41 SBA loans worth $30.0M went to businesses in Grand Forks, ND between October 2021 and June 2026, from 18 lenders. Old National Bank made the most, 7 loans. The median loan was $460,000, compared with $258,000 across North Dakota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Old National Bank Bank · Evansville, IN | 7 | $6.0M | $500,000 | 29% |
| 2 | Alerus Financial Bank · Grand Forks, ND | 5 | $11.2M | $1,210,000 | 0% |
| 3 | Midwest Business Finance Certified development company · St. Cloud, MN | 5 | $2.0M | $279,000 | 0% |
| 4 | First International Bank and Trust Bank · Watford City, ND | 2 | $2.8M | $1,403,000 | 100% |
| 5 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $1.5M | $740,000 | 0% |
| 6 | Wallis Bank Bank · Wallis, TX | 2 | $1.4M | $713,000 | 0% |
| 7 | Dakota Business Lending Certified development company · Fargo, ND | 2 | $1.4M | $692,500 | 0% |
| 8 | Bank Forward Bank · Fargo, ND | 2 | $800K | $400,000 | 0% |
| 9 | First State Bank Bank · Buxton, ND | 2 | $600K | $300,000 | 0% |
| 10 | Lake Agassiz Certified Development Certified development company · Fargo, ND | 2 | $577K | $288,500 | 50% |
| 11 | Choice Financial Group Bank · Fargo, ND | 2 | $462K | $231,250 | 0% |
| 12 | Northeast Bank Bank · Portland, ME | 2 | $250K | $125,000 | 0% |
| 13 | Bell Bank Bank · Fargo, ND | 1 | $499K | $499,000 | 0% |
| 14 | First United Bank Bank · Park River, ND | 1 | $249K | $248,900 | 100% |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 7 | $500,000 | Northeast Bank | |
| Retail | 7 | $500,000 | Old National Bank | |
| Professional and technical services | 6 | $532,000 | First International Bank and Trust | |
| Other services (repair, personal care) | 6 | $546,500 | Midwest Business Finance | |
| Restaurants and hotels | 5 | $196,000 | Choice Financial Group | |
| Wholesale trade | 3 | $1,347,000 | Old National Bank | |
| Health care and social assistance | 3 | $331,000 | Alerus Financial | |
| Arts, entertainment and recreation | 1 | $460,000 | First State Bank |