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Alerus Financial is a financial services provider offering personal, business, and wealth management solutions across banking, mortgages, lending, investment services, and retirement solutions. Headquartered in Grand Forks, North Dakota, with locations throughout the Upper Midwest and Southwest United States.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of December 31, 2025
Median
$1.0M
Average
$1.6M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Electrical Contractors and Other Wiring Installation Contractors
2
loans
$947K
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
Loans
2
Avg. Amount
$947K
Other Chemical and Allied Products Merchant Wholesalers
2
loans
$1.0M
avg. amount
Other Chemical and Allied Products Merchant Wholesalers
Loans
2
Avg. Amount
$1.0M
Automobile Driving Schools
1
loans
$85K
avg. amount
Automobile Driving Schools
Loans
1
Avg. Amount
$85K
Machine Shops
1
loans
$1.2M
avg. amount
Machine Shops
Loans
1
Avg. Amount
$1.2M
Other Personal Care Services
1
loans
$325K
avg. amount
Other Personal Care Services
Loans
1
Avg. Amount
$325K
Couriers and Express Delivery Services
1
loans
$1.2M
avg. amount
Couriers and Express Delivery Services
Loans
1
Avg. Amount
$1.2M
Funeral Homes and Funeral Services
1
loans
$3.6M
avg. amount
Funeral Homes and Funeral Services
Loans
1
Avg. Amount
$3.6M
All Other Home Furnishings Retailers
1
loans
$980K
avg. amount
All Other Home Furnishings Retailers
Loans
1
Avg. Amount
$980K
Other Accounting Services
1
loans
$411K
avg. amount
Other Accounting Services
Loans
1
Avg. Amount
$411K
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
1
loans
$2.6M
avg. amount
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Loans
1
Avg. Amount
$2.6M
10-Year Default Rate
1.8%
Percentile Ranking
88th
88th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.25% |
| $500K-$1M | Prime + 1.67% |
| $1M-$2M | Prime + 1.13% |
| $2M-$3M | Prime + 2.25% |
| $3M-$4M | Prime + 0.25% |
Spread over Prime at time of loan origination
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)