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A number of North Dakota-based banks were among the largest lenders to “The Peace Garden State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in North Dakota:
Most active SBA banks near me in North Dakota
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 24 | $99,842 | 8.3% |
| 2 | VisionBank | Fargo, ND | 14 | $114,693 | 6.7% |
| 3 | Bremer Bank | Saint Paul, MN | 11 | $312,982 | 7.2% |
| 4 | Choice Financial Group | Fargo, ND | 10 | $648,470 | 7.1% |
| 5 | Capital CU | Bismarck, ND | 10 | $83,760 | 6.5% |
| 6 | Aspire Financial | Fargo, ND | 8 | $248,750 | 6.1% |
| 7 | Bank of Glen Ullin | Glen Ullin, ND | 7 | $329,286 | 6.5% |
| 8 | Wells Fargo | Sioux Falls, SD | 5 | $738,700 | 6.8% |
| 9 | Stearns Bank | Saint Cloud, MN | 4 | $1,603,250 | 7.7% |
| 10 | Red River State Bank | Halstad, MN | 4 | $103,550 | 6.7% |
| 11 | First Community CU | Jamestown, ND | 3 | $271,667 | 6.8% |
| 12 | Town and Country CU | Minot, ND | 3 | $88,200 | 9.4% |
North Dakota PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Gate City Bank | 1,076 |
| 2 | First International Bank & Trust | 1,040 |
| 3 | Bremer Bank | 1,020 |
| 4 | Bell Bank | 950 |
| 5 | Choice Financial Group | 817 |
| 6 | Bank Forward | 621 |
| 7 | AgCountry Farm Credit Service | 534 |
| 8 | Dakota Community Bank & Trust | 533 |
| 9 | American Bank Center | 530 |
| 10 | Cornerstone Bank | 428 |
North Dakota PPP lenders (loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | First International Bank & Trust | 251 |
| 2 | Bell Bank | 225 |
| 3 | Bremer Bank | 187 |
| 4 | Alerus Financial | 103 |
| 5 | Choice Financial Group | 99 |
| 6 | Cornerstone Bank | 98 |
| 7 | American Bank Center | 94 |
| 8 | Starion Bank | 74 |
| 9 | BNC National Bank | 68 |
| 10 | Dakota Community Bank & Trust | 58 |
Note: North Dakota PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.