What SBA's own loan files show about lending in the Minot, ND Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Minot, ND records 119 loans and $53.8 million from FY2017 to FY2026 and ranks 433rd of 928 by loan count. Of the loans, 73 are 7(a) and 46 are 504, so the 504 programme carries a large part of Minot's lending. This record prints no county table, and no 504 institution appears among the named holders.
Typical Minot borrowing is $194,900, 0.94x the national median, with $84,500 and $484,500 bounding the central half; franchise brands account for 16.8%. Hotel and motel is the first tracked class at 11 loans, followed by full-service restaurant at 7 and by fitness center and limited-service restaurant at 6 apiece. A further 76 loans belong to no class. A study for a use outside the leading four has no local class precedent to cite and must supply its own evidence of demand. The 46 loans under 504 are a large part of Minot's record, even though no 504 holder is named.
Only two institutions have enough 7(a) loans to be listed: Town and Country CU holds 17 loans worth $2.0 million, and U.S. Bank, National Association holds 12 worth $329,300. SBA's entries show where loans sit and nothing about lending practice. The dollar total at U.S. Bank, National Association is small for 12 loans.
Cancellation after approval reached at least 11.1% of approvals through FY2024. Minot's matching ceiling and charge-off rate are not printed by Loan Analytics, the groups being small; it estimates neither, and neither is zero. Approvals were 8 loans in FY2018 and FY2022, then 17 in FY2024 and again in FY2026, when dollars reached $16.7 million, the highest in the decade.
A study should establish demand for the particular use, since the class table is short, and should explain how a 504 structure would work where the programme is already a large share of local lending. Cost should stay near loans a little below the national level. Coverage must be run on a conservative case, with no loss rate published, and an appraisal has to support value. The area follows the 2023 delineation, and nothing on this page promises approval.
| Loans approved, FY2017 to FY2026 | 119 |
|---|---|
| Gross dollars approved | $53.8 million |
| Median loan | $194,900 |
| Middle half of loans, from | $84,500 |
| Middle half of loans, to | $484,500 |
| SBA 7(a) loans | 73 |
| SBA 504 loans | 46 |
| Franchise share of loans | 16.8% |
| Rank among metro and micro areas by loans | 433 of 928 |
| Median loan against the national median | 0.94x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.1% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Minot, ND Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 11 | $2.2 million |
| FY2018 | 8 | $2.3 million |
| FY2019 | 10 | $2.2 million |
| FY2020 | 11 | $7.8 million |
| FY2021 | 14 | $5.1 million |
| FY2022 | 8 | $2.4 million |
| FY2023 | 11 | $3.8 million |
| FY2024 | 17 | $7.7 million |
| FY2025 | 12 | $3.7 million |
| FY2026 | 17 | $16.7 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 76 |
| Hotel and motel | 11 |
| Full-service restaurant | 7 |
| Fitness center | 6 |
| Limited-service restaurant | 6 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Town and Country CU | 17 | $2.0 million |
| U.S. Bank, National Association | 12 | $329,300 |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-33500.
A worked example of the feasibility study a lender would read for an RV park project in North Dakota, financed with a USDA Business and Industry guaranteed loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Minot, ND Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
Start with the data.
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