SBA acquisition lenders in North Dakota
55 SBA 7(a) change-of-ownership loans in North Dakota, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 55
- Total approved
- $72.3M
- Median loan
- $775K
- Middle half of loans
- $190K to $2.0M
- Median starting rate
- 8.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in North Dakota
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | 7 | 13% | $1.2M | $14.2M |
| 2 | Town and Country CU | 6 | 11% | $168K | $1.5M |
| 3 | Wallis Bank | 5 | 9% | $713K | $4.2M |
| 4 | First Internet Bank of Indiana | 3 | 5% | $2.0M | $5.1M |
| 5 | First Western SBLC, LLC d/b/a Peachtree Group | 3 | 5% | $937K | $3.3M |
| 6 | Bell Bank | 3 | 5% | $766K | $2.0M |
| 7 | Union State Bank of Hazen | 3 | 5% | $80K | $185K |
| 8 | Cornerstone Bank | 2 | 4% | $801K | $1.6M |
| 9 | Aspire Bank | 2 | 4% | $259K | $519K |
| 10 | Dakota Western Bank | 2 | 4% | $140K | $280K |
| 11 | BankVista | 2 | 4% | $125K | $250K |
| 12 | Everwise Credit Union | 1 | 2% | $5.0M | $5.0M |
| 13 | Pathward National Association | 1 | 2% | $5.0M | $5.0M |
| 14 | First Community CU | 1 | 2% | $4.5M | $4.5M |
| 15 | Old National Bank | 1 | 2% | $4.4M | $4.4M |
What is being bought in North Dakota
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 7 | 13% | $1.9M | $15.6M |
| 2 | Gasoline Stations with Convenience Stores | 5 | 9% | $713K | $4.2M |
| 3 | Commercial Printing (except Screen and Books) | 3 | 5% | $2.0M | $4.2M |
| 4 | Offices of Chiropractors | 3 | 5% | $200K | $581K |
| 5 | Drinking Places (Alcoholic Beverages) | 3 | 5% | $144K | $435K |
| 6 | Electrical Contractors and Other Wiring Installation Contractors | 2 | 4% | $3.0M | $6.0M |
| 7 | Funeral Homes and Funeral Services | 2 | 4% | $2.8M | $5.6M |
| 8 | All Other Specialty Trade Contractors | 2 | 4% | $1.6M | $3.3M |
| 9 | Fitness and Recreational Sports Centers | 2 | 4% | $308K | $616K |
| 10 | Offices of Certified Public Accountants | 2 | 4% | $62K | $125K |
| 11 | Food (Health) Supplement Retailers | 2 | 4% | $46K | $92K |
| 12 | Highway, Street, and Bridge Construction | 1 | 2% | $5.0M | $5.0M |
| 13 | Engineering Services | 1 | 2% | $4.4M | $4.4M |
| 14 | Home Health Care Services | 1 | 2% | $3.4M | $3.4M |
| 15 | Tobacco Product and Electronic Cigarette Merchant Wholesalers | 1 | 2% | $2.9M | $2.9M |