Alerus Financial, National Association
Based in ND1,046 SBA loans totaling $640.9M.
Total Loans
1,046
1992–2025
Total Volume
$640.9M
Gross approval amount
Avg Loan Size
$613K
Median: $300K
Avg Interest Rate
6.21%
Default Rate
6.8%
States Served
17
Alerus Financial, National Association — Annual Lending Volume
Alerus Financial, National Association — Annual Lending Volume from 1992 to 2025
Alerus Financial, National Association — Annual Loan Count
Alerus Financial, National Association — Annual Loan Count from 1992 to 2025
Where They Lend
Where They Lend with 15 categories
What They Lend For
What They Lend For with 10 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Loan Outcomes
Loan Outcomes showing Active: 23.2%, Paid in Full: 60.6%, Charged Off: 6.1%, Cancelled: 9.4%, Committed: 0.7%
Active23.2%
Paid in Full60.6%
Charged Off6.1%
Cancelled9.4%
Committed0.7%
Get the Data
Download the complete SBA lender summary for all top lenders as a CSV — or export individual loan records.