Bank · Grand Forks, ND
Alerus Financial
Made 26 SBA 7(a) change-of-ownership loans totaling $39.4M in FY2024 to FY2026: #131 of 1,054 lenders by loans and #111 by dollars. Lends in 7 states. Part of Alerus Financial Corp.
#131by loans, FY24–26
26loans
$39.4Mapproved
$988Kmedian loan
Full legal name: Alerus Financial, National Association.
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 9 | $11.0M | $982K | 0.2% |
| FY2025 | 10 | $19.7M | $1.1M | 0.1% |
| FY2026 | 7 | $8.7M | $770K | 0.1% |
Loan size
Deal size mix
46% of its loans were $1M or more.
- Under $350K4 loans · 15% · $807K
- $350K to $1M10 loans · 38% · $8.0M
- $1M to $2M4 loans · 15% · $4.9M
- $2M to $5M8 loans · 31% · $25.6M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Retail Trade | 5 | $7.7M |
| Wholesale Trade | 4 | $8.8M |
| Construction | 4 | $7.1M |
| Manufacturing | 3 | $2.7M |
| Health Care & Social Assistance | 3 | $5.0M |
| Other Services | 2 | $3.6M |
| Transportation & Warehousing | 1 | $1.2M |
| Educational Services | 1 | $85K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Minnesota | 9 | $11.2M |
| North Dakota | 7 | $14.2M |
| Arizona | 5 | $9.8M |
| Wisconsin | 2 | $2.3M |
| California | 1 | $770K |
| Colorado | 1 | $893K |
| Iowa | 1 | $241K |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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