Lending data
Who actually lends to healthcare practices in North Dakota?
31 SBA 7(a) loans went to healthcare practices in North Dakota recently, at a median of $121,400. Here are the lenders that made them, ranked.
31 SBA 7(a) loans went to healthcare practices in North Dakota in the most recent fiscal years. The median was $121,400 over 10 years. The most active lender was Old National Bank, with 5 loans.
What lending to healthcare practices in North Dakota actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Health care and social assistance, North Dakota | All 7(a) borrowers |
|---|---|---|
| Loans approved | 31 | 214,102 |
| Median loan | $121,400 | $150,000 |
| 25th - 75th percentile | $50,000 - $271,800 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 8.25% | 10.25% |
| Share to startups | 41.9% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 0.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to healthcare practices in North Dakota. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Old National Bank | 5 | $271,800 | 40% | 8.25% |
| Security First Bank of North Dakota | 4 | $98,500 | 50% | 7.54% |
| Bravera Bank | 4 | $58,000 | 100% | 9.00% |
| Town and Country CU | 3 | $260,000 | 33% | 7.95% |
| Hometown Credit Union | 2 | $91,600 | 50% | 6.50% |
| BankVista | 2 | $125,000 | 0% | 8.88% |
| Alerus Financial | 2 | $770,500 | 0% | 8.00% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $121,400 is 19% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- New businesses do well here. 42% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 42% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 8.25% is 2.00 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 0.0% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 41.9% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Bravera Bank | 4 | $58,000 | 100% | 9.00% |
| Old National Bank | 2 | $271,800 | 40% | 8.25% |
| Security First Bank of North Dakota | 2 | $98,500 | 50% | 7.54% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in North Dakota: restaurants and hotels, retail, construction, personal services, professional services, admin services
- Healthcare in comparable states: South Dakota, Alaska, Vermont, Hawaii, Montana, District of Columbia