Access the Top SBA Lending for North Dakota Small Business
North Dakota State, known for its heritage and strong economy provides an ideal environment for small business development. Whether in the city of Fargo or the tranquil surroundings of Theodore Roosevelt National Park entrepreneurs are presented with chances to flourish. Through SBA lending initiatives small businesses, in North Dakota can secure financial aid to support their growth and creativity.
North Dakota
The Peace Garden State
73,822 small businesses
198,871 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of North Dakota
Between March 2021 and March 2022, 3,180 North Dakota establishments opened and 2,515 closed, for a net increase of 665. Employment expanded at 6,850 establishments and contracted at 6,260. Small businesses accounted for 2,892 openings and 2,317 closings.
Establishments in North Dakota
Employment in North Dakota
Between March 2021 and March 2022, 3,180 North Dakota establishments opened and 2,515 closed, for a net increase of 665. Employment expanded at 6,850 establishments and contracted at 6,260. Small businesses accounted for 2,892 openings and 2,317 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in North Dakota
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $571.1 million in loans to North Dakota businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $357.1 million. Total reported new lending to businesses through loans of $1 million or less was $1.4 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of North Dakota's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in North Dakota
Business Count by Demographic in North Dakota
Total North Dakota Employement by Business Size
Small Business Employment and Payroll by Industry in North Dakota
Source: Business Employment Dynamics (BLS)