SBA Lenders in North Dakota
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.
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 October 1, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
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
Frandsen Bank and Trust
HQ MN · 10 ND loans · $1.9M ND volume
First United Bank
HQ TX · 7 ND loans · $1.2M ND volume
OptimumBank
HQ FL · 1 ND loans · $980K ND volume
Midwest Bank
HQ NE · 2 ND loans · $265K ND volume
Peoples State Bank
HQ WI · 2 ND loans · $185K ND volume
The First National Bank of Tom Bean
HQ TX · 1 ND loans · $150K ND volume
Dacotah Bank
HQ SD · 1 ND loans · $121K ND volume
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. Referral fee established upfront and paid at closing.
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. 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 hear back from a PeerSense advisor after the file is on the desk.
Talk to PeerSense about SBA capital in North Dakota.
Tell us your loan amount and use of funds. PeerSense sources capital for a North Dakota deal, local or national.
SBA 7(a) / 504: The desk will reach out. No obligation.
Other Capital Programs for North Dakota Borrowers
PeerSense covers the full commercial capital stack for North Dakota operators, beyond SBA. Compare current rates and structures.
Originator warehouse
$100M a monthFocus $100 million a month. Will look at $10 million a month. $10 million is not the focus.
Invoice Factoring
0.5–3.5% / 30dB2B invoices from $20 million a month. Advance 80 to 95 percent of face.
CMBS Conduit
5.60–7.10%10 year Non Recourse fixed, $10 million and up, fully assumable
Bridge Loans
9.00–14.00%$10 million and up. Cash in about 35 percent. Name the takeout first.
Data Center
CRS to 89%$1 billion to $30 billion plus. Signed or guaranteed hyperscaler lease.
Contracted revenue sale
Up to 89%15 year lease signed or guaranteed by a hyperscaler. Size follows the lease.
Hotel Financing
SearchHotel is search only. Public floor $10 million and up. Cash in about 35 percent.
Private Credit
7.80–18.00%Non-bank flexibility. Public CRE floor $10 million and up.
DSCR Investor
SearchSearch path. Public CRE floor $10 million and up.
Indicative only, as of September 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
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