Best North Dakota SBA Lenders & Rates of 2026

Compare 41 SBA lenders in North Dakota. $70.2M funded across 105 businesses. Average rate 8.97%. Get matched free.

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Best North Dakota SBA Lenders & Rates of 2026

$70.2M
Total Funded

105
Loans Approved

$668K
Avg Loan Size

8.97%
Avg Interest Rate

41
Active Lenders

SBA Loans in North Dakota

North Dakota businesses received $70.2M in SBA 7(a) loan approvals across 105 businesses in 2025. With 41 active SBA lenders competing for business in North Dakota, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in North Dakota is $668K, with rates averaging 8.97%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in North Dakota (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to North Dakota businesses:

RankLenderVolumeLoansAvg Rate
1Old National Bank$9.5M77.85%
2Alerus Financial, National Association$6.0M28.00%
3First Internet Bank of Indiana$5.1M310.25%
4Open Bank$5.0M18.50%
5First International Bank & Trust$4.6M17.50%
6First Community CU$4.5M16.25%
7First State Bank$3.8M28.00%
8Port 51 Lending LLC$3.6M19.00%
9Bank of Hope$2.9M18.50%
10Choice Financial Group$2.6M68.00%
11Dacotah Bank$2.6M37.67%
12First State Bank & Trust$2.1M28.25%
13Readycap Lending, LLC$1.9M211.63%
14Town and Country CU$1.7M87.77%
15First Western Bank & Trust$1.3M57.40%
16First Bank of the Lake$1.3M19.50%
17Frandsen Bank and Trust$1.2M29.57%
18Northeast Bank$1.1M510.20%
19Bell Bank$1.1M59.85%
20OptimumBank$980K110.25%

🤝 How to Get an SBA Loan in North Dakota

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across North Dakota and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with North Dakota SBA Lenders

Ready to apply for an SBA loan in North Dakota? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

Picture of Ishan Jetley

Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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