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Buying a Business in North Dakota

What SBA acquisition lending actually looks like in North Dakota, from loan-level government data.

FY2025 Acquisition Loans

24

$36.3M approved

Median Loan

$686,500

FY2020 through FY2025

Loans Since FY2020

87

$94.6M in total approvals

Share of U.S. Activity

0.2%

Of change-of-ownership loans

Most Active Acquisition Lenders in North Dakota

  1. 1. Aspire Bank8 loans
  2. 2. Alerus Financial, National Association8 loans
  3. 3. Town and Country CU5 loans
  4. 4. Wallis Bank5 loans
  5. 5. Old National Bank4 loans

A lender being active in North Dakota does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.

What Gets Bought in North Dakota

  • Hotels (except Casino Hotels) and Motels7 loans
  • Couriers6 loans
  • Full-Service Restaurants4 loans
  • Drinking Places (Alcoholic Beverages)4 loans
  • All Other Specialty Trade Contractors4 loans

Industry-specific pricing and diligence live in the Industry Buy Guides.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a North Dakota project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.

Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.