SBA by industry · ND
SBA lenders for manufacturers in North Dakota
13 lenders made 21 SBA loans to manufacturers in North Dakota in the 36 months ending September 30, 2026. Choice Financial Group made the most, with 4. The typical loan was about $600K.
- Evidence
- SBA 7(a) and 504 loans to manufacturers in North Dakota, NAICS 31 to 33
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 13
- SBA FOIA,
- SBA loans, 36 months
- 21
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $23.7M
- SBA FOIA,
- Last 12 months
- 7
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for manufacturers in North Dakota, https://lender.report/sba-lenders-for/manufacturing/north-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Choice Financial Group SBA 7(a) record | Bank | Fargo, ND | 4 | $4.15M | 4 | 0 | 1 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 2 | $2.61M | 2 | 0 | 2 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 2 | $2.15M | 2 | 0 | 0 |
| Dacotah Bank SBA 7(a) record | Bank | Aberdeen, SD | 2 | $1.18M | 2 | 0 | 1 |
| First State Bank & Trust SBA 504 record | Bank | Williston, ND | 2 | $720K | 0 | 2 | 1 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 2 | $235K | 2 | 0 | 0 |
| First International Bank & Trust | Bank | Watford City, ND | 1 | $4.60M | 1 | 0 | 0 |
| First Western Bank & Trust SBA 504 record | Bank | Minot, ND | 1 | $3.60M | 0 | 1 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 1 | $1.80M | 1 | 0 | 0 |
| BankNorth | Bank | Arthur, ND | 1 | $1.20M | 0 | 1 | 0 |
| Starion Bank | Bank | Bismarck, ND | 1 | $780K | 0 | 1 | 0 |
| First United Bank | Bank | Park River, ND | 1 | $610K | 0 | 1 | 0 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 1 | $15.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Commercial Printing (except Screen and Books) | 4 |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 |
| Dental Laboratories | 2 |
| All Other Miscellaneous Manufacturing | 1 |
| All Other Miscellaneous Wood Product Manufacturing | 1 |
| Apparel Accessories and Other Apparel Manufacturing | 1 |
| Cutting Tool and Machine Tool Accessory Manufacturing | 1 |
| Doll, Toy, and Game Manufacturing | 1 |
| Other Concrete Product Manufacturing | 1 |
| Precision Turned Product Manufacturing | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 4 |
| $150K to $350K | 5 |
| $350K to $1M | 4 |
| $1M to $2.5M | 4 |
| $2.5M or more | 4 |
- SBA lenders recorded 21 loans to manufacturers totaling $23.7M in North Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $600K, with the middle half between $150K and $1.8M. SBA FOIA,
- 15 were SBA 7(a) loans and 6 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 8.50% on 15 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 20 of the loans, credit unions 0, and non-banks 1. SBA FOIA,
- The five most active lenders made 57.1% of the loans. SBA FOIA,
- The three most active lenders were Choice Financial Group with 4, BayFirst National Bank with 2, and Dacotah Bank with 2. SBA FOIA,
- 4 of the loans were under $150K, and 8 were $1M or more. SBA FOIA,
- The SBA file shows 7 approvals of these loans dated in the 12 months to September 30, 2026, versus 13 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 7 of the 13 lenders are based in North Dakota. The rest are based elsewhere, most often in South Dakota, Florida and Indiana. SBA FOIA,
- The most common detailed industry in North Dakota was Commercial Printing (except Screen and Books), with 4 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to manufacturers in North Dakota
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in North Dakota, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 31 to 33.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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
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.