Small Business Loans in North Dakota

Ready to find success and secure a small business loan? You're in the right place! Our in-house research team of finance experts has compiled this most comprehensive list of business loans for you to find the best option for you. Bad credit and startups acceptable when meeting specific qualifications.

10 Small Business Loans in North Dakota

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.

1. Credit Suite

Credit Suite operates as a consultancy and software provider focused on business credit, additionally providing a pair of unconventional financing options.

Cash Flow Financing presents a valuable opportunity for entrepreneurs who have been in operation for several years but only meet basic credit criteria. This option allows businesses to use their existing cash flow as collateral for obtaining adaptable funding

Instead of fixed monthly repayments, the amount returned is a portion of the business's continual cash flow, offering a more flexible approach to financing.

The Credit Hybrid Line centers around financing that is entirely dependent on the individual's credit standing, bypassing the need for comprehensive financial records, bank statements, or detailed business proposals. It's specifically crafted for a wide range of businesses, with available funding ranging from $5,000 to $150,000. 

Business financing options offered:

  • Credit Suite Cash Flow Financing
  • Credit Suite Credit Line Hybrid


VISIONBank in Fargo, North Dakota issues more SBA 7a loans than any other lender in the state. (Not to be confused with the other Vision Banks in Oklahoma and Iowa!) 

Business financing options offered:

  • Business Line of Credit

  • General Business Loans

  • Commercial Real Estate

  • SBA Financing

  • BIA Loans

  • Bank of ND Loans

3. Choice Financial Group

Choice Financial is a small local bank with just a few business financing options and a nice website.

Business financing options offered:

  • Ag Solutions

  • SBA Loans

  • Commercial Loans

  • 4 business credit cards

4. First Western Bank & Trust

First Western is another local bank with a solid lineup of small business financing options. 

Business financing options offered:

  • Business Credit Card

  • Commercial Real Estate Loans

  • Term Loans

  • Working Capital Loans / Lines of Credit

  • Special Loan Programs

5. US Bank

US Bank is a significant, nationwide banking institution that offers a wide range of business financing options. With its extensive network of branch locations, it's a familiar sight in many communities. 

Business financing options offered:

  • US Bank Quick Loan

  • Business Term Loan

  • Commercial Real Estate Loan

  • Equipment Financing

  • SBA Loans

  • Dental, Medical, and Vet Practice Loans

  • Business Line of Credit

  • Manage Cash Flow

  • Business Equity Line of Credit

  • Business Reserve Line

  • 4 Business Credit Cards

6. Starion Bank

Starion Bank is a small bank with many agricultural loans and various types of equipment leasing programs. 

Business financing options offered:

  • Permanent working capital

  • Revolving lines of credit

  • Term loans for vehicles and equipment

  • Commercial construction and real estate loans

  • Small Business Administration (SBA) loans

  • Owner-occupied real estate

  • Financing for medical providers and other professional practices

  • Agribusiness Loans & Leasing

7. Aspire Bank

Aspire is another local bank with a solid array of small business loan options. 

Business financing options offered:

  • Commercial Line of Credit

  • Term Loans

  • Small Business Line of Credit

  • Term Loans

  • Small Business Administration Financing

  • Commercial Real Estate Financing

8. Town and Country Credit Union

Town and Country is a regional credit union with an emphasis in lending for the agricultural industry. Farmers, look here!

Business financing options offered:

  • Real Estate Loans

  • Operating Lines of Credit

  • Construction Loans

  • Equipment/Vehicle Loans

  • Business Start-Up Loans

  • Business Purchases and Expansions

  • Farm/Ranch Operating Loans

  • Farm/Ranch Equipment Loans

  • Agriculture Long Term Real Estate Loans

  • LIvestock Loans

  • Specialty Agriculture Loan Programs

9. Capital Credit Union

Capital Credit Union is the second credit union on this list. Unusually, it has five separate business credit cards.

Business financing options offered:

  • Fixed term business loans

  • Commercial lines of credit

  • Commercial real estate loans

  • Construction loans

  • 5 business credit cards

10. Alerus Financial

Alerus is a bank with an advisory feel. The website feels like that of a financial advisor, not a traditional bank. If you’re looking for tailored financial options and an individual approach, Alerus is worth investigating. 

Business financing options offered:

  • Lines of Credit

  • Real Estate Loans

  • Equipment Financing

  • Small Business Administration Loans (SBA)

  • Outdoor Media Lending

  • 4 Business Credit Cards

How to apply for a small business loan in North Dakota 

Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!