Alerus Financial, National Association
27 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 27
- Total approved
- $40.0M
- Median loan
- $982K
- Middle half of loans
- $629K to $2.4M
- Median starting rate
- 8.75%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 24 industries and 7 states and territories. The largest industry by count was Beer, Wine, and Liquor Retailers (2 of 27 approvals). Minnesota had the highest count among recorded project locations (9).
The median approved loan was $982K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Read the five-lender comparison ↗Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 2 | 7% | $2.4M | $4.7M |
| 2 | Electrical Contractors and Other Wiring Installation Contractors | 2 | 7% | $947K | $1.9M |
| 3 | Fitness and Recreational Sports Centers | 2 | 7% | $360K | $721K |
| 4 | Highway, Street, and Bridge Construction | 1 | 4% | $5.0M | $5.0M |
| 5 | Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers | 1 | 4% | $4.5M | $4.5M |
| 6 | Assisted Living Facilities for the Elderly | 1 | 4% | $3.4M | $3.4M |
| 7 | Specialized Automotive Repair | 1 | 4% | $2.9M | $2.9M |
| 8 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 1 | 4% | $2.6M | $2.6M |
| 9 | Full-Service Restaurants | 1 | 4% | $2.5M | $2.5M |
| 10 | Hardware Retailers | 1 | 4% | $1.3M | $1.3M |
| 11 | Machine Shops | 1 | 4% | $1.2M | $1.2M |
| 12 | Offices of Mental Health Practitioners (except Physicians) | 1 | 4% | $1.2M | $1.2M |
| 13 | Couriers and Express Delivery Services | 1 | 4% | $1.2M | $1.2M |
| 14 | Fabricated Structural Metal Manufacturing | 1 | 4% | $982K | $982K |
| 15 | All Other Home Furnishings Retailers | 1 | 4% | $980K | $980K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Minnesota | 9 | 33% | $674K | $11.2M |
| 2 | North Dakota | 7 | 26% | $1.2M | $14.2M |
| 3 | Arizona | 6 | 22% | $1.7M | $10.4M |
| 4 | Wisconsin | 2 | 7% | $1.2M | $2.3M |
| 5 | Colorado | 1 | 4% | $893K | $893K |
| 6 | California | 1 | 4% | $770K | $770K |
| 7 | Iowa | 1 | 4% | $241K | $241K |