SBAPULSE

Alerus Financial NA

Headquartered in GRAND FORKS, ND

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7(a) Lending

Gross approval amounts

FY2026 YTD Volume

$12.1M

#237 by FY2026 volume

FY2026 YTD Loans

19

$637K avg size

FY2022–FY2026 Volume

$108.4M

FY2022–FY2026 Loans

124

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026 YTD

Low
High

Activity by State

5 states, districts, and territories with activity

#
1ND6$6.1M$1.0M
2MN7$3.0M$422K
3AZ3$1.8M$588K
4CA2$0.9M$435K
5UT1$0.4M$380K

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 YTD Volume

$12.5M

#140 by FY2026 volume

FY2026 YTD Loans

5

$2.5M avg size

FY2022–FY2026 Volume

$26.5M

FY2022–FY2026 Loans

15

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026 YTD

Low
High

Activity by State

3 states, districts, and territories with activity

#
1TX1$7.8M$7.8M
2MN3$3.6M$1.2M
3AZ1$1.1M$1.1M

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