How many small businesses are in North Dakota?

North Dakota has approximately 74,000 small businesses, representing 99.2 percent of all businesses in the state. They employ 156,000 workers — 51.1 percent of North Dakota's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in North Dakota?

North Dakota received 198 SBA 7(a) loan approvals in FY2024, totaling $78 million. The average loan size was approximately $396,000. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does North Dakota have a commercial financing disclosure law?

No. North Dakota has not enacted a statewide commercial financing disclosure law as of 2026.

What financing products work best for North Dakota small businesses?

Agricultural businesses use equipment financing and seasonal working capital. Energy services businesses use equipment financing and working capital. Healthcare practices access SBA 7(a). The right product depends on your industry and revenue.

Is ClearValue Lending available in North Dakota?

Yes. ClearValue Lending routes North Dakota SMB applicants to lender partners operating across Fargo, Bismarck, Grand Forks, Minot, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for North Dakota SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting.

Small Business Loans in North Dakota

North Dakota has 74,000 small businesses employing 156,000 workers — 51.1 percent of the state's private workforce. In FY2024, North Dakota small businesses received 198 SBA 7(a) loans totaling $78 million, with an average loan size of approximately $396,000. North Dakota's SMB economy is defined by agriculture (the nation's largest wheat, sunflower, canola, and dry bean producer) and energy (the Bakken Formation makes North Dakota one of the top oil-producing states), alongside a growing service economy in Fargo and Bismarck.