This compilation results from a distinctive analysis of small business financing providers in North Dakota, anchored in reliable data. The rankings reflect the number of small business loans these institutions have provided over the current year.
Simply put, this roster includes the financial organizations and lenders that are truly leading the way in distributing loans to small businesses within the state.
(This stands in contrast to many other sites, which tend to focus on nonprofit entities that infrequently offer loans and governmental initiatives that are often beyond the reach of numerous businesses!)
Takeaway: North Dakotans like starting banks - all of the banks on this list are local, except for one! Most small business lending in North Dakota is done by local, community banks.
Methodology: Drawing from SBA 7a loan figures, each lender mentioned here provides SBA loans. Furthermore, we've cataloged every other type of small business loan they advertise on their digital platforms.
Given the high credit scores and a business tenure of over two years often demanded by conventional banks, we've opted to initiate our list with two alternative funding solutions aimed at assisting small business proprietors working with less-than-ideal credit and shorter duration in business.
