SBA loans in North Dakota, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 218 loans in North Dakota: 140 under 7(a) and 78 under 504, worth $88.5M.

That is up 18% on FY2019, when there were 184 approvals worth $76.4M.

North Dakota accounted for 0.4% of the 49,417 approvals nationwide that year. 35 lenders had at least one approval in the state; Dakota Business Lending had the most, 40.

218approvalsFY2019: 184

$88.5Mdollars approvedFY2019: $76.4M

$150Kmedian 7(a) approvalFY2019: $150K

35lenders with an approval

1,738jobs 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 35 lenders with the most approvals to North Dakota businesses in FY2020, of 35 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2019	Change
1	Dakota Business Lending	504	40	$18.4M	18.3%	34	+6
2	Aspire Bank	7(a)	25	$5.0M	11.5%	9	+16
3	Lake Agassiz Certified Development Company	504	22	$14.1M	10.1%	8	+14
4	Lewis & Clark Certified Development Company	504	15	$12.0M	6.9%	11	+4
5	Bank Forward	7(a)	14	$3.5M	6.4%	1	+13
6	U.S. Bank, National Association	7(a)	12	$647K	5.5%	12	0
7	Old National Bank	7(a)	11	$3.5M	5.0%	13	-2
8	First Western Bank & Trust	7(a)	10	$1.8M	4.6%	2	+8
9	Bravera Bank	7(a)	10	$993K	4.6%	17	-7
10	Red River State Bank	7(a)	7	$1.9M	3.2%	4	+3
11	Town and Country CU	7(a)	6	$714K	2.8%	1	+5
12	Choice Financial Group	7(a)	5	$2.9M	2.3%	11	-6
13	The Union Bank	7(a)	5	$1.4M	2.3%	7	-2
14	Wells Fargo Bank National Association	7(a)	4	$3.3M	1.8%	3	+1
15	Capital Credit Union	7(a)	4	$145K	1.8%	11	-7
16	First State Bank & Trust	7(a)	3	$1.4M	1.4%	0	new
17	Equity Bank	7(a)	2	—	0.9%	0	new
18	Stearns Bank National Association	7(a)	2	—	0.9%	3	-1
19	First International Bank and Trust	7(a)	2	—	0.9%	1	+1
20	Security Bank USA	7(a)	2	—	0.9%	0	new
21	Starion Bank	7(a)	2	—	0.9%	0	new
22	United Midwest Savings Bank National Association	7(a)	2	—	0.9%	1	+1
23	Enterprise Bank & Trust	7(a)	1	—	0.5%	0	new
24	Frandsen Bank and Trust	7(a)	1	—	0.5%	0	new
25	Newtek Small Business Finance, Inc.	7(a)	1	—	0.5%	0	new
26	Midwest Business Finance Corporation	504	1	—	0.5%	5	-4
27	Five Star Bank	7(a)	1	—	0.5%	0	new
28	Cornerstone Bank	7(a)	1	—	0.5%	1	0
29	Bell Bank	7(a)	1	—	0.5%	1	0
30	Security First Bank of North Dakota	7(a)	1	—	0.5%	0	new
31	Border Bank	7(a)	1	—	0.5%	0	new
32	Northwestern Bank, National Association	7(a)	1	—	0.5%	0	new
33	American State Bank and Trust Company of Williston	7(a)	1	—	0.5%	3	-2
34	Ultima Bank Minnesota	7(a)	1	—	0.5%	0	new
35	First Community CU	7(a)	1	—	0.5%	3	-2

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2019	Change
1	Cass County	89	$28.4M	40.8%	68	+21
2	Burleigh County	26	$7.6M	11.9%	15	+11
3	Grand Forks County	20	$6.9M	9.2%	17	+3
4	Williams County	16	$7.8M	7.3%	17	-1
5	Ward County	11	$7.8M	5.0%	8	+3
6	Morton County	10	$8.3M	4.6%	11	-1
7	Stark County	8	$5.5M	3.7%	11	-3
8	Ransom County	3	$497K	1.4%	4	-1
9	Traill County	3	$654K	1.4%	4	-1
10	Pierce County	3	$1.3M	1.4%	0	new
11	Walsh County	3	$1.5M	1.4%	0	new
12	Oliver County	3	$542K	1.4%	1	+2
13	Barnes County	3	$907K	1.4%	0	new
14	Mercer County	3	$876K	1.4%	1	+2
15	Mountrail County	3	$1.7M	1.4%	2	+1
16	Richland County	2	—	0.9%	1	+1
17	Stutsman County	2	—	0.9%	5	-3
18	Dunn County	2	—	0.9%	0	new
19	Rolette County	1	—	0.5%	0	new
20	Pembina County	1	—	0.5%	0	new
21	McKenzie County	1	—	0.5%	5	-4
22	Foster County	1	—	0.5%	0	new
23	Steele County	1	—	0.5%	0	new
24	Divide County	1	—	0.5%	0	new
25	Emmons County	1	—	0.5%	0	new
26	Sargent County	1	—	0.5%	0	new

FY2020 against FY2019

North Dakota	FY2020	FY2019
7(a) approvals	140	125
7(a) dollars	$43.3M	$40.9M
Median 7(a) approval	$150K	$150K
504 approvals	78	59
504 dollars	$45.2M	$35.6M
Jobs supported, as reported	1,738	1,612

Questions and answers

Which lenders made the most SBA loans in North Dakota in FY2020?

Dakota Business Lending (40), Aspire Bank (25), Lake Agassiz Certified Development Company (22), Lewis & Clark Certified Development Company (15), Bank Forward (14). 35 lenders had at least one approval.

How many SBA loans were approved in North Dakota in FY2020?

218: 140 under 7(a) worth $43.3M and 78 under 504 worth $45.2M.

Which North Dakota counties had the most SBA approvals in FY2020?

Cass County (89), Burleigh County (26), Grand Forks County (20), Williams County (16), Ward County (11).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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