States › North Dakota › FY2022
FY20221 Oct 2021 – 30 Sep 2022
SBA loans in North Dakota, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 190 loans in North Dakota: 115 under 7(a) and 75 under 504, worth $99.4M.
That is down 30% on FY2021, when there were 272 approvals worth $148M.
North Dakota accounted for 0.3% of the 56,932 approvals nationwide that year. 40 lenders had at least one approval in the state; Dakota Business Lending had the most, 41.
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 FY2022, of 40 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Dakota Business Lending | 504 | 41 | $30.0M | 21.6% | 48 | -7 |
| 2 | Bravera Bank | 7(a) | 17 | $1.8M | 8.9% | 15 | +2 |
| 3 | Lewis & Clark Certified Development Company | 504 | 14 | $9.4M | 7.4% | 12 | +2 |
| 4 | Old National Bank | 7(a) | 13 | $5.6M | 6.8% | 14 | -1 |
| 5 | Lake Agassiz Certified Development Company | 504 | 11 | $9.4M | 5.8% | 32 | -21 |
| 6 | U.S. Bank, National Association | 7(a) | 11 | $659K | 5.8% | 9 | +2 |
| 7 | Starion Bank | 7(a) | 9 | $1.5M | 4.7% | 7 | +2 |
| 8 | Midwest Business Finance Corporation | 504 | 8 | $4.3M | 4.2% | 3 | +5 |
| 9 | First Western Bank & Trust | 7(a) | 7 | $1.2M | 3.7% | 30 | -23 |
| 10 | Capital Credit Union | 7(a) | 6 | $1.2M | 3.2% | 8 | -2 |
| 11 | Choice Financial Group | 7(a) | 5 | $649K | 2.6% | 0 | new |
| 12 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $2.9M | 2.1% | 4 | 0 |
| 13 | Bank Forward | 7(a) | 4 | $985K | 2.1% | 3 | +1 |
| 14 | Alerus Financial, National Association | 7(a) | 3 | $5.3M | 1.6% | 7 | -4 |
| 15 | Union State Bank of Hazen | 7(a) | 3 | $387K | 1.6% | 0 | new |
| 16 | Aspire Bank | 7(a) | 3 | $291K | 1.6% | 15 | -12 |
| 17 | Town and Country CU | 7(a) | 3 | $270K | 1.6% | 2 | +1 |
| 18 | Commonwealth Business Bank | 7(a) | 2 | — | 1.1% | 0 | new |
| 19 | Border Bank | 7(a) | 2 | — | 1.1% | 1 | +1 |
| 20 | Bell Bank | 7(a) | 2 | — | 1.1% | 3 | -1 |
| 21 | The Huntington National Bank | 7(a) | 2 | — | 1.1% | 0 | new |
| 22 | Dacotah Bank | 7(a) | 2 | — | 1.1% | 1 | +1 |
| 23 | Bank of Hope | 7(a) | 1 | — | 0.5% | 0 | new |
| 24 | Dakota Business Finance | 504 | 1 | — | 0.5% | 0 | new |
| 25 | United Community Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 26 | Live Oak Banking Company | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 27 | KeyBank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 28 | Magnifi Financial CU | 7(a) | 1 | — | 0.5% | 0 | new |
| 29 | Stearns Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | Red River State Bank | 7(a) | 1 | — | 0.5% | 11 | -10 |
| 31 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | First Community CU | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 33 | Ultima Bank Minnesota | 7(a) | 1 | — | 0.5% | 4 | -3 |
| 34 | Merchants Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 35 | First State Bank & Trust | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 36 | The Citizens State Bank at Mohall | 7(a) | 1 | — | 0.5% | 0 | new |
| 37 | BankVista | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 38 | First International Bank and Trust | 7(a) | 1 | — | 0.5% | 2 | -1 |
| 39 | Celtic Bank Corporation | 7(a) | 1 | — | 0.5% | 0 | new |
| 40 | Horizon Financial Bank | 7(a) | 1 | — | 0.5% | 2 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Cass County | 101 | $45.7M | 53.2% | 115 | -14 |
| 2 | Burleigh County | 23 | $27.1M | 12.1% | 39 | -16 |
| 3 | Williams County | 13 | $4.9M | 6.8% | 18 | -5 |
| 4 | Grand Forks County | 9 | $3.2M | 4.7% | 24 | -15 |
| 5 | Ward County | 7 | $2.2M | 3.7% | 14 | -7 |
| 6 | Morton County | 7 | $3.8M | 3.7% | 10 | -3 |
| 7 | Richland County | 7 | $5.0M | 3.7% | 1 | +6 |
| 8 | Stark County | 7 | $1.8M | 3.7% | 4 | +3 |
| 9 | Walsh County | 3 | $1.2M | 1.6% | 7 | -4 |
| 10 | McKenzie County | 3 | $1.8M | 1.6% | 6 | -3 |
| 11 | Barnes County | 2 | — | 1.1% | 1 | +1 |
| 12 | Rolette County | 1 | — | 0.5% | 0 | new |
| 13 | Ransom County | 1 | — | 0.5% | 0 | new |
| 14 | Stutsman County | 1 | — | 0.5% | 6 | -5 |
| 15 | Steele County | 1 | — | 0.5% | 0 | new |
| 16 | Dunn County | 1 | — | 0.5% | 0 | new |
| 17 | Mercer County | 1 | — | 0.5% | 1 | 0 |
| 18 | Renville County | 1 | — | 0.5% | 0 | new |
| 19 | Adams County | 1 | — | 0.5% | 0 | new |
FY2022 against FY2021
| North Dakota | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 115 | 176 |
| 7(a) dollars | $43.9M | $85.4M |
| Median 7(a) approval | $164K | $207K |
| 504 approvals | 75 | 96 |
| 504 dollars | $55.5M | $63.0M |
| Jobs supported, as reported | 1,751 | 2,562 |
Questions and answers
Which lenders made the most SBA loans in North Dakota in FY2022?
Dakota Business Lending (41), Bravera Bank (17), Lewis & Clark Certified Development Company (14), Old National Bank (13), Lake Agassiz Certified Development Company (11). 40 lenders had at least one approval.
How many SBA loans were approved in North Dakota in FY2022?
190: 115 under 7(a) worth $43.9M and 75 under 504 worth $55.5M.
Which North Dakota counties had the most SBA approvals in FY2022?
Cass County (101), Burleigh County (23), Williams County (13), Grand Forks County (9), Ward County (7).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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