States › North Dakota › FY2019
FY20191 Oct 2018 – 30 Sep 2019
SBA loans in North Dakota, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 184 loans in North Dakota: 125 under 7(a) and 59 under 504, worth $76.4M.
That is down 17% on FY2018, when there were 223 approvals worth $67.5M.
North Dakota accounted for 0.3% of the 58,006 approvals nationwide that year. 37 lenders had at least one approval in the state; Dakota Business Lending had the most, 34.
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 FY2019, of 37 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Dakota Business Lending | 504 | 34 | $23.4M | 18.5% | 31 | +3 |
| 2 | Bravera Bank | 7(a) | 17 | $1.9M | 9.2% | 32 | -15 |
| 3 | Old National Bank | 7(a) | 13 | $6.1M | 7.1% | 15 | -2 |
| 4 | U.S. Bank, National Association | 7(a) | 12 | $1.8M | 6.5% | 8 | +4 |
| 5 | Choice Financial Group | 7(a) | 11 | $6.3M | 6.0% | 15 | -4 |
| 6 | Lewis & Clark Certified Development Company | 504 | 11 | $5.9M | 6.0% | 12 | -1 |
| 7 | Capital Credit Union | 7(a) | 11 | $1.1M | 6.0% | 17 | -6 |
| 8 | Aspire Bank | 7(a) | 9 | $1.4M | 4.9% | 4 | +5 |
| 9 | Lake Agassiz Certified Development Company | 504 | 8 | $3.5M | 4.3% | 7 | +1 |
| 10 | The Union Bank | 7(a) | 7 | $2.3M | 3.8% | 10 | -3 |
| 11 | Midwest Business Finance Corporation | 504 | 5 | $2.7M | 2.7% | 5 | 0 |
| 12 | Red River State Bank | 7(a) | 4 | $414K | 2.2% | 2 | +2 |
| 13 | Stearns Bank National Association | 7(a) | 3 | $5.4M | 1.6% | 2 | +1 |
| 14 | Wells Fargo Bank National Association | 7(a) | 3 | $1.1M | 1.6% | 2 | +1 |
| 15 | First Community CU | 7(a) | 3 | $815K | 1.6% | 0 | new |
| 16 | BayFirst National Bank | 7(a) | 3 | $746K | 1.6% | 2 | +1 |
| 17 | American State Bank and Trust Company of Williston | 7(a) | 3 | $609K | 1.6% | 2 | +1 |
| 18 | BNC National Bank | 7(a) | 3 | $590K | 1.6% | 1 | +2 |
| 19 | GBank | 7(a) | 2 | — | 1.1% | 0 | new |
| 20 | Metro City Bank | 7(a) | 2 | — | 1.1% | 0 | new |
| 21 | First Western Bank & Trust | 7(a) | 2 | — | 1.1% | 10 | -8 |
| 22 | Celtic Bank Corporation | 7(a) | 2 | — | 1.1% | 1 | +1 |
| 23 | Seacoast National Bank | 7(a) | 2 | — | 1.1% | 2 | 0 |
| 24 | Live Oak Banking Company | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 25 | Cornerstone Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 26 | Dakota Business Lending | 7(a) | 1 | — | 0.5% | 4 | -3 |
| 27 | Associated Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 28 | First International Bank and Trust | 7(a) | 1 | — | 0.5% | 0 | new |
| 29 | BankNorth | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 31 | Bell Bank | 7(a) | 1 | — | 0.5% | 6 | -5 |
| 32 | Florida Capital Bank, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 33 | Dakota Business Finance | 504 | 1 | — | 0.5% | 0 | new |
| 34 | Town and Country CU | 7(a) | 1 | — | 0.5% | 5 | -4 |
| 35 | Merchants Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 36 | Bank Forward | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 37 | Union State Bank of Hazen | 7(a) | 1 | — | 0.5% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Cass County | 68 | $23.6M | 37.0% | 90 | -22 |
| 2 | Grand Forks County | 17 | $10.0M | 9.2% | 17 | 0 |
| 3 | Williams County | 17 | $6.4M | 9.2% | 17 | 0 |
| 4 | Burleigh County | 15 | $8.3M | 8.2% | 24 | -9 |
| 5 | Morton County | 11 | $4.0M | 6.0% | 24 | -13 |
| 6 | Stark County | 11 | $7.8M | 6.0% | 7 | +4 |
| 7 | Ward County | 8 | $2.0M | 4.3% | 8 | 0 |
| 8 | McKenzie County | 5 | $6.0M | 2.7% | 1 | +4 |
| 9 | Stutsman County | 5 | $3.4M | 2.7% | 5 | 0 |
| 10 | Ransom County | 4 | $828K | 2.2% | 1 | +3 |
| 11 | Traill County | 4 | $350K | 2.2% | 2 | +2 |
| 12 | Ramsey County | 4 | $1.7M | 2.2% | 2 | +2 |
| 13 | McLean County | 2 | — | 1.1% | 2 | 0 |
| 14 | Mountrail County | 2 | — | 1.1% | 2 | 0 |
| 15 | McIntosh County | 2 | — | 1.1% | 0 | new |
| 16 | Grant County | 1 | — | 0.5% | 0 | new |
| 17 | Richland County | 1 | — | 0.5% | 2 | -1 |
| 18 | Oliver County | 1 | — | 0.5% | 1 | 0 |
| 19 | LaMoure County | 1 | — | 0.5% | 1 | 0 |
| 20 | Bowman County | 1 | — | 0.5% | 1 | 0 |
| 21 | Mercer County | 1 | — | 0.5% | 2 | -1 |
| 22 | Bottineau County | 1 | — | 0.5% | 0 | new |
| 23 | McHenry County | 1 | — | 0.5% | 0 | new |
| 24 | Renville County | 1 | — | 0.5% | 0 | new |
FY2019 against FY2018
| North Dakota | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 125 | 168 |
| 7(a) dollars | $40.9M | $37.1M |
| Median 7(a) approval | $150K | $100K |
| 504 approvals | 59 | 55 |
| 504 dollars | $35.6M | $30.3M |
| Jobs supported, as reported | 1,612 | 2,138 |
Questions and answers
Which lenders made the most SBA loans in North Dakota in FY2019?
Dakota Business Lending (34), Bravera Bank (17), Old National Bank (13), U.S. Bank, National Association (12), Choice Financial Group (11). 37 lenders had at least one approval.
How many SBA loans were approved in North Dakota in FY2019?
184: 125 under 7(a) worth $40.9M and 59 under 504 worth $35.6M.
Which North Dakota counties had the most SBA approvals in FY2019?
Cass County (68), Grand Forks County (17), Williams County (17), Burleigh County (15), Morton County (11).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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