SBA 7(a) Loans in Fargo, ND
Find lenders offering sba 7(a) loans in the Fargo, including Moorhead, West Fargo, and surrounding areas. Compare rates, terms, and programs from 21 lenders.
SBA 7(a) Lenders Serving Fargo
21 lenders offering sba 7(a) loans in the Fargo, ND area.
Bell Bank
Local SBAFargo, ND
Fargo, North Dakota-based bank and one of the largest independently owned banks in the nation. Offers SBA 7(a) loans, commercial real estate, equipment financing, and business banking across the Upper Midwest and Arizona.
Alerus Financial, National Association
Local SBAGRAND FORKS, ND
Choice Financial Group
Local SBAFARGO, ND
First Western Bank & Trust
Local SBAMINOT, ND
Union State Bank of Hazen
Local SBAHAZEN, ND
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Newtek Bank, National Association
SBAMiami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Celtic Bank Corporation
SBASALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
United Midwest Savings Bank National Association
SBADE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
CenTrust Bank, A Division of SmartBiz Bank National Associat
SBANorthbrook, IL
Technology-driven SBA lender operating through the SmartBiz platform. Offers streamlined SBA 7(a) loans with a fast online application process, serving small businesses nationwide with loans for working capital, debt refinancing, and commercial real estate.
Colony Bank
SBAFITZGERALD, GA
Georgia-based community bank offering SBA 7(a) loans, commercial real estate, and small business banking. Serves businesses throughout Georgia with relationship-focused lending.
BankVista
SBASARTELL, MN
Sartell, Minnesota-based community bank offering SBA 7(a) loans, commercial real estate, and business banking. Serves small businesses across central Minnesota with personalized lending.
Everwise Credit Union
SBASOUTH BEND, IN
South Bend, Indiana-based credit union offering SBA 7(a) loans, commercial real estate, and business banking with credit union rates. Serves members throughout Indiana.
Fargo Commercial Real Estate Market
Fargo-Moorhead is the largest metro area in North Dakota, with a diversified economy that has outperformed the state's oil-dependent western region during energy downturns. The downtown Fargo submarket has seen significant reinvestment along Broadway and the adjacent Innovation District near North Dakota State University, where tech startups and coworking spaces have clustered. The West Fargo corridor along I-94 is the primary growth area for retail and industrial development, benefiting from strong population growth that has made Fargo one of the fastest-growing small metros in the Midwest. Healthcare anchors from Sanford Health and Essentia Health drive consistent medical office demand across the metro.
Key Economic Drivers
- ●North Dakota State University research and technology transfer fueling the downtown Innovation District
- ●Sanford Health's regional headquarters and medical campus generating sustained healthcare-related CRE demand
- ●Microsoft's Fargo campus and a growing base of tech companies including Appareo Systems and Packet Digital
- ●Agricultural services and food processing companies like Cass-Clay Creamery supporting industrial space absorption
Market Insight
North Dakota has no corporate income tax on the first $25,000 of taxable income and offers a Renaissance Zone program in downtown Fargo that provides up to five years of income and property tax exemptions for qualifying commercial investments.
SBA 7(a) Loans in Fargo, North Dakota
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Fargo metro area, borrowers can access 21 lenders offering SBA 7(a) financing, including Moorhead, West Fargo, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who Should Consider SBA 7(a) Loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
Key Requirements
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
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