBismarck, ND24$4.1M3.8%$110K0.7%
9Capital Credit UnionBismarck, ND23$4.0M3.6%$78K0.5%
10Alerus Financial, National AssociationGrand Forks, ND19$22.7M3.0%$525K6.1%
11Bell BankFargo, ND16$6.2M2.5%$398K3.4%
12Northeast BankLewiston, ME15$2.9M2.4%$106K12.8%
13Red River State BankHalstad, MN12$14.8M1.9%$467K4.7%
14Wallis BankWallis, TX11$8.8M1.7%$997K4.1%
15Dacotah BankAberdeen, SD10$4.1M1.6%$274K8.3%
16Wells Fargo Bank National AssociationSioux Falls, SD10$828K1.6%$15K7.9%
17Readycap Lending, LLCBerkeley Heights, NJ9$11.9M1.4%$138K4.3%
18Frandsen Bank and TrustArden Hills, MN9$10.1M1.4%$344K1.0%
19The Huntington National BankColumbus, OH9$1.8M1.4%$92K5.7%
20BayFirst National BankSaint Petersburg, FL9$1.2M1.4%$150K19.2%
21Newtek Small Business Finance, Inc.Lake Success, NY8$5.7M1.3%$300K6.8%
22First International Bank and TrustWatford City, ND7$8.1M1.1%$205K—
23First State Bank & TrustWilliston, ND7$3.5M1.1%$200K4.9%
24Bank ForwardFargo, ND7$2.6M1.1%$125K1.0%
25Cornerstone BankFargo, ND6$3.3M0.9%$200K5.3%
26Newtek Bank, National AssociationMiami, FL6$1.9M0.9%$225K—
27Security First Bank of North DakotaNew Salem, ND6$1.3M0.9%$204K—
28Ultima Bank MinnesotaWinger, MN5$2.2M0.8%$139K1.5%
29Union State Bank of HazenHazen, ND5$497K0.8%$80K—
30North Star Community Credit UnionMaddock, ND5$241K0.8%$50K—
31First Internet Bank of IndianaFishers, IN4$5.2M0.6%$895K5.3%
32First Community CUJamestown, ND4$5.1M0.6%$213K2.7%
33First Western SBLC, LLCDallas, TX4$4.4M0.6%$1.8M1.6%
34First State BankBuxton, ND4$4.4M0.6%$1.2M—
35United Midwest Savings Bank National AssociationDe Graff, OH4$3.1M0.6%$150K15.9%
36Border BankFargo, ND4$2.9M0.6%$200K2.5%
37Live Oak Banking CompanyWilmington, NC3$2.4M0.5%$850K2.2%
38Dakota Business LendingFargo, ND3$751K0.5%$250K—
39Horizon Financial BankMunich, ND3$505K0.5%$200K—
40Celtic Bank CorporationSalt Lake City, UT3$400K0.5%$150K17.0%

504 certified development companies

#LenderApprovals in ND, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Dakota Business LendingFargo, ND · 504 CDC170$120M52.3%$458K1.6%
2Lake Agassiz Certified Development CompanyFargo, ND · 504 CDC67$51.0M20.6%$458K2.8%
3Lewis & Clark Certified Development CompanyMandan, ND · 504 CDC51$34.4M15.7%$599K3.6%
4Midwest Business Finance CorporationSt. Cloud, MN · 504 CDC34$31.6M10.5%$506K1.2%
5Central Minnesota Development CompanyAndover, MN · 504 CDC2—0.6%$604K0.5%
6Dakota Business FinanceSioux Falls, SD · 504 CDC1—0.3%$466K1.1%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*65$39.5M$180K33$23.5M981,168
FY2025132$101M$228K56$45.8M1881,836
FY2024123$41.3M$150K49$36.7M1721,578
FY202389$34.3M$205K49$38.9M1381,582
FY2022115$43.9M$164K75$55.5M1901,751
FY2021176$85.4M$207K96$63.0M2722,562
FY2020140$43.3M$150K78$45.2M2181,738
FY2019125$40.9M$150K59$35.6M1841,612
FY2018168$37.1M$100K55$30.3M2232,138
FY2017193$36.2M$80K38$21.7M2311,921
FY2016188$35.9M$77K37$24.5M2252,027

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in North Dakota by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Cass County431$223M5,98872.0
2Burleigh County118$83.0M3,21836.7
3Grand Forks County65$45.9M1,90334.2
4Williams County63$34.8M1,65238.1
5Ward County61$22.4M2,04329.9
6Stark County34$15.9M1,22227.8
7Morton County30$11.0M89533.5
8Stutsman County21$24.8M63633.0
9McKenzie County17$10.6M59428.6
10Walsh County11$12.7M36230.4
11Mountrail County11$10.8M36330.3
12Ramsey County10$3.3M41624.0
13Richland County9$6.2M54116.6
14Barnes County8$4.3M34922.9
15Mercer County7$778K24828.2
16Traill County6$711K28021.4
17Bottineau County6$6.9M25523.5
18Dunn County4$4.4M21119.0
19Sargent County4$6.1M12232.8
20McLean County3$1.4M25711.7
21Ransom County3$215K18816.0
22Oliver County3$1.1M4763.8
23Dickey County3$1.5M19115.7
24Wells County3$430K16817.9
25Kidder County3$1.7M9232.6
26Adams County3$716K8734.5
27Hettinger County3$1.3M9431.9
28Rolette County2—2089.6
29Pembina County2—2647.6
30Steele County2—5735.1
31Divide County2—8224.4
32Billings County2—5536.4
33Emmons County2—10818.5
34Griggs County1—8212.2
35Pierce County1—1606.3
36LaMoure County1—1546.5
37Foster County1—1387.2
38Renville County1—1099.2
39McIntosh County1—1218.3
40Sheridan County1—3627.8
41Nelson County1—1287.8

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 722570$35.3M7.3%
2Offices of Other Health PractitionersNAICS 621349$18.9M5.1%
3Automotive Repair and MaintenanceNAICS 811139$17.6M4.1%
4Services to Buildings and DwellingsNAICS 561736$11.0M3.8%
5Personal Care ServicesNAICS 812135$9.1M3.6%
6Other Specialty Trade ContractorsNAICS 238933$20.5M3.4%
7Traveler AccommodationNAICS 721130$61.5M3.1%
8Building Equipment ContractorsNAICS 238230$9.7M3.1%
9Other Amusement and Recreation IndustriesNAICS 713927$9.1M2.8%
10Building Finishing ContractorsNAICS 238322$3.6M2.3%
11Support Activities for MiningNAICS 213121$11.9M2.2%
12Residential Building ConstructionNAICS 236121$7.4M2.2%
13Other Personal ServicesNAICS 812918$8.4M1.9%
14Other Professional, Scientific, and Technical ServicesNAICS 541917$9.3M1.8%
15General Freight TruckingNAICS 484116$3.1M1.7%

Sectors

#NAICS sectorApprovalsShare
1Construction13614.2%
2Retail Trade12312.8%
3Accommodation and Food Services11912.4%
4Other Services (except Public Administration)10711.1%
5Health Care and Social Assistance929.6%
6Professional, Scientific, and Technical Services717.4%
7Administrative and Support and Waste Management and Remediation Services535.5%
8Manufacturing525.4%
9Arts, Entertainment, and Recreation404.2%
10Transportation and Warehousing394.1%

Franchise brands

#BrandApprovalsShare
1The UPS Store50.5%
2Days Inn30.3%
3Country Inn and Suites by Radisson30.3%
4Scooter's Coffee30.3%
5Big O Tires30.3%
6Daylight Donut Shop30.3%
7Culver's ButterBurgers & Frozen Custard20.2%
8The Medicine Shoppe20.2%
9Motel 620.2%
10Express Employment Professional20.2%

How earlier loans turned out

North Dakota, 7(a)3.4%
United States, 7(a)6.6%
North Dakota, 5042.2%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021ND 7(a)US 7(a)ND 504US 504
Approvals in these years2,190639,90565985,591
Cancelled or never disbursed23379,3137312,514
Disbursed loans1,957560,59258673,077
Paid in full1,720435,81324335,491
Charged off6736,89113905
Still outstanding (status exempt from disclosure)17087,88833036,681
Charged off, share of disbursed loans3.4%6.6%2.2%1.2%
Dollars charged off, share of disbursed dollars1.6%2.5%2.7%0.9%
Dollars charged off$8.0M$5.70bn$10.7M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025North DakotaUnited States
Approvals per 1,000 establishments37.841.0
Median 7(a) approval$195K$190K
Median 504 approval$478K$657K
504 share of approvals33.9%11.0%
Jobs supported per approval, as reported9.710.5
Approvals, change on FY2016–FY2020-11%10%

Questions and answers

Which lenders make the most SBA loans in North Dakota?

By 7(a) approvals in FY2021 to FY2025: Bravera Bank (59), First Western Bank & Trust (52), U.S. Bank, National Association (50), Old National Bank (47), Aspire Bank (31). For 504 loans: Dakota Business Lending (170), Lake Agassiz Certified Development Company (67), Lewis & Clark Certified Development Company (51). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in North Dakota?

The median 7(a) approval was $195K and the median 504 approval $478K; the average across both programs was $568K.

Which industries get the most SBA loans in North Dakota?

Restaurants and Other Eating Places (70); Offices of Other Health Practitioners (49); Automotive Repair and Maintenance (39); Services to Buildings and Dwellings (36); Personal Care Services (35).

Which North Dakota counties receive the most SBA loans?

Cass County (431), Burleigh County (118), Grand Forks County (65), Williams County (63), Ward County (61), by approvals in FY2021 to FY2025.

Is SBA lending in North Dakota rising?

Approvals in the three latest complete fiscal years total 498, against 680 in the three before: falling (-27%).

What share of SBA loans in North Dakota are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 3.4% are recorded as charged off (national: 6.6%); for 504 loans the figure is 2.2% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

About these figures

Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error