SBA 504 Interest Rates | February 2025 | 10 Yr:  6.657%, 20 Yr: 6.355%, 25 Yr: 6.286% *rates may vary Learn More »

2024 Year in Review

Jan 22, 2025

As we step into 2025, we’re still buzzing with excitement from the momentum of 2024—marked by significant growth, achievements, and the impact made across our footprint.

Loan Volume

In 2024, we continued to deliver strong results, with loan approvals and fundings remaining among our top-performing years. This means countless businesses gained access to the critical capital they needed to launch, expand, and drive growth and opportunity in our communities.

Top Industries Served

Our loan programs support a wide range of industries. Here are the top three we served in 2024.

Demographics Served

From the woman or veteran wanting to serve their community in a new way, to the start-ups or entrepreneurs in rural communities, our mission is to make their dreams possible (and affordable!)…and we continued to do just that!

Geographic Reach

Our footprint continues to grow…working to fill financing gaps and provide solutions all across North Dakota, Minnesota, and Montana.

Community Impact Lending

In our first year of Community Impact Lending, we’ve focused on seeing the people and dreams behind every loan inquiry. Whether through funding, business advising, or connecting borrowers to vital resources, our mission has been to move them forward—and we’re just getting started!

Continued Expertise

Across North Dakota, Montana, and Minnesota, we’re honored to support small businesses with lasting impact. As North Dakota’s #1 SBA 504 lender for 15 years, every step forward reflects the trust placed in us to help businesses thrive.

New Vault Chamber Unlocked

In 2022, we unlocked the first chamber of the Vault, holding all of North Dakota’s business financing resources. But we didn’t stop there…

This past year we unlocked the second chamber filled with non-financing business resources. From local to statewide, we gathered every business resource we could find and placed them all in one spot…available to you at the click of a button!

Other Moments of Impact

In 2024, we built on last year’s milestones to drive greater impact across our communities. With new resources and expanded reach, we’ve empowered businesses like never before.

A huge thank you to all of YOU – our borrowers, lenders, and partners – for your support as we work to help small businesses grow and succeed. We look forward to continuing to serve you in 2025!