SBA Lending by Alerus Financial, National Association
Alerus Financial, National Association is an active SBA 7(a) lender, ranked #183 nationally by all-time volume, with 867 approved 7(a) loans worth $499M on record.
- 867
- 7(a) loans made
- $499M
- Approved dollars
- $575,161
- Average loan size
- #183
- Rank, all-time volume
- #170
- Rank, volume since 2020
- 0.1%
- Share of U.S. 7(a) since 2020
- +21%
- Annualized vs prior decade
- 4.6%
- Active-loan distress
- 32%
- Made under PLP authority
Between 1991 and mid-2026, Alerus Financial, National Association approved 867 SBA 7(a) loans worth $499M across the country, at an average of $575,161 per loan. That places it #183 among all U.S. SBA 7(a) lenders. About 32% were written under Preferred Lender (PLP) authority, and 4.6% of its book is currently delinquent, past due, or in liquidation.
Where Alerus Financial, National Association lends most
What Alerus Financial, National Association funds most
Compare every lender, drill any state to the zip level, and shade the map by volume, growth, or distress.
Open the interactive map ↗7(a) loans only, approved and not cancelled, gross basis. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026. No borrower identity appears here.