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SBA Loans in Grand Forks, ND

Explore recent SBA 7(a) and 504 lending activity in Grand Forks. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

Total SBA loans
737
all programs
Approved $
$210.5M
last 24 months
Avg loan
$286K
median $245K
Active lenders
49
approved here
Jobs supported
6,450
cumulative

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GRAND FORKS · 737 LOANS

Top lenders in Grand Forks

Old National Bank
190
Frandsen Bank and Trust
102
Dakota Business Lending
93
Alerus Financial, National Association
78
Wells Fargo Bank National Association
39
Bank Forward
34

Top industries in Grand Forks

Full-Service Restaurants
31
General Automotive Repair
16
Landscaping Services
16
Hotels (except Casino Hotels) and Motels
15
Child Day Care Services
14
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Loan records · Grand Forks, ND
Showing largest 500 of 737 records
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Swingen Construction Company
Grand Forks, ND · 58203
$5,000,000
7(a)
Alerus Financial, National Association$161K/job · 2025-04-25
Ideal Aerosmith, Inc.
Grand Forks, ND · 58201
$5,000,000
7(a)
Bank Forward$36K/job · 2011-05-03
Reile's Transfer & Delivery, Inc.
Grand Forks, ND · 58201
$4,088,000
504
Dakota Business Lending$256K/job · 2013-11-25
Nygaard Family Funeral Homes, Inc.
Grand Forks, ND · 58201
$3,633,000
7(a)
Alerus Financial, National Association$260K/job · 2023-09-28
Ideal Aerosmith, Inc.
Grand Forks, ND · 58203
$3,000,000
7(a)
Bank Forward$25K/job · 2012-02-22
BKN Properties, LLC
Grand Forks, ND · 58201
$2,743,800
7(a)
United Valley Bank$196K/job · 2011-05-25
Grand Forks Clinic
Grand Forks, ND · 58201
$2,675,000
504
Lake Agassiz Certified Development Company$669K/job · 2020-03-04
Peco Kid LLC
Grand Forks, ND · 58201
$2,302,000
504
Lake Agassiz Certified Development Company$52K/job · 2014-09-30
PRO AG EQUIPMENT, INC.
Grand Forks, ND · 58203
$2,286,200
7(a)
Old National Bank$95K/job · 2025-06-06
DAKOTA AIRCRAFT CORP.
Grand Forks, ND · 58201
$2,250,000
7(a)
U.S. Bank, National Association1999-06-25
JEJK, INC.
Grand Forks, ND · 58203
$2,041,500
7(a)
Old National Bank2018-10-16
NORTHERN VALLEY ELECTRICAL INC.
Grand Forks, ND · 58201
$2,000,000
7(a)
Choice Financial Group$40K/job · 2019-01-30
Howard-Johnson
Grand Forks, ND · 58201
$1,943,000
504
Dakota Business Lending$39K/job · 2012-03-22
Rhombus Guys Holdings, Incorporated
Grand Forks, ND · 58251
$1,900,000
7(a)
Old National Bank$37K/job · 2014-11-07
PDWG Properties IV, LLC
Grand Forks, ND · 58201
$1,875,000
504
Dakota Business Lending$625K/job · 2021-08-04
Arctic Blast of Grand Forks, Inc.
Grand Forks, ND · 58201
$1,806,000
7(a)
First International Bank & Trust$129K/job · 2023-01-18
ADVANCED HOSPITALITY INC
Grand Forks, ND · 58201
$1,800,000
504
Lake Agassiz Certified Development Company$56K/job · 2012-07-20
Med Flight Leasing, LLC.
Grand Forks, ND · 58203
$1,530,000
7(a)
Old National Bank$1.5M/job · 2012-09-06
Ideal Aerosmith, Inc.
Grand Forks, ND · 58201
$1,500,000
7(a)
Bank Forward$12K/job · 2013-02-06
Ideal Aerosmith, Inc.
Grand Forks, ND · 58201
$1,500,000
7(a)
Bank Forward$250K/job · 2021-09-29
Impact, LLC
Grand Forks, ND · 58201
$1,492,000
504
Lake Agassiz Certified Development Company$68K/job · 2021-01-14
MMW Holdings LLC
Grand Forks, ND · 58201
$1,400,000
7(a)
Old National Bank$1.4M/job · 2012-04-25
PRO AG EQUIPMENT, INC.
Grand Forks, ND · 58203
$1,347,000
7(a)
Old National Bank$56K/job · 2025-06-07
Paragon Pro Holdings, LLC
Grand Forks, ND · 58201
$1,266,000
504
Dakota Business Lending$158K/job · 2019-06-04
POPPLERS MUSIC STORE, INC.
Grand Forks, ND · 58203
$1,240,000
7(a)
Old National Bank$54K/job · 2007-05-03
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