# Buying a Business in North Dakota: SBA Lending

Change-of-ownership SBA 7(a) approvals in North Dakota, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/north-dakota
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 87, $94,594,700 approved in total
- FY2025 loans: 24, $36,323,400 approved
- Median loan: $686,500
- Share of national acquisition lending: 0.2%

## The Most Active Lenders in North Dakota

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. Aspire Bank: 8 loans
2. Alerus Financial, National Association: 8 loans
3. Town and Country CU: 5 loans
4. Wallis Bank: 5 loans
5. Old National Bank: 4 loans

## What Gets Financed in North Dakota

- Hotels (except Casino Hotels) and Motels: 7 loans
- Couriers and Express Delivery Services: 6 loans
- Gasoline Stations with Convenience Stores: 5 loans
- Full-Service Restaurants: 4 loans
- Drinking Places (Alcoholic Beverages): 4 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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