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Alerus Financial, National Association

GRAND FORKS, ND 58201

⭐ SBA Preferred Lender
214
Loans Approved
$183.7M
Total Volume
$859K
Avg Loan Size
10
States Served

States Served

ArizonaCaliforniaColoradoIowaIllinoisMinnesotaNorth DakotaTennesseeUtahWisconsin

Top Industries Financed

  • Beauty Salons
  • Limited-Service Restaurants
  • Gasoline Stations with Convenience Stores
  • Homes for the Elderly
  • Other Personal Care Services

About Alerus Financial, National Association

Alerus Financial, National Association is an SBA-approved lender headquartered in GRAND FORKS, North Dakota. Since 2020, they have approved 214 SBA 7(a) loans totaling $183.7M, with an average loan size of $859K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 10 states.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days