States › North Dakota › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in North Dakota, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 188 loans in North Dakota: 132 under 7(a) and 56 under 504, worth $146M.
That is up 9% on FY2024, when there were 172 approvals worth $78.0M.
North Dakota accounted for 0.2% of the 84,840 approvals nationwide that year. 50 lenders had at least one approval in the state; Dakota Business Lending had the most, 26.
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 FY2025, of 50 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Dakota Business Lending | 504 | 26 | $23.6M | 13.8% | 29 | -3 |
| 2 | Lewis & Clark Certified Development Company | 504 | 13 | $9.5M | 6.9% | 6 | +7 |
| 3 | U.S. Bank, National Association | 7(a) | 13 | $3.8M | 6.9% | 11 | +2 |
| 4 | Lake Agassiz Certified Development Company | 504 | 11 | $6.1M | 5.9% | 5 | +6 |
| 5 | Old National Bank | 7(a) | 10 | $10.3M | 5.3% | 7 | +3 |
| 6 | Town and Country CU | 7(a) | 10 | $2.1M | 5.3% | 10 | 0 |
| 7 | Wallis Bank | 7(a) | 8 | $5.7M | 4.3% | 3 | +5 |
| 8 | Choice Financial Group | 7(a) | 8 | $2.9M | 4.3% | 7 | +1 |
| 9 | Northeast Bank | 7(a) | 7 | $1.7M | 3.7% | 6 | +1 |
| 10 | Bravera Bank | 7(a) | 7 | $623K | 3.7% | 11 | -4 |
| 11 | Readycap Lending, LLC | 7(a) | 5 | $11.1M | 2.7% | 3 | +2 |
| 12 | Midwest Business Finance Corporation | 504 | 5 | $6.5M | 2.7% | 9 | -4 |
| 13 | Newtek Bank, National Association | 7(a) | 4 | $1.6M | 2.1% | 2 | +2 |
| 14 | First Western Bank & Trust | 7(a) | 4 | $979K | 2.1% | 4 | 0 |
| 15 | Bell Bank | 7(a) | 4 | $626K | 2.1% | 4 | 0 |
| 16 | First Internet Bank of Indiana | 7(a) | 3 | $5.1M | 1.6% | 0 | new |
| 17 | Dacotah Bank | 7(a) | 3 | $2.6M | 1.6% | 2 | +1 |
| 18 | Cornerstone Bank | 7(a) | 3 | $1.9M | 1.6% | 0 | new |
| 19 | North Star Community Credit Union | 7(a) | 3 | $155K | 1.6% | 2 | +1 |
| 20 | Wells Fargo Bank National Association | 7(a) | 3 | $45K | 1.6% | 4 | -1 |
| 21 | First Bank of the Lake | 7(a) | 2 | — | 1.1% | 0 | new |
| 22 | Alerus Financial, National Association | 7(a) | 2 | — | 1.1% | 3 | -1 |
| 23 | First State Bank | 7(a) | 2 | — | 1.1% | 1 | +1 |
| 24 | First State Bank & Trust | 7(a) | 2 | — | 1.1% | 0 | new |
| 25 | Frandsen Bank and Trust | 7(a) | 2 | — | 1.1% | 0 | new |
| 26 | Dakota Western Bank | 7(a) | 2 | — | 1.1% | 0 | new |
| 27 | Aspire Bank | 7(a) | 2 | — | 1.1% | 6 | -4 |
| 28 | Hometown Credit Union | 7(a) | 2 | — | 1.1% | 0 | new |
| 29 | Open Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | First International Bank and Trust | 7(a) | 1 | — | 0.5% | 0 | new |
| 31 | First Community CU | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | Port 51 Lending LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 33 | Bank of Hope | 7(a) | 1 | — | 0.5% | 0 | new |
| 34 | BNC National Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 35 | Glenwood State Bank Incorporated | 7(a) | 1 | — | 0.5% | 0 | new |
| 36 | OptimumBank | 7(a) | 1 | — | 0.5% | 0 | new |
| 37 | Platinum Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 38 | Bridgewater Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 39 | State Bank of Bottineau | 7(a) | 1 | — | 0.5% | 0 | new |
| 40 | Pathward National Association | 7(a) | 1 | — | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Cass County | 78 | $58.6M | 41.5% | 70 | +8 |
| 2 | Burleigh County | 19 | $23.7M | 10.1% | 22 | -3 |
| 3 | Williams County | 16 | $11.4M | 8.5% | 10 | +6 |
| 4 | Ward County | 12 | $3.7M | 6.4% | 17 | -5 |
| 5 | Grand Forks County | 11 | $12.2M | 5.9% | 10 | +1 |
| 6 | Stark County | 8 | $5.3M | 4.3% | 10 | -2 |
| 7 | Ramsey County | 6 | $2.9M | 3.2% | 2 | +4 |
| 8 | Stutsman County | 5 | $5.5M | 2.7% | 9 | -4 |
| 9 | Mountrail County | 5 | $9.1M | 2.7% | 2 | +3 |
| 10 | Morton County | 4 | $2.0M | 2.1% | 4 | 0 |
| 11 | McKenzie County | 4 | $4.3M | 2.1% | 2 | +2 |
| 12 | Traill County | 3 | $260K | 1.6% | 0 | new |
| 13 | Dunn County | 3 | $3.5M | 1.6% | 0 | new |
| 14 | Mercer County | 3 | $262K | 1.6% | 2 | +1 |
| 15 | Emmons County | 2 | — | 1.1% | 0 | new |
| 16 | Sargent County | 2 | — | 1.1% | 0 | new |
| 17 | Adams County | 2 | — | 1.1% | 0 | new |
| 18 | Rolette County | 1 | — | 0.5% | 0 | new |
| 19 | Pembina County | 1 | — | 0.5% | 1 | 0 |
| 20 | Barnes County | 1 | — | 0.5% | 2 | -1 |
| 21 | Divide County | 1 | — | 0.5% | 0 | new |
| 22 | Hettinger County | 1 | — | 0.5% | 0 | new |
FY2025 against FY2024
| North Dakota | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 132 | 123 |
| 7(a) dollars | $101M | $41.3M |
| Median 7(a) approval | $228K | $150K |
| 504 approvals | 56 | 49 |
| 504 dollars | $45.8M | $36.7M |
| Jobs supported, as reported | 1,836 | 1,578 |
Questions and answers
Which lenders made the most SBA loans in North Dakota in FY2025?
Dakota Business Lending (26), Lewis & Clark Certified Development Company (13), U.S. Bank, National Association (13), Lake Agassiz Certified Development Company (11), Old National Bank (10). 50 lenders had at least one approval.
How many SBA loans were approved in North Dakota in FY2025?
188: 132 under 7(a) worth $101M and 56 under 504 worth $45.8M.
Which North Dakota counties had the most SBA approvals in FY2025?
Cass County (78), Burleigh County (19), Williams County (16), Ward County (12), Grand Forks County (11).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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