How many SBA lenders are in North Dakota?

There are 10 SBA-approved lenders headquartered in North Dakota, plus 8 more lenders headquartered out-of-state that actively fund North Dakota borrowers. North Dakota HQ lenders have collectively originated $1.9B in SBA loan volume.

Can an out-of-state SBA lender fund my North Dakota business?

Yes. SBA loans are not state-restricted. PeerSense tracks 8 out-of-state SBA lenders with active North Dakota loan portfolios. National banks, multi-state regionals, and SBA preferred lenders frequently outperform local-only banks on rate, term, and speed-to-close.

How do I find an SBA lender in North Dakota for my business?

Tell PeerSense about your deal at peersense.com/book-a-call. Within one business day we match you to the North Dakota lender (HQ or out-of-state) most likely to fund your industry, loan size, and structure. Free consultation. Referral fee paid by the lender at closing.

SBA Lenders in North Dakota

Q: Who are the top SBA lenders in North Dakota?

Ranked by North Dakota-specific SBA volume, the top lenders include Alerus Financial, National Association, Choice Financial Group, Bell Bank. PeerSense ranks each by activity, average loan size, and North Dakota deal-flow specialization.

10 SBA-approved lenders headquartered in North Dakota (ND) plus 8 more that actively fund North Dakota borrowers. Tell us about your deal and we'll match you with the right capital source.

Quick Answer

Who are the top SBA lenders in North Dakota?

PeerSense tracks 10 SBA-approved lenders headquartered in North Dakota (ND), plus 8 out-of-state lenders that actively fund North Dakota borrowers. Top by North Dakota-specific volume: Alerus Financial, National Association, Choice Financial Group, Bell Bank. North Dakota HQ lenders have collectively originated $1.9B in SBA volume.

— PeerSense Capital Advisory · Westfield IN · Updated May 16, 2026

ND HQ Lenders

Out-of-State Funders

$1.9B

Total SBA Volume

Free

Initial Consultation

Top SBA Lenders Headquartered in North Dakota

Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.

Lender	State	Activity	Profile
Choice Financial Group	ND	High Volume	View Profile →
Bravera Bank	ND	High Volume	View Profile →
Alerus Financial, National Association	ND	Active	View Profile →
Bell Bank	ND	Active	View Profile →
Cornerstone Bank	ND	Active	View Profile →
First Western Bank & Trust	ND	Active	View Profile →
Starion Bank	ND	Active	View Profile →
Border Bank	ND	Active	View Profile →
First International Bank & Trust	ND	Active	View Profile →
Western State Bank	ND	Active	View Profile →

Out-of-State Lenders Actively Funding North Dakota Borrowers

National banks and multi-state regionals frequently fund North Dakota deals at competitive rates — often with faster underwriting than local-only banks. Ranked by North Dakota-specific SBA volume.

BNC National Bank

HQ AZ · 9 ND loans · $4.3M ND volume

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Frandsen Bank and Trust

HQ MN · 10 ND loans · $1.9M ND volume

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First United Bank

HQ TX · 7 ND loans · $1.2M ND volume

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OptimumBank

HQ FL · 1 ND loans · $980K ND volume

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Midwest Bank

HQ NE · 2 ND loans · $265K ND volume

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Peoples State Bank

HQ WI · 2 ND loans · $185K ND volume

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The First National Bank of Tom Bean

HQ TX · 1 ND loans · $150K ND volume

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Dacotah Bank

HQ SD · 1 ND loans · $121K ND volume

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Looking for an SBA Lender in North Dakota?

PeerSense matches your deal with the right capital source from our network of 10+ North Dakota lenders and hundreds more nationwide. No retainers — referral fee established upfront and paid at closing.

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SBA Lending in North Dakota

North Dakota is home to 10 SBA-approved lenders that have collectively originated $1.9B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.

Whether you're acquiring a business in North Dakota, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.

How PeerSense Helps North Dakota Borrowers

We're a commercial lending advisory firm headquartered in Westfield, Indiana — not a lender. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients receive their first lender introduction within one business day.