North Dakota SBA 7(a) Lender Rankings for FY 2023

RANKLender# Loans$ AmountAverage Loan Size
1Aspire Bank (ND)5$4,848,900$969,780
2Alerus Financial, National Association (ND)4$4,092,800$1,023,200
3Choice Financial Group (ND)9$3,263,000$362,556
4First International Bank & Trust (ND)3$3,011,200$1,003,733
5Bremer Bank, National Association (MN)3$1,900,900$633,633
6Home Loan Investment Bank, F.S.B. (RI)1$1,840,000$1,840,000
7Starion Bank (ND)5$1,527,700$305,540
8First Western Bank & Trust (ND)7$1,434,600$204,943
9GBank (NV)1$1,406,900$1,406,900
10First Western SBLC, Inc (TX)1$1,067,000$1,067,000
11VISIONBank (ND)9$1,025,300$113,922
12Frandsen Bank & Trust (MN)1$895,000$895,000
13Town and Country CU (ND)4$875,000$218,750
14Equity Bank (KS)1$794,000$794,000
15Bell Bank (ND)3$699,000$233,000
16Dacotah Bank (SD)2$523,700$261,850
17Capital CU (ND)4$518,400$129,600
18Dakota Business Lending (ND)2$501,000$250,500
19Live Oak Banking Company (NC)1$500,000$500,000
20The Huntington National Bank (OH)2$443,000$221,500
21Cadence Bank (MS)2$430,000$215,000
22Wells Fargo Bank, National Association (SD)2$428,900$214,450
23Readycap Lending, LLC (NJ)1$384,000$384,000
24The Bancorp Bank National Association (SD)1$302,400$302,400
25Northeast Bank (ME)2$300,000$150,000
26Border Bank (ND)1$250,000$250,000
27Cornerstone Bank (ND)1$226,000$226,000
28Commercial Bank of Mott (ND)1$168,800$168,800
29First State Bank & Trust (ND)1$150,000$150,000
30Celtic Bank Corporation (UT)1$150,000$150,000
31First State Bank (ND)1$140,000$140,000
32U.S. Bank, National Association (OH)6$125,100$20,850
33First Community CU (ND)1$89,300$89,300

Source: Lumos Data