States › North Dakota › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in North Dakota, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 223 loans in North Dakota: 168 under 7(a) and 55 under 504, worth $67.5M.
That is about level with FY2017, when there were 231 approvals worth $57.8M.
North Dakota accounted for 0.3% of the 66,228 approvals nationwide that year. 40 lenders had at least one approval in the state; Bravera Bank had the most, 32.
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 FY2018, of 40 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Bravera Bank | 7(a) | 32 | $3.0M | 14.3% | 22 | +10 |
| 2 | Dakota Business Lending | 504 | 31 | $13.8M | 13.9% | 24 | +7 |
| 3 | Capital Credit Union | 7(a) | 17 | $1.7M | 7.6% | 19 | -2 |
| 4 | Choice Financial Group | 7(a) | 15 | $3.4M | 6.7% | 22 | -7 |
| 5 | Old National Bank | 7(a) | 15 | $2.2M | 6.7% | 20 | -5 |
| 6 | Lewis & Clark Certified Development Company | 504 | 12 | $5.6M | 5.4% | 5 | +7 |
| 7 | The Union Bank | 7(a) | 10 | $2.9M | 4.5% | 0 | new |
| 8 | First Western Bank & Trust | 7(a) | 10 | $1.5M | 4.5% | 15 | -5 |
| 9 | U.S. Bank, National Association | 7(a) | 8 | $193K | 3.6% | 10 | -2 |
| 10 | Lake Agassiz Certified Development Company | 504 | 7 | $8.0M | 3.1% | 7 | 0 |
| 11 | Bell Bank | 7(a) | 6 | $538K | 2.7% | 4 | +2 |
| 12 | Midwest Business Finance Corporation | 504 | 5 | $3.0M | 2.2% | 2 | +3 |
| 13 | Town and Country CU | 7(a) | 5 | $520K | 2.2% | 5 | 0 |
| 14 | Starion Bank | 7(a) | 4 | $1.3M | 1.8% | 5 | -1 |
| 15 | Aspire Bank | 7(a) | 4 | $600K | 1.8% | 10 | -6 |
| 16 | Plains Commerce Bank | 7(a) | 4 | $492K | 1.8% | 0 | new |
| 17 | Dakota Business Lending | 7(a) | 4 | $332K | 1.8% | 5 | -1 |
| 18 | Readycap Lending, LLC | 7(a) | 2 | — | 0.9% | 0 | new |
| 19 | American State Bank and Trust Company of Williston | 7(a) | 2 | — | 0.9% | 2 | 0 |
| 20 | Stearns Bank National Association | 7(a) | 2 | — | 0.9% | 0 | new |
| 21 | Seacoast National Bank | 7(a) | 2 | — | 0.9% | 0 | new |
| 22 | Frandsen Bank and Trust | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 23 | BayFirst National Bank | 7(a) | 2 | — | 0.9% | 3 | -1 |
| 24 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 25 | Horizon Financial Bank | 7(a) | 2 | — | 0.9% | 0 | new |
| 26 | Independence Bank | 7(a) | 2 | — | 0.9% | 0 | new |
| 27 | Red River State Bank | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 28 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.9% | 18 | -16 |
| 29 | Byline Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 30 | The Yellowstone Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 31 | Northeast Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 32 | Live Oak Banking Company | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 33 | First State Bank & Trust | 7(a) | 1 | — | 0.4% | 0 | new |
| 34 | BOKF, National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 35 | Celtic Bank Corporation | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 36 | Kirkwood Bank and Trust Co | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 37 | KodaBank | 7(a) | 1 | — | 0.4% | 0 | new |
| 38 | Union State Bank of Hazen | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 39 | BNC National Bank | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 40 | Bank Forward | 7(a) | 1 | — | 0.4% | 4 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Cass County | 90 | $28.9M | 40.4% | 83 | +7 |
| 2 | Burleigh County | 24 | $7.3M | 10.8% | 42 | -18 |
| 3 | Morton County | 24 | $7.7M | 10.8% | 14 | +10 |
| 4 | Grand Forks County | 17 | $4.5M | 7.6% | 30 | -13 |
| 5 | Williams County | 17 | $9.4M | 7.6% | 9 | +8 |
| 6 | Ward County | 8 | $2.3M | 3.6% | 11 | -3 |
| 7 | Stark County | 7 | $1.4M | 3.1% | 6 | +1 |
| 8 | Stutsman County | 5 | $891K | 2.2% | 3 | +2 |
| 9 | Walsh County | 3 | $210K | 1.3% | 4 | -1 |
| 10 | Logan County | 3 | $759K | 1.3% | 0 | new |
| 11 | McLean County | 2 | — | 0.9% | 2 | 0 |
| 12 | Traill County | 2 | — | 0.9% | 2 | 0 |
| 13 | Cavalier County | 2 | — | 0.9% | 2 | 0 |
| 14 | Ramsey County | 2 | — | 0.9% | 4 | -2 |
| 15 | Richland County | 2 | — | 0.9% | 4 | -2 |
| 16 | Barnes County | 2 | — | 0.9% | 2 | 0 |
| 17 | Mercer County | 2 | — | 0.9% | 2 | 0 |
| 18 | Mountrail County | 2 | — | 0.9% | 0 | new |
| 19 | Kidder County | 2 | — | 0.9% | 0 | new |
| 20 | Ransom County | 1 | — | 0.4% | 0 | new |
| 21 | Pembina County | 1 | — | 0.4% | 0 | new |
| 22 | McKenzie County | 1 | — | 0.4% | 0 | new |
| 23 | Oliver County | 1 | — | 0.4% | 0 | new |
| 24 | LaMoure County | 1 | — | 0.4% | 0 | new |
| 25 | Dunn County | 1 | — | 0.4% | 1 | 0 |
| 26 | Bowman County | 1 | — | 0.4% | 1 | 0 |
FY2018 against FY2017
| North Dakota | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 168 | 193 |
| 7(a) dollars | $37.1M | $36.2M |
| Median 7(a) approval | $100K | $80K |
| 504 approvals | 55 | 38 |
| 504 dollars | $30.3M | $21.7M |
| Jobs supported, as reported | 2,138 | 1,921 |
Questions and answers
Which lenders made the most SBA loans in North Dakota in FY2018?
Bravera Bank (32), Dakota Business Lending (31), Capital Credit Union (17), Choice Financial Group (15), Old National Bank (15). 40 lenders had at least one approval.
How many SBA loans were approved in North Dakota in FY2018?
223: 168 under 7(a) worth $37.1M and 55 under 504 worth $30.3M.
Which North Dakota counties had the most SBA approvals in FY2018?
Cass County (90), Burleigh County (24), Morton County (24), Grand Forks County (17), Williams County (17).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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