North Dakota — PPP Loan Data

North Dakota ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 51,521 loans totaling $2.89B to businesses and organizations across the state. The average loan size was $56,167.

Of all approved loans, 50,884 — or 98.8% — received SBA forgiveness totaling $2.86B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.

Among the largest recipients in North Dakota were EDGEWOOD OPCO LLC ($10,000,000), STRATA CORPORATION ($9,879,800), and MINN-DAK FARMERS COOPERATIVE ($8,599,400).

Borrowers in North Dakota reported retaining 292,031 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.

The most active industry in North Dakota by loan count was Oilseed and Grain Farming with 11,517 loans totaling $247.0M. This was followed by Cattle Ranching and Farming (8,367 loans).

The most active lender in North Dakota was FIRST INTERNATIONAL BANK & TRUST, which originated 2,782 loans worth $315.9M. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.

Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.0% of loans at or above that threshold have named recipients publicly disclosed.