--- title: SBA 504 Lenders in North Dakota: 42 Made Loans in 3 Years url: https://lender.report/sba-504-lenders/north-dakota/ license: https://lender.report/license/ --- SBA 504 ยท ND # SBA 504 lenders in North Dakota 42 lenders provided the first lien on at least one SBA 504 project in North Dakota in the 36 months ending September 30, 2026. First International Bank & Trust made the most, with 17 of the 146 on record. **Evidence** Lender provided the first lien on at least one SBA 504 project in North Dakota in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 12, 2026 **Lenders on record** 42 SBA FOIA, Sep 30, 2026 **First liens, 36 months** 146 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $163M SBA FOIA, Sep 30, 2026 **Approvals, last 12 months (funded or not)** 43 SBA FOIA, Sep 30, 2026 -21.8% from the prior 12 months Cite this Source: The Lender Report, SBA 504 lenders in North Dakota, https://lender.report/sba-504-lenders/north-dakota/, data as of September 30, 2026. ## Describe a deal in North Dakota See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 504 loans in North Dakota](https://lender.report/comps/?lane=sba_504&state=ND)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | First liens | Dollars | | --- | --- | --- | --- | --- | | [First International Bank & Trust](https://lender.report/lender/first-international-bank-and-trust-nd/) [SBA 504 record](https://lender.report/lender/first-international-bank-and-trust-nd/sba-504/) | Bank | Watford City, ND | 17 | $17.8M | | [Cornerstone Bank](https://lender.report/lender/cornerstone-bank-nd/) | Bank | Fargo, ND | 16 | $34.5M | | [Choice Financial Group](https://lender.report/lender/choice-financial-group-nd/) [SBA 504 record](https://lender.report/lender/choice-financial-group-nd/sba-504/) | Bank | Fargo, ND | 10 | $8.11M | | [Town and Country Credit Union](https://lender.report/lender/town-and-country-credit-union-nd/) [SBA 504 record](https://lender.report/lender/town-and-country-credit-union-nd/sba-504/) | Credit union | Minot, ND | 8 | $3.79M | | [First State Bank & Trust](https://lender.report/lender/first-state-bank-and-trust-nd/) [SBA 504 record](https://lender.report/lender/first-state-bank-and-trust-nd/sba-504/) | Bank | Williston, ND | 7 | $3.28M | | [Gate City Bank](https://lender.report/lender/gate-city-bank-nd/) [SBA 504 record](https://lender.report/lender/gate-city-bank-nd/sba-504/) | Savings | Fargo, ND | 7 | $3.09M | | [Bravera Bank](https://lender.report/lender/bravera-bank-nd/) [SBA 504 record](https://lender.report/lender/bravera-bank-nd/sba-504/) | Bank | Dickinson, ND | 6 | $7.57M | | [Dakota Community Bank & Trust, National Association](https://lender.report/lender/dakota-community-bank-and-trust-nd/) | Bank | Hebron, ND | 6 | $5.99M | | [BNC National Bank](https://lender.report/lender/bnc-national-bank-az/) [SBA 504 record](https://lender.report/lender/bnc-national-bank-az/sba-504/) | Bank | Glendale, AZ | 6 | $4.59M | | [Dacotah Bank](https://lender.report/lender/dacotah-bank-sd/) [SBA 504 record](https://lender.report/lender/dacotah-bank-sd/sba-504/) | Bank | Aberdeen, SD | 5 | $1.80M | | [Alerus Financial, National Association](https://lender.report/lender/alerus-financial-nd/) [SBA 504 record](https://lender.report/lender/alerus-financial-nd/sba-504/) | Bank | Grand Forks, ND | 4 | $7.10M | | [BankNorth](https://lender.report/lender/banknorth-nd/) | Bank | Arthur, ND | 4 | $5.00M | | [American State Bank & Trust Company of Williston](https://lender.report/lender/american-state-bank-and-trust-company-of-williston-nd/) | Bank | Williston, ND | 4 | $1.00M | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [SBA 504 record](https://lender.report/lender/old-national-bank-in/sba-504/) | Bank | Evansville, IN | 3 | $5.70M | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [SBA 504 record](https://lender.report/lender/bell-bank-nd/sba-504/) | Bank | Fargo, ND | 3 | $3.70M | | [Security First Bank of North Dakota](https://lender.report/lender/security-first-bank-of-north-dakota-nd/) | Bank | New Salem, ND | 3 | $2.60M | | [First State Bank](https://lender.report/lender/first-state-bank-nd/) | Bank | Buxton, ND | 3 | $990K | | [Unison Bank](https://lender.report/lender/unison-bank-nd/) | Bank | Jamestown, ND | 2 | $9.50M | | [KodaBank](https://lender.report/lender/kodabank-nd/) | Bank | Drayton, ND | 2 | $6.50M | | [Little Horn State Bank](https://lender.report/lender/little-horn-state-bank-mt/) [SBA 504 record](https://lender.report/lender/little-horn-state-bank-mt/sba-504/) | Bank | Hardin, MT | 2 | $4.00M | | [First Western Bank & Trust](https://lender.report/lender/first-western-bank-and-trust-nd/) [SBA 504 record](https://lender.report/lender/first-western-bank-and-trust-nd/sba-504/) | Bank | Minot, ND | 2 | $3.80M | | [Midwest Bank](https://lender.report/lender/midwest-bank-mn/) [SBA 504 record](https://lender.report/lender/midwest-bank-mn/sba-504/) | Bank | Detroit Lakes, MN | 2 | $3.10M | | [Capital Credit Union](https://lender.report/lender/capital-credit-union-nd/) | Credit union | Bismarck, ND | 2 | $2.80M | | [Starion Bank](https://lender.report/lender/starion-bank-nd/) | Bank | Bismarck, ND | 2 | $1.70M | | [Border Bank](https://lender.report/lender/border-bank-nd/) | Bank | Fargo, ND | 2 | $1.20M | SBA FOIA, Sep 30, 2026 [See all 42 SBA 504 lenders in North Dakota in Loan Comps](https://lender.report/comps/?lane=sba_504&state=ND) Dollars are first-lien amounts on SBA 504 approvals. - Lenders recorded 146 SBA 504 first liens totaling $163.5M in North Dakota in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 135 of those, credit unions 11, and non-banks 0. SBA FOIA, Sep 30, 2026 - The five most active lenders made 39.7% of North Dakota's SBA 504 first liens. SBA FOIA, Sep 30, 2026 - Cornerstone Bank recorded the most dollars in North Dakota, at $34.5M. SBA FOIA, Sep 30, 2026 - 29 of these lenders are based in North Dakota. SBA FOIA, Sep 30, 2026 - 3 lenders recorded 10 or more SBA 504 first liens in North Dakota. SBA FOIA, Sep 30, 2026 - The SBA file shows 43 SBA 504 approvals in North Dakota dated in the 12 months to September 30, 2026, versus 55 in the prior 12 months. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA, Sep 30, 2026 - The typical SBA 504 first lien in North Dakota was about $590K, with the middle half between $300K and $950K. SBA FOIA, Sep 30, 2026 - The median term in North Dakota was 25 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 504 first liens in North Dakota **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 504 projects located in North Dakota with an approval date in the 36 months ending September 30, 2026, not cancelled, that name the lender as first-lien lender. **Order** Largest first by first liens in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-504-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. An SBA 504 project pairs a first-lien lender with a Certified Development Company that funds a second lien, for owner-occupied real estate and equipment. SBA 504 figures count the first-lien lender on each SBA approval. A project marked not funded is often recent and awaiting funding. Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out. SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.