SBA 504 Restaurant Feasibility Study in North Dakota

How large North Dakota full-service restaurant loans run

SBA approved 28 SBA 504 loans for full-service restaurants in North Dakota over FY2017 to FY2026, $24.8 million in gross dollars. The median North Dakota loan is $895,000, and the middle half of full-service restaurants loans runs from $413,250 to $1.4 million. Measured on the full-service restaurants median nationwide under SBA 504, the North Dakota median is 1.48x, larger than the nationwide full-service restaurants book carries. Franchised borrowers account for 14.3% of the full-service restaurants loans in North Dakota.

Rank 33 among states and 1 of 39 among North Dakota classes: that is how North Dakota full-service restaurants stand under SBA 504. The busiest North Dakota year was FY2020, with 6 loans and $4.4 million; and FY2026 records 3 loans for $2.1 million. Within North Dakota, no class draws more 504 loans than full-service dining, which makes a program view informative though the state ranks low by count.

The largest holder SBA shows for this North Dakota cell is Dakota Business Lending, with 11 loans and $8.7 million. The North Dakota list continues with Lake Agassiz Certified Development Company: 9 loans, $7.2 million in all and Lewis & Clark Certified Development Company: 7 loans, $7.3 million in all. North Dakota holders appear as SBA reports them, Dakota Business Lending first; each holds or held full-service restaurants loans here. By area, Cass leads with 7 loans, then Burleigh with 6 and Williams with 4. Smaller counts appear in Grand Forks 2, Morton 2 and Stark 2.

Reading the outcome floors for North Dakota full-service restaurants

With 28 full-service restaurants loans in North Dakota, FY2017 to FY2024 North Dakota approvals run thin, just as the funded North Dakota group is too small for losses. Both gaps mean unknown. Conventional loans in North Dakota stay outside this file.

Testing a North Dakota dining room

This class leads the state's 504 book, so competition for diners near Cass is likely real; the study should count rival tables and show what the new room offers that they do not. Seats times turns times check size gives the revenue ceiling, and each term needs support. Build-out of kitchen and dining room is the largest line, and a loan near $895,000 should rest on a contractor's budget. Winter months can thin traffic, so show payment coverage in the slowest stretch. Appraisers treat restaurants as special-purpose property and ask whether a second operator could use the shell.