BlogRankingStateBest North Dakota SBA Lenders & Rates of 2026

Best North Dakota SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$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:

Rank Lender Volume Loans Avg Rate
1 Old National Bank $9.5M 7 7.85%
2 Alerus Financial, National Association $6.0M 2 8.00%
3 First Internet Bank of Indiana $5.1M 3 10.25%
4 Open Bank $5.0M 1 8.50%
5 First International Bank & Trust $4.6M 1 7.50%
6 First Community CU $4.5M 1 6.25%
7 First State Bank $3.8M 2 8.00%
8 Port 51 Lending LLC $3.6M 1 9.00%
9 Bank of Hope $2.9M 1 8.50%
10 Choice Financial Group $2.6M 6 8.00%
11 Dacotah Bank $2.6M 3 7.67%
12 First State Bank & Trust $2.1M 2 8.25%
13 Readycap Lending, LLC $1.9M 2 11.63%
14 Town and Country CU $1.7M 8 7.77%
15 First Western Bank & Trust $1.3M 5 7.40%
16 First Bank of the Lake $1.3M 1 9.50%
17 Frandsen Bank and Trust $1.2M 2 9.57%
18 Northeast Bank $1.1M 5 10.20%
19 Bell Bank $1.1M 5 9.85%
20 OptimumBank $980K 1 10.25%

🤝 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.

http://gosbaloans.com

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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