SBA Lenders in North Dakota
36 active SBA lenders · 1,376 loans approved · $687.1M total volume
All SBA Lenders in North Dakota
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Choice Financial Group | FARGO | 235 | $128.4M | $547K | ⭐ |
| Bell Bank | Fargo | 224 | $162.0M | $723K | ⭐ |
| Alerus Financial, National Association | GRAND FORKS | 214 | $183.7M | $859K | ⭐ |
| Bravera Bank | Dickinson | 207 | $38.5M | $186K | — |
| First Western Bank & Trust | MINOT | 138 | $38.2M | $277K | — |
| Aspire Bank | Fargo | 68 | $17.8M | $262K | — |
| Western State Bank | DEVILS LAKE | 47 | $33.7M | $717K | — |
| Town and Country CU | MINOT | 44 | $6.7M | $152K | — |
| Starion Bank | BISMARCK | 32 | $5.5M | $170K | — |
| Capital CU | BISMARCK | 32 | $9.9M | $308K | — |
| Bank Forward | Fargo | 30 | $7.5M | $251K | — |
| First International Bank & Trust | WATFORD CITY | 13 | $9.7M | $745K | — |
| Cornerstone Bank | FARGO | 13 | $4.5M | $350K | — |
| First State Bank & Trust | Williston | 10 | $4.9M | $486K | — |
| First Community CU | JAMESTOWN | 7 | $5.5M | $788K | — |
| Union State Bank of Hazen | HAZEN | 7 | $589K | $84K | — |
| Security First Bank of North Dakota | New Salem | 7 | $1.6M | $231K | — |
| Border Bank | FARGO | 6 | $3.2M | $535K | — |
| North Star Community Credit Union | MADDOCK | 5 | $241K | $48K | — |
| The Union Bank | BEULAH | 5 | $1.4M | $286K | — |
| First State Bank | BUXTON | 4 | $4.4M | $1.1M | — |
| American State Bank and Trust Company of Williston | Williston | 3 | $369K | $123K | — |
| KodaBank | DRAYTON | 3 | $684K | $228K | — |
| Horizon Financial Bank | MUNICH | 3 | $505K | $168K | — |
| Dakota Business Lending | Fargo | 3 | $751K | $250K | — |
| Unison Bank | JAMESTOWN | 2 | $3.0M | $1.5M | — |
| First United Bank | PARK RIVER | 2 | $5.2M | $2.6M | — |
| Hometown CU | KULM | 2 | $190K | $95K | — |
| Merchants Bank | RUGBY | 2 | $568K | $284K | — |
| Dakota Western Bank | BOWMAN | 2 | $280K | $140K | — |
| State Bank of Bottineau | BOTTINEAU | 1 | $450K | $450K | — |
| Farmers & Merchants Bank of North Dakota | TOLNA | 1 | $25K | $25K | — |
| American Federal Bank | FARGO | 1 | $2.0M | $2.0M | — |
| United Valley Bank | CAVALIER | 1 | $4.8M | $4.8M | — |
| The Citizens State Bank at Mohall | Mohall | 1 | $192K | $192K | — |
| Commercial Bank of Mott | MOTT | 1 | $169K | $169K | — |
Finding an SBA Lender in North Dakota
There are currently 36 SBA-approved lenders headquartered in North Dakota, ranging from national banks to local community lenders. Together they have approved 1,376 SBA 7(a) loans totaling $687.1M since 2020.
Of these, 3 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for North Dakota
How many SBA lenders are in North Dakota?
There are currently 36 SBA-approved lenders headquartered in North Dakota. Together they have approved 1,376 SBA 7(a) loans totaling $687.1M since 2020. Of these, 3 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in North Dakota?
An SBA Preferred Lender (PLP) in North Dakota is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. North Dakota currently has 3 Preferred Lenders.
How do I choose the best SBA lender in North Dakota?
When choosing an SBA lender in North Dakota, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 36 North Dakota lenders so you can compare objectively.
How long does SBA loan approval take in North Dakota?
With an SBA Preferred Lender in North Dakota, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.