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SBA lenders in Fargo, ND

SBA 7(a) and 504 loans to businesses in Fargo (Cass County), October 2021 to June 30, 2026 · Updated October 15, 2026
268
SBA loans approved
$135.2M
Total approved
$250,000
Median loan
48
Lenders active
37%
To startups

268 SBA loans worth $135.2M went to businesses in Fargo, ND between October 2021 and June 2026, from 48 lenders. Bravera Bank made the most, 37 loans. The median loan was $250,000, compared with $258,000 across North Dakota, and retail was the most financed industry.

Most active SBA lenders in Fargo

#LenderLoansApprovedMedian loanTo startups
1Bravera Bank
Bank · Dickinson, ND
37$4.4M$50,00030%
2Dakota Business Lending
Certified development company · Fargo, ND
29$22.5M$506,00014%
3Lake Agassiz Certified Development
Certified development company · Fargo, ND
21$15.4M$645,00010%
4Old National Bank
Bank · Evansville, IN
18$11.0M$448,00050%
5Choice Financial Group
Bank · Fargo, ND
15$5.4M$250,00040%
6Starion Bank
Bank · Bismarck, ND
15$1.9M$100,00087%
7Aspire Bank
Bank · Fargo, ND
14$6.8M$212,50029%
8Midwest Business Finance
Certified development company · St. Cloud, MN
13$14.0M$629,00015%
9Town and Country CU
Credit union · Minot, ND
13$3.4M$200,00046%
10Bell Bank
Bank · Fargo, ND
11$3.1M$200,00045%
11Cornerstone Bank
Bank · Fargo, ND
7$3.7M$400,00043%
12First Western Bank & Trust
Bank · Minot, ND
7$3.3M$350,00071%
13U.S. Bank
Bank · Cincinnati, OH
6$544K$25,00067%
14Alerus Financial
Bank · Grand Forks, ND
5$4.7M$307,50040%
15Huntington National Bank
Bank · Columbus, OH
5$1.1M$264,00080%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Fargo. For 504 loans the lender shown is the certified development company.

What gets financed in Fargo

IndustryLoansShareMedian loanMost active lender
Retail42
16%
$250,000Dakota Business Lending
Construction36
13%
$200,000Bravera Bank
Other services (repair, personal care)34
13%
$300,000Bell Bank
Professional and technical services30
11%
$191,500Starion Bank
Health care and social assistance27
10%
$275,000Old National Bank
Restaurants and hotels21
8%
$547,000Old National Bank
Manufacturing19
7%
$514,000Choice Financial Group
Administrative and support services17
6%
$140,300Bravera Bank
Loan size mix
  • Under $150,00032%
  • $150,000 to $500,00038%
  • $500,000 to $2 million24%
  • $2 million and up5%
Compared with North Dakota
Median loan, Fargo
$250,000
Median loan, North Dakota
$258,000
Startup share, Fargo
37%
Startup share, North Dakota
34%
Share of state's SBA loans
34.1%

SBA loans per fiscal year in Fargo

0306090FY14: 59 loansFY14FY15: 52 loansFY15FY16: 62 loansFY16FY17: 68 loansFY17FY18: 62 loansFY18FY19: 50 loansFY19FY20: 54 loansFY20FY21: 83 loansFY2183FY22: 63 loansFY22FY23: 52 loansFY23FY24: 55 loansFY24FY25: 68 loansFY25FY26 (Oct to Jun): 30 loansFY2630
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
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.