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11 active SBA 7(a) lenders in North Dakota, ranked by loan volume.
Lenders
in North Dakota
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | 8 | $20.0M | P+2.00% | 0.0% |
| 2 | First Internet Bank of Indiana | 4 | $9.9M | P+2.75% | 1.7% |
| 3 | Dakota Western Bank | 3 | $416K | P+0.00% | 0.0% |
| 4 | Bridgewater Bank | 3 | $2.4M | P+1.00% | 0.0% |
| 5 | Bank of Hope | 2 | $5.7M | P+1.50% | 2.1% |
| 6 | Wallis Bank | 2 | $1.4M | P+1.50% | 1.3% |
| 7 | First State Bank | 1 | $1.9M | P+0.00% | 0.0% |
| 8 | Platinum Bank | 1 | $967K | P+2.75% | 0.0% |
| 9 | Dacotah Bank | 1 | $1.4M | P+0.00% | 0.0% |
| 10 | Cornerstone Bank | 1 | $523K | P+0.00% | 0.0% |
| 11 | First Community CU | 1 | $4.5M | P+0.00% | 0.0% |
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Customize your search →North Dakota has 11 active SBA 7(a) acquisition lenders that have originated a combined 27 loans totaling $49.0M in volume. The median acquisition loan size in North Dakota is $994K, with a median interest rate of Prime + 1.75% (Prime + spread).
When evaluating SBA lenders in North Dakota, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 11 active SBA 7(a) lenders in North Dakota based on FOIA lending data. These lenders have originated 27 acquisition loans.
The median SBA 7(a) acquisition loan rate in North Dakota is Prime + 1.75% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.