Dakota Business Lending approved 227 SBA loans worth $170.1M between October 2021 and June 2026, ranking #185 of 2,283 SBA lenders nationally by loan count. Its median loan was $425,000, and 28% went to startups or businesses under two years old. It lent in 4 states, most often in North Dakota, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| North Dakota | 134 | $95.5M | $422,000 | #1 |
| Montana | 59 | $40.8M | $430,000 | #4 |
| Minnesota | 33 | $33.3M | $412,000 | #50 |
| South Dakota | 1 | $459K | $459,000 | #54 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 37 | $310,000 | |
| Restaurants and hotels | 32 | $394,500 | |
| Construction | 26 | $494,000 | |
| Retail | 26 | $263,000 | |
| Health care and social assistance | 25 | $506,000 | |
| Manufacturing | 23 | $722,000 | |
| Professional and technical services | 15 | $459,000 | |
| Real estate and rental | 7 | $661,000 | |
| Finance and insurance | 7 | $206,000 | |
| Transportation and warehousing | 6 | $343,500 |