Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for North Dakota.
In 2022 there were 36 SBA lenders that approved 106 SBA 7(a) loans for projects in North Dakota totaling $45,398,900. The average loan amount was $428,292. Borrowers from 24 cities were approved for projects in North Dakota for 63 industries. The SBA loan approvals in 2022 represent 1,094 jobs supported or saved in North Dakota.
There were 14 franchise branded businesses receiving 19 loan approvals for $22,134,700 with an average loan amount of $1,164,984.
Our forecast model projects $49 million in total North Dakota SBA 7(a) loan approval amounts in 2023 with $24 million to franchise businesses.
North Dakota Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
North Dakota Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
