SBA loans in North Dakota, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 172 loans in North Dakota: 123 under 7(a) and 49 under 504, worth $78.0M.

That is up 25% on FY2023, when there were 138 approvals worth $73.2M.

North Dakota accounted for 0.2% of the 76,235 approvals nationwide that year. 36 lenders had at least one approval in the state; Dakota Business Lending had the most, 29.

172approvalsFY2023: 138

$78.0Mdollars approvedFY2023: $73.2M

$150Kmedian 7(a) approvalFY2023: $205K

36lenders with an approval

1,578jobs 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 36 lenders with the most approvals to North Dakota businesses in FY2024, of 36 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2023	Change
1	Dakota Business Lending	504	29	$17.7M	16.9%	26	+3
2	U.S. Bank, National Association	7(a)	11	$3.4M	6.4%	6	+5
3	Bravera Bank	7(a)	11	$975K	6.4%	9	+2
4	Town and Country CU	7(a)	10	$1.9M	5.8%	4	+6
5	Midwest Business Finance Corporation	504	9	$11.0M	5.2%	9	0
6	BayFirst National Bank	7(a)	8	$1.1M	4.7%	0	new
7	Old National Bank	7(a)	7	$8.2M	4.1%	3	+4
8	Choice Financial Group	7(a)	7	$2.3M	4.1%	9	-2
9	Lewis & Clark Certified Development Company	504	6	$2.6M	3.5%	6	0
10	Aspire Bank	7(a)	6	$1.3M	3.5%	5	+1
11	Northeast Bank	7(a)	6	$937K	3.5%	2	+4
12	Lake Agassiz Certified Development Company	504	5	$5.3M	2.9%	8	-3
13	United Midwest Savings Bank National Association	7(a)	4	$3.1M	2.3%	0	new
14	Bell Bank	7(a)	4	$1.8M	2.3%	3	+1
15	Security First Bank of North Dakota	7(a)	4	$956K	2.3%	0	new
16	First Western Bank & Trust	7(a)	4	$730K	2.3%	7	-3
17	Capital Credit Union	7(a)	4	$324K	2.3%	4	0
18	Wells Fargo Bank National Association	7(a)	4	$78K	2.3%	2	+2
19	Alerus Financial, National Association	7(a)	3	$4.3M	1.7%	4	-1
20	First Western SBLC, LLC	7(a)	3	$3.3M	1.7%	1	+2
21	Wallis Bank	7(a)	3	$3.2M	1.7%	0	new
22	The Huntington National Bank	7(a)	3	$644K	1.7%	4	-1
23	Readycap Lending, LLC	7(a)	3	$404K	1.7%	1	+2
24	Starion Bank	7(a)	3	$165K	1.7%	4	-1
25	Dacotah Bank	7(a)	2	—	1.2%	2	0
26	Newtek Bank, National Association	7(a)	2	—	1.2%	0	new
27	North Star Community Credit Union	7(a)	2	—	1.2%	0	new
28	First State Bank	7(a)	1	—	0.6%	1	0
29	First United Bank	7(a)	1	—	0.6%	0	new
30	Granite Bank	7(a)	1	—	0.6%	0	new
31	Heritage Bank Inc	7(a)	1	—	0.6%	0	new
32	Northwestern Bank, National Association	7(a)	1	—	0.6%	0	new
33	First Command Bank	7(a)	1	—	0.6%	0	new
34	JPMorgan Chase Bank, National Association	7(a)	1	—	0.6%	0	new
35	First Children's Finance	7(a)	1	—	0.6%	0	new
36	Union State Bank of Hazen	7(a)	1	—	0.6%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2023	Change
1	Cass County	70	$26.9M	40.7%	67	+3
2	Burleigh County	22	$9.7M	12.8%	15	+7
3	Ward County	17	$7.7M	9.9%	11	+6
4	Grand Forks County	10	$5.5M	5.8%	11	-1
5	Williams County	10	$7.5M	5.8%	6	+4
6	Stark County	10	$4.1M	5.8%	5	+5
7	Stutsman County	9	$12.5M	5.2%	0	new
8	Morton County	4	$608K	2.3%	5	-1
9	Ramsey County	2	—	1.2%	2	0
10	McKenzie County	2	—	1.2%	2	0
11	Barnes County	2	—	1.2%	2	0
12	Mercer County	2	—	1.2%	0	new
13	Wells County	2	—	1.2%	0	new
14	Mountrail County	2	—	1.2%	1	+1
15	McLean County	1	—	0.6%	0	new
16	Ransom County	1	—	0.6%	1	0
17	Pembina County	1	—	0.6%	0	new
18	Walsh County	1	—	0.6%	0	new
19	Richland County	1	—	0.6%	0	new
20	Billings County	1	—	0.6%	0	new
21	Bottineau County	1	—	0.6%	0	new
22	Kidder County	1	—	0.6%	2	-1

FY2024 against FY2023

North Dakota	FY2024	FY2023
7(a) approvals	123	89
7(a) dollars	$41.3M	$34.3M
Median 7(a) approval	$150K	$205K
504 approvals	49	49
504 dollars	$36.7M	$38.9M
Jobs supported, as reported	1,578	1,582

Questions and answers

Which lenders made the most SBA loans in North Dakota in FY2024?

Dakota Business Lending (29), U.S. Bank, National Association (11), Bravera Bank (11), Town and Country CU (10), Midwest Business Finance Corporation (9). 36 lenders had at least one approval.

How many SBA loans were approved in North Dakota in FY2024?

172: 123 under 7(a) worth $41.3M and 49 under 504 worth $36.7M.

Which North Dakota counties had the most SBA approvals in FY2024?

Cass County (70), Burleigh County (22), Ward County (17), Grand Forks County (10), Williams County (10).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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