States › North Dakota › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in North Dakota, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 225 loans in North Dakota: 188 under 7(a) and 37 under 504, worth $60.4M.
That is down 11% on FY2015, when there were 254 approvals worth $70.8M.
North Dakota accounted for 0.3% of the 70,012 approvals nationwide that year. 37 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 26.
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.
Approvals by lender
The 37 lenders with the most approvals to North Dakota businesses in FY2016, of 37 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 26 | $2.3M | 11.6% | 23 | +3 |
| 2 | Dakota Business Lending | 504 | 23 | $13.8M | 10.2% | 26 | -3 |
| 3 | Capital Credit Union | 7(a) | 21 | $2.1M | 9.3% | 22 | -1 |
| 4 | Choice Financial Group | 7(a) | 16 | $1.4M | 7.1% | 10 | +6 |
| 5 | Bravera Bank | 7(a) | 15 | $2.1M | 6.7% | 15 | 0 |
| 6 | Starion Bank | 7(a) | 13 | $2.2M | 5.8% | 18 | -5 |
| 7 | Wells Fargo Bank National Association | 7(a) | 10 | $2.2M | 4.4% | 12 | -2 |
| 8 | Bell Bank | 7(a) | 10 | $1.2M | 4.4% | 8 | +2 |
| 9 | Town and Country CU | 7(a) | 10 | $1.1M | 4.4% | 7 | +3 |
| 10 | Old National Bank | 7(a) | 9 | $2.1M | 4.0% | 14 | -5 |
| 11 | First Western Bank & Trust | 7(a) | 8 | $4.4M | 3.6% | 15 | -7 |
| 12 | Lewis & Clark Certified Development Company | 504 | 7 | $6.4M | 3.1% | 5 | +2 |
| 13 | Cornerstone Bank | 7(a) | 6 | $1.2M | 2.7% | 2 | +4 |
| 14 | First Community CU | 7(a) | 6 | $545K | 2.7% | 7 | -1 |
| 15 | Lake Agassiz Certified Development Company | 504 | 5 | $2.0M | 2.2% | 6 | -1 |
| 16 | Union State Bank of Hazen | 7(a) | 5 | $380K | 2.2% | 4 | +1 |
| 17 | Celtic Bank Corporation | 7(a) | 4 | $654K | 1.8% | 2 | +2 |
| 18 | The Union Bank | 7(a) | 4 | $365K | 1.8% | 6 | -2 |
| 19 | Security Bank USA | 7(a) | 4 | $196K | 1.8% | 1 | +3 |
| 20 | Midwest Business Finance Corporation | 504 | 2 | — | 0.9% | 1 | +1 |
| 21 | Dakota Western Bank | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 22 | American State Bank and Trust Company of Williston | 7(a) | 2 | — | 0.9% | 0 | new |
| 23 | Dakota Business Lending | 7(a) | 2 | — | 0.9% | 3 | -1 |
| 24 | Border Bank | 7(a) | 2 | — | 0.9% | 0 | new |
| 25 | Stearns Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 26 | Midwest Regional Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 27 | Live Oak Banking Company | 7(a) | 1 | — | 0.4% | 0 | new |
| 28 | First State Bank & Trust | 7(a) | 1 | — | 0.4% | 0 | new |
| 29 | BNC National Bank | 7(a) | 1 | — | 0.4% | 6 | -5 |
| 30 | BayFirst National Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 31 | Aspire Bank | 7(a) | 1 | — | 0.4% | 11 | -10 |
| 32 | Alerus Financial, National Association | 7(a) | 1 | — | 0.4% | 3 | -2 |
| 33 | The First National Bank of Tom Bean | 7(a) | 1 | — | 0.4% | 0 | new |
| 34 | Red River State Bank | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 35 | Frandsen Bank and Trust | 7(a) | 1 | — | 0.4% | 0 | new |
| 36 | Dacotah Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 37 | Magnifi Financial CU | 7(a) | 1 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Cass County | 92 | $26.9M | 40.9% | 82 | +10 |
| 2 | Burleigh County | 51 | $6.6M | 22.7% | 52 | -1 |
| 3 | Morton County | 13 | $3.1M | 5.8% | 16 | -3 |
| 4 | Grand Forks County | 12 | $1.3M | 5.3% | 22 | -10 |
| 5 | Ward County | 10 | $7.0M | 4.4% | 9 | +1 |
| 6 | Mercer County | 8 | $652K | 3.6% | 11 | -3 |
| 7 | Richland County | 7 | $1.5M | 3.1% | 1 | +6 |
| 8 | Mountrail County | 4 | $254K | 1.8% | 5 | -1 |
| 9 | Williams County | 3 | $625K | 1.3% | 6 | -3 |
| 10 | Traill County | 3 | $195K | 1.3% | 6 | -3 |
| 11 | Ramsey County | 3 | $702K | 1.3% | 2 | +1 |
| 12 | Walsh County | 2 | — | 0.9% | 0 | new |
| 13 | LaMoure County | 2 | — | 0.9% | 0 | new |
| 14 | Stutsman County | 2 | — | 0.9% | 0 | new |
| 15 | Dunn County | 2 | — | 0.9% | 3 | -1 |
| 16 | Bowman County | 2 | — | 0.9% | 1 | +1 |
| 17 | McLean County | 1 | — | 0.4% | 1 | 0 |
| 18 | Cavalier County | 1 | — | 0.4% | 1 | 0 |
| 19 | Pembina County | 1 | — | 0.4% | 7 | -6 |
| 20 | Stark County | 1 | — | 0.4% | 7 | -6 |
| 21 | McKenzie County | 1 | — | 0.4% | 3 | -2 |
| 22 | Dickey County | 1 | — | 0.4% | 1 | 0 |
| 23 | Sargent County | 1 | — | 0.4% | 0 | new |
| 24 | Benson County | 1 | — | 0.4% | 1 | 0 |
| 25 | Adams County | 1 | — | 0.4% | 0 | new |
FY2016 against FY2015
| North Dakota | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 188 | 216 |
| 7(a) dollars | $35.9M | $43.0M |
| Median 7(a) approval | $77K | $100K |
| 504 approvals | 37 | 38 |
| 504 dollars | $24.5M | $27.9M |
| Jobs supported, as reported | 2,027 | 2,211 |
Questions and answers
Which lenders made the most SBA loans in North Dakota in FY2016?
U.S. Bank, National Association (26), Dakota Business Lending (23), Capital Credit Union (21), Choice Financial Group (16), Bravera Bank (15). 37 lenders had at least one approval.
How many SBA loans were approved in North Dakota in FY2016?
225: 188 under 7(a) worth $35.9M and 37 under 504 worth $24.5M.
Which North Dakota counties had the most SBA approvals in FY2016?
Cass County (92), Burleigh County (51), Morton County (13), Grand Forks County (12), Ward County (10).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error