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Alerus Financial, National Association — SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Alerus Financial National Association.

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OverviewRecent loansIndustriesGeography7(a) vs 504
Total SBA loans
949
2010 – 2025
Approved $
$554.8M
across all programs
Avg loan size
$585K
median $263K
Top industry
Full-Service Restaurants
39 loans · 4%

7(a) vs 504

BY APPROVAL COUNT
7(a) · 100%
SBA 7(a)
Loans
949
Approved
$554.8M
Avg size
$585K
Range
$8K – $5.0M
SBA 504
Loans
0
Approved
$0
Avg size
$0
Range
—

Top industries funded

See all industries
Full-Service Restaurants
39
Gasoline Stations with Convenience Stores
24
Hotels (except Casino Hotels) and Motels
22
Homes for the Elderly
21
Beauty Salons
19
Offices of Chiropractors
19
Loan records · Alerus Financial, National Association
Showing largest 500 of 949 records
Sort:
Swingen Construction Company
Grand Forks, ND · 58203
$5,000,000
7(a)
Alerus Financial, National Association$161K/job · 2025-04-25
Durham Regional Landfill, LLC
San Jose, CA · 95120
$5,000,000
7(a)
Alerus Financial, National Association$500K/job · 2014-08-05
Desert Ridge Hotel Properties, LLC
Phoenix, AZ · 85050
$5,000,000
7(a)
Alerus Financial, National Association$167K/job · 2012-04-04
Firebird Investment Co. LLC
Tempe, AZ · 85281
$5,000,000
7(a)
Alerus Financial, National Association$20K/job · 2015-01-09
Sterling Pointe Senior Living LLC
Princeton, MN · 55371
$5,000,000
7(a)
Alerus Financial, National Association$152K/job · 2010-10-20
Tempe Lodging LLC
Tempe, AZ · 85281
$5,000,000
7(a)
Alerus Financial, National Association$227K/job · 2015-05-11
Globe HI LLC
Globe, AZ · 85501
$5,000,000
7(a)
Alerus Financial, National Association$167K/job · 2013-06-13
State Supply Co., Inc.
Minneapolis, MN · 55421
$4,525,000
7(a)
Alerus Financial, National Association$181K/job · 2025-09-08
JK Communications and Construction, Inc.
Tempe, AZ · 85281
$4,525,000
7(a)
Alerus Financial, National Association$75K/job · 2023-09-23
3321 Group, LLC
Scottsdale, AZ · 85260
$4,500,000
7(a)
Alerus Financial, National Association$563K/job · 2021-06-02
AvAir, LLC
Chandler, AZ · 85226
$4,275,000
7(a)
Alerus Financial, National Association$225K/job · 2011-03-08
SHREE SAHAJANAND LLC.
Shakopee, MN · 55379
$4,250,000
7(a)
Alerus Financial, National Association$283K/job · 2016-12-01
Advance Construction Group LLC
Saint Paul, MN · 55117
$4,000,000
7(a)
Alerus Financial, National Association$80K/job · 2022-11-30
Global Medical Equipment, Inc.
Phoenix, AZ · 85027
$3,929,500
7(a)
Alerus Financial, National Association$3.9M/job · 2012-06-18
Bismarck Custard 823 LLC
Bismarck, ND · 58503
$3,909,800
7(a)
Alerus Financial, National Association$126K/job · 2022-05-23
PINAL HOTEL AZ I LLC
Scottsdale, AZ · 85251
$3,879,200
7(a)
Alerus Financial, National Association$97K/job · 2011-03-11
Detoxify II LLC
Scottsdale, AZ · 85258
$3,870,000
7(a)
Alerus Financial, National Association$215K/job · 2013-11-04
Nygaard Family Funeral Homes, Inc.
Grand Forks, ND · 58201
$3,633,000
7(a)
Alerus Financial, National Association$260K/job · 2023-09-28
Hughes Sand & Gravel, LLC
Tucson, AZ · 85706
$3,631,000
7(a)
Alerus Financial, National Association$76K/job · 2015-03-03
Desert Gardens ED LLC
Phoenix, AZ · 85007
$3,435,000
7(a)
Alerus Financial, National Association$344K/job · 2025-08-26
Page Investment, LLC
Saint George, UT · 84790
$3,349,000
7(a)
Alerus Financial, National Association$837K/job · 2012-01-26
Travel Midwest LLC
Keokuk, IA · 52632
$3,230,000
7(a)
Alerus Financial, National Association$179K/job · 2018-06-13
Master Technology Group, Inc.
Eden Prairie, MN · 55344
$3,220,000
7(a)
Alerus Financial, National Association$25K/job · 2015-02-12
ONE Athletics LLC
Rochester, MN · 55904
$3,215,500
7(a)
Alerus Financial, National Association$124K/job · 2025-04-09
TMI Acquisition Corp
Eden Prairie, MN · 55344
$3,200,000
7(a)
Alerus Financial, National Association$82K/job · 2021-07-29
1–25 of 500 (largest 500 of 949)
Page 1 of 20
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Where Alerus Financial, National Association lends

APPROVAL CONCENTRATION
TOP STATES
MN
376
AZ
258
ND
253
WI
27
IA
9