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Alerus Financial, National Association

Listed
Bank for term loans and business lines of creditGrand Forks, North DakotaBased in North Dakota; service area not yet provided
BBLL 000940Listed Nov 2026From public recordsLast checked Nov 1, 2026

About

Alerus provides business term loans and revolving credit alongside equipment, commercial property and SBA financing. Its SBA offering includes 7(a), 504, Express and working-capital programs.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

A second look at Alerus Financial, National Association

Alerus provides business term loans and revolving credit alongside equipment, commercial property and SBA financing. Its SBA offering includes 7(a), 504, Express and working-capital programs.

Alerus Financial, National Association provides business credit directly as a bank; approval and documentation are determined by the bank.

Published by Levr, not by Alerus Financial, National Association. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked November 1, 2026.

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Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business credit and SBA

Conventional structures
Fixed-rate term loans and revolving lines can support inventory, equipment and working capital.
SBA programs
Offers 7(a) for general business needs and 504 for major real estate or equipment purchases.
Specialized working capital
SBA Express and CAPLines are offered, including seasonal and contract-related needs.

Provider sources: Alerus business financing · Alerus SBA lending

When it may fit

Our assessment of the published programs

  • Businesses comparing conventional credit with SBA-backed expansion or asset purchases.

What to weigh carefully

  • SBA eligibility, collateral and repayment capacity remain subject to program and bank review.

Questions before you accept an offer

  1. Which conventional or SBA structure fits our use of funds, and what equity, guarantee and collateral requirements apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Bell Bank

Compare Bell Bank for business lending in ND; confirm the project location, collateral requirements and proposed terms.

Western State Bank

Compare Western State Bank for business lending in ND; confirm the project location, collateral requirements and proposed terms.

The lender

Type
Bank
Legal name
Alerus Financial, National Association
Founded
1933
Charter
Not yet provided Add it
Headquarters
Grand Forks, North Dakota
Service area
Based in North Dakota; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
SBA preferred lender, SBA 504
Also lends to consumers
Not yet provided Add it
Website
alerus.com
LinkedIn
Company page

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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