SBA loans in North Dakota, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 272 loans in North Dakota: 176 under 7(a) and 96 under 504, worth $148M.

That is up 25% on FY2020, when there were 218 approvals worth $88.5M.

North Dakota accounted for 0.4% of the 61,532 approvals nationwide that year. 52 lenders had at least one approval in the state; Dakota Business Lending had the most, 48.

272approvalsFY2020: 218

$148Mdollars approvedFY2020: $88.5M

$207Kmedian 7(a) approvalFY2020: $150K

52lenders with an approval

2,562jobs 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 FY2021, of 52 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	Dakota Business Lending	504	48	$33.2M	17.6%	40	+8
2	Lake Agassiz Certified Development Company	504	32	$21.1M	11.8%	22	+10
3	First Western Bank & Trust	7(a)	30	$8.0M	11.0%	10	+20
4	Aspire Bank	7(a)	15	$2.9M	5.5%	25	-10
5	Bravera Bank	7(a)	15	$2.6M	5.5%	10	+5
6	Old National Bank	7(a)	14	$10.3M	5.1%	11	+3
7	Lewis & Clark Certified Development Company	504	12	$6.7M	4.4%	15	-3
8	Red River State Bank	7(a)	11	$14.5M	4.0%	7	+4
9	U.S. Bank, National Association	7(a)	9	$505K	3.3%	12	-3
10	Capital Credit Union	7(a)	8	$1.9M	2.9%	4	+4
11	Alerus Financial, National Association	7(a)	7	$3.1M	2.6%	0	new
12	Starion Bank	7(a)	7	$1.7M	2.6%	2	+5
13	Frandsen Bank and Trust	7(a)	6	$8.0M	2.2%	1	+5
14	Newtek Small Business Finance, Inc.	7(a)	4	$2.8M	1.5%	1	+3
15	Ultima Bank Minnesota	7(a)	4	$1.9M	1.5%	1	+3
16	Bank Forward	7(a)	3	$1.6M	1.1%	14	-11
17	Midwest Business Finance Corporation	504	3	$1.4M	1.1%	1	+2
18	First State Bank & Trust	7(a)	3	$1.0M	1.1%	3	0
19	Bell Bank	7(a)	3	$649K	1.1%	1	+2
20	Unison Bank	7(a)	2	—	0.7%	0	new
21	Horizon Financial Bank	7(a)	2	—	0.7%	0	new
22	First International Bank and Trust	7(a)	2	—	0.7%	2	0
23	American State Bank and Trust Company of Williston	7(a)	2	—	0.7%	1	+1
24	Town and Country CU	7(a)	2	—	0.7%	6	-4
25	First United Bank	7(a)	1	—	0.4%	0	new
26	Shoreham Bank	7(a)	1	—	0.4%	0	new
27	Centerstone SBA Lending, Inc.	7(a)	1	—	0.4%	0	new
28	CIBM Bank	7(a)	1	—	0.4%	0	new
29	Vantage Bank	7(a)	1	—	0.4%	0	new
30	Ameris Bank	7(a)	1	—	0.4%	0	new
31	Meridian Bank	7(a)	1	—	0.4%	0	new
32	BankVista	7(a)	1	—	0.4%	0	new
33	Central Minnesota Development Company	504	1	—	0.4%	0	new
34	First Merchants Bank	7(a)	1	—	0.4%	0	new
35	Live Oak Banking Company	7(a)	1	—	0.4%	0	new
36	The Citizens National Bank of Park Rapids	7(a)	1	—	0.4%	0	new
37	Columbia Bank	7(a)	1	—	0.4%	0	new
38	Merchants Bank	7(a)	1	—	0.4%	0	new
39	Stockman Bank of Montana	7(a)	1	—	0.4%	0	new
40	Northwestern Bank, National Association	7(a)	1	—	0.4%	1	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Cass County	115	$61.0M	42.3%	89	+26
2	Burleigh County	39	$15.0M	14.3%	26	+13
3	Grand Forks County	24	$15.5M	8.8%	20	+4
4	Williams County	18	$6.5M	6.6%	16	+2
5	Ward County	14	$5.1M	5.1%	11	+3
6	Morton County	10	$2.2M	3.7%	10	0
7	Walsh County	7	$11.2M	2.6%	3	+4
8	McKenzie County	6	$1.6M	2.2%	1	+5
9	Stutsman County	6	$6.7M	2.2%	2	+4
10	Bottineau County	5	$6.7M	1.8%	0	new
11	Stark County	4	$3.6M	1.5%	8	-4
12	Traill County	3	$451K	1.1%	3	0
13	Mountrail County	3	$1.7M	1.1%	3	0
14	McLean County	2	—	0.7%	0	new
15	Dickey County	2	—	0.7%	0	new
16	Pierce County	1	—	0.4%	3	-2
17	Richland County	1	—	0.4%	2	-1
18	Oliver County	1	—	0.4%	3	-2
19	Barnes County	1	—	0.4%	3	-2
20	LaMoure County	1	—	0.4%	0	new
21	Foster County	1	—	0.4%	1	0
22	Billings County	1	—	0.4%	0	new
23	Sargent County	1	—	0.4%	1	0
24	Mercer County	1	—	0.4%	3	-2
25	Wells County	1	—	0.4%	0	new
26	McIntosh County	1	—	0.4%	0	new
27	Sheridan County	1	—	0.4%	0	new
28	Nelson County	1	—	0.4%	0	new
29	Hettinger County	1	—	0.4%	0	new

FY2021 against FY2020

North Dakota	FY2021	FY2020
7(a) approvals	176	140
7(a) dollars	$85.4M	$43.3M
Median 7(a) approval	$207K	$150K
504 approvals	96	78
504 dollars	$63.0M	$45.2M
Jobs supported, as reported	2,562	1,738

Questions and answers

Which lenders made the most SBA loans in North Dakota in FY2021?

Dakota Business Lending (48), Lake Agassiz Certified Development Company (32), First Western Bank & Trust (30), Aspire Bank (15), Bravera Bank (15). 52 lenders had at least one approval.

How many SBA loans were approved in North Dakota in FY2021?

272: 176 under 7(a) worth $85.4M and 96 under 504 worth $63.0M.

Which North Dakota counties had the most SBA approvals in FY2021?

Cass County (115), Burleigh County (39), Grand Forks County (24), Williams County (18), Ward County (14).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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