SBAPULSE

Alerus Financial NA

Headquartered in GRAND FORKS, ND

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7(a) Lending

Gross approval amounts

FY2026 Volume

$16.2M

#258 by FY2026 volume

FY2026 Loans

25

$647K avg size

FY2022–FY2026 Volume

$112.5M

FY2022–FY2026 Loans

130

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

5 states, districts, and territories with activity

#
1ND6$6.1M$1.0M
2AZ5$5.1M$1.0M
3MN11$3.7M$336K
4CA2$0.9M$435K
5UT1$0.4M$380K

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 Volume

$19.5M

#113 by FY2026 volume

FY2026 Loans

8

$2.4M avg size

FY2022–FY2026 Volume

$33.5M

FY2022–FY2026 Loans

18

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

3 states, districts, and territories with activity

#
1TX1$7.8M$7.8M
2MN5$7.0M$1.4M
3AZ2$4.7M$2.4M

Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.