US Lender Metrics Get a Lender Match
Home › Lender directory › Choice Financial Group
Bank · Fargo, ND

Choice Financial Group: SBA lending profile

SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
183
SBA loans approved
$83.9M
Total approved
$280,000
Median loan
6
States lent in
37%
To startups
#230
National rank by loans

Choice Financial Group approved 183 SBA loans worth $83.9M between October 2021 and June 2026, ranking #230 of 2,283 SBA lenders nationally by loan count. Its median loan was $280,000, and 37% went to startups or businesses under two years old. It lent in 6 states, most often in Minnesota, and its most financed industry was manufacturing.

SBA loans per fiscal year

0306090FY14: 52 loansFY14FY15: 80 loansFY1580FY16: 66 loansFY16FY17: 64 loansFY17FY18: 66 loansFY18FY19: 52 loansFY19FY20: 31 loansFY20FY21: 34 loansFY21FY22: 40 loansFY22FY23: 48 loansFY23FY24: 53 loansFY24FY25: 28 loansFY25FY26 (Oct to Jun): 14 loansFY2614
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Choice Financial Group lends

StateLoansApprovedMedian loanRank in state
Minnesota144$67.1M$290,000#11
North Dakota30$10.2M$292,500#9
Wisconsin3$774K$214,000#154
Arizona3$4.4M$1,250,000#129
South Dakota2$1.1M$575,000#41
Colorado1$194K$194,000#244

Industries Choice Financial Group finances

IndustryLoansShareMedian loan
Manufacturing30
16%
$250,000
Restaurants and hotels24
13%
$273,000
Wholesale trade19
10%
$250,000
Arts, entertainment and recreation16
9%
$250,000
Construction14
8%
$420,000
Health care and social assistance12
7%
$366,250
Other services (repair, personal care)12
7%
$240,750
Administrative and support services9
5%
$205,000
Professional and technical services9
5%
$255,000
Retail8
4%
$145,000
Loan size mix
  • Under $150,00025%
  • $150,000 to $500,00045%
  • $500,000 to $2 million27%
  • $2 million and up3%
Loan programs used
  • Preferred Lender (PLP)67%
  • SBA Express28%
  • 7(a) WCP2%
  • Standard 7(a)1%
  • 7a with EWCP1%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.