SBA Lenders in North Dakota
Top lenders ranked by real SBA lending data. See who's most active in North Dakota across deal count, loan size, and pricing.
What Borrowers Should Know
North Dakota's median 7(a) spread of P+2.35% is 40 basis points better than the national median of P+2.75%, meaning borrowers here pay roughly $4,300 less interest per $1M borrowed over a 10-year loan. This competitive pricing reflects a concentrated lender market where Dakota Business Lending controls 23.6% of all deals, creating less fragmentation and potentially more efficient underwriting.
The average deal size of $433,570 is well below the 7(a) program maximum of $5M, suggesting most North Dakota borrowers are accessing capital for working capital, equipment, or small facility expansion rather than major acquisitions. This conservative borrowing profile may indicate a rural/agricultural economy focus where smaller, frequent loans dominate over large-scale ventures.
Dakota Business Lending's dominance (568 of 2,405 deals) paired with only 106 active lenders statewide means the top 5 lenders control 70% of the SBA market. For new borrowers, this concentration could mean faster approvals through established relationships, but less negotiating power on terms compared to states with more lender competition.
Total SBA Loans
2,420
Active Lenders
102
Avg Deal Size
$428K
Total Volume
$1.0B
Top 10 Lenders in North Dakota
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Dakota Business Lending | Bank | 568 | $657K | P + 4.31%HIGH | |
| 2 | Bravera Bank | Bank | 271 | $133K | P + 2.00%GOOD | |
| 3 | Capital CU | Bank | 207 | $132K | P + 2.25%GOOD | |
| 4 | U.S. Bank, National Association | Bank | 197 | $159K | P + 2.75%AVERAGE | |
| 5 | Lake Agassiz Certified Develop | CDC/504 | 154 | $753K | — | |
| 6 | Starion Bank | Bank | 141 | $144K | P + 1.88%GOOD | |
| 7 | Lewis & Clark Certified Develo | CDC/504 | 135 | $691K | — | |
| 8 | Wells Fargo Bank National Association | Bank | 102 | $413K | P + 2.75%AVERAGE | |
| 9 | Aspire Bank | Bank | 95 | $222K | P + 1.25%COMPETITIVE | |
| 10 | Border Bank | Bank | 45 | $199K | P + 3.13%ABOVE AVG |
Top Industries in North Dakota
SBA lending activity by industry segment.