SBA Loans for Electrical Contractors in North Dakota: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in North Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
16
in North Dakota
Median Loan Size
$305,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 16 approvals on record and a median loan size of $305,000.
Most active SBA lenders for Electrical Contractors in North Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $237,050 | |
| 2 | 2 | $974,500 | |
| 3 | 2 | $403,000 | |
| 4 | 1 | $322,800 | |
| 5 | 1 | $200,000 | |
| 6 | 1 | $100,000 | |
| 7 | 1 | $994,000 | |
| 8 | 1 | $100,000 | |
| 9 | 1 | $1,882,300 | |
| 10 | 1 | $150,000 | |
| 11 | 1 | $80,000 | |
| 12 | 1 | $129,900 | |
| 13 | 1 | $1,467,000 |
Recent SBA 7(a) approvals for Electrical Contractors in North Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | First State Bank | RC***LLC | Williston, ND | $1,882,300 |
| 2025-05 | Northeast Bank | Chr*****kel | GRAND FORKS, ND | $100,000 |
| 2025-03 | Alerus Financial, National Association | Gen*****LLC | Grand Forks, ND | $994,000 |
| 2025-02 | Town and Country CU | Nor*****LLC | FARGO, ND | $200,000 |
| 2024-04 | BayFirst National Bank | Ham*****LLC | WILLISTON, ND | $150,000 |
| 2024-04 | Northwestern Bank, National Association | Spe****LLC | FARGO, ND | $80,000 |
| 2024-02 | Bell Bank | Hou*****LLC | Arthur, ND | $766,300 |
| 2024-01 | BayFirst National Bank | LAV*****INC | VALLEY CITY, ND | $150,000 |
| 2023-05 | Starion Bank | Dwe*****LLC | FARGO, ND | $100,000 |
| 2022-05 | U.S. Bank, National Association | BMK*****LLC | FARGO, ND | $154,100 |
| 2022-01 | U.S. Bank, National Association | Gra*****LLC | FARGO, ND | $320,000 |
| 2021-07 | Newtek Small Business Finance, Inc. | My *****ces | WEST FARGO, ND | $1,467,000 |
| 2021-06 | Frandsen Bank and Trust | Aga*****LLC | BISMARCK, ND | $945,000 |
| 2021-03 | Bell Bank | Red*****LLC | WEST FARGO, ND | $129,900 |
| 2020-08 | Frandsen Bank and Trust | Aga*****LLC | BISMARCK, ND | $1,004,000 |
| 2020-07 | Bank Forward | MID*****LLC | HORACE, ND | $516,000 |
| 2020-07 | Bank Forward | Hea*****LLC | HORACE, ND | $290,000 |
| 2020-04 | First Western Bank & Trust | Unf*****LLC | BISMARCK, ND | $30,000 |
| 2020-02 | Old National Bank | U C*****LLC | Bismarck, ND | $322,800 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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