SBA loans in North Dakota, FY2017

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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 231 loans in North Dakota: 193 under 7(a) and 38 under 504, worth $57.8M.

That is about level with FY2016, when there were 225 approvals worth $60.4M.

North Dakota accounted for 0.3% of the 68,648 approvals nationwide that year. 41 lenders had at least one approval in the state; Dakota Business Lending had the most, 24.

231approvalsFY2016: 225

$57.8Mdollars approvedFY2016: $60.4M

$80Kmedian 7(a) approvalFY2016: $77K

41lenders with an approval

1,921jobs supported, as reported

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 40 lenders with the most approvals to North Dakota businesses in FY2017, of 41 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2016	Change
1	Dakota Business Lending	504	24	$14.0M	10.4%	23	+1
2	Choice Financial Group	7(a)	22	$4.1M	9.5%	16	+6
3	Bravera Bank	7(a)	22	$1.4M	9.5%	15	+7
4	Old National Bank	7(a)	20	$3.9M	8.7%	9	+11
5	Capital Credit Union	7(a)	19	$1.6M	8.2%	21	-2
6	Wells Fargo Bank National Association	7(a)	18	$7.1M	7.8%	10	+8
7	First Western Bank & Trust	7(a)	15	$3.8M	6.5%	8	+7
8	U.S. Bank, National Association	7(a)	10	$2.2M	4.3%	26	-16
9	Aspire Bank	7(a)	10	$1.5M	4.3%	1	+9
10	Lake Agassiz Certified Development Company	504	7	$4.0M	3.0%	5	+2
11	Lewis & Clark Certified Development Company	504	5	$2.9M	2.2%	7	-2
12	Dakota Business Lending	7(a)	5	$629K	2.2%	2	+3
13	Starion Bank	7(a)	5	$403K	2.2%	13	-8
14	Town and Country CU	7(a)	5	$156K	2.2%	10	-5
15	Bank Forward	7(a)	4	$1.4M	1.7%	0	new
16	Bell Bank	7(a)	4	$225K	1.7%	10	-6
17	BayFirst National Bank	7(a)	3	$900K	1.3%	1	+2
18	Cornerstone Bank	7(a)	3	$293K	1.3%	6	-3
19	First Community CU	7(a)	2	—	0.9%	6	-4
20	Midwest Business Finance Corporation	504	2	—	0.9%	2	0
21	American State Bank and Trust Company of Williston	7(a)	2	—	0.9%	2	0
22	BNC National Bank	7(a)	2	—	0.9%	1	+1
23	Dacotah Bank	7(a)	2	—	0.9%	1	+1
24	Security Bank USA	7(a)	2	—	0.9%	4	-2
25	Union State Bank of Hazen	7(a)	2	—	0.9%	5	-3
26	Milestone Bank	7(a)	1	—	0.4%	0	new
27	Dakota Western Bank	7(a)	1	—	0.4%	2	-1
28	Live Oak Banking Company	7(a)	1	—	0.4%	1	0
29	First Interstate Bank	7(a)	1	—	0.4%	0	new
30	First National Bank	7(a)	1	—	0.4%	0	new
31	Newtek Small Business Finance, Inc.	7(a)	1	—	0.4%	0	new
32	Red River State Bank	7(a)	1	—	0.4%	1	0
33	Celtic Bank Corporation	7(a)	1	—	0.4%	4	-3
34	United Midwest Savings Bank National Association	7(a)	1	—	0.4%	0	new
35	Gate City Bank	7(a)	1	—	0.4%	0	new
36	Merchants Bank	7(a)	1	—	0.4%	0	new
37	Viking Bank National Association	7(a)	1	—	0.4%	0	new
38	Frandsen Bank and Trust	7(a)	1	—	0.4%	1	0
39	Kirkwood Bank and Trust Co	7(a)	1	—	0.4%	0	new
40	First International Bank and Trust	7(a)	1	—	0.4%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2016	Change
1	Cass County	83	$19.4M	35.9%	92	-9
2	Burleigh County	42	$10.1M	18.2%	51	-9
3	Grand Forks County	30	$8.5M	13.0%	12	+18
4	Morton County	14	$2.0M	6.1%	13	+1
5	Ward County	11	$2.2M	4.8%	10	+1
6	Williams County	9	$4.0M	3.9%	3	+6
7	Stark County	6	$2.4M	2.6%	1	+5
8	Walsh County	4	$308K	1.7%	2	+2
9	Ramsey County	4	$558K	1.7%	3	+1
10	Richland County	4	$1.3M	1.7%	7	-3
11	Stutsman County	3	$2.2M	1.3%	2	+1
12	McLean County	2	—	0.9%	1	+1
13	Traill County	2	—	0.9%	3	-1
14	Cavalier County	2	—	0.9%	1	+1
15	Barnes County	2	—	0.9%	0	new
16	Divide County	2	—	0.9%	0	new
17	Emmons County	2	—	0.9%	0	new
18	Mercer County	2	—	0.9%	8	-6
19	Rolette County	1	—	0.4%	0	new
20	Dunn County	1	—	0.4%	2	-1
21	Bowman County	1	—	0.4%	2	-1
22	Bottineau County	1	—	0.4%	0	new
23	Wells County	1	—	0.4%	0	new
24	Benson County	1	—	0.4%	1	0
25	Adams County	1	—	0.4%	1	0

FY2017 against FY2016

North Dakota	FY2017	FY2016
7(a) approvals	193	188
7(a) dollars	$36.2M	$35.9M
Median 7(a) approval	$80K	$77K
504 approvals	38	37
504 dollars	$21.7M	$24.5M
Jobs supported, as reported	1,921	2,027

Questions and answers

Which lenders made the most SBA loans in North Dakota in FY2017?

Dakota Business Lending (24), Choice Financial Group (22), Bravera Bank (22), Old National Bank (20), Capital Credit Union (19). 41 lenders had at least one approval.

How many SBA loans were approved in North Dakota in FY2017?

231: 193 under 7(a) worth $36.2M and 38 under 504 worth $21.7M.

Which North Dakota counties had the most SBA approvals in FY2017?

Cass County (83), Burleigh County (42), Grand Forks County (30), Morton County (14), Ward County (11).

When does FY2017 start and end?

The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.

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