Alerus Financial, National Association

This is a commercial bank offering SBA loan programs and banking services designed to support small and medium-sized businesses with financing solutions and expert guidance.

It is recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.

The bank operates Monday through Friday from 8:00 AM to 5:00 PM local time.

There are no fees to access basic banking services; loan-specific fees may apply during the application process.

This bank primarily serves business clients across the United States, with a focus on North Dakota residents and businesses.

A minimum personal credit score of 640 is generally recommended for SBA loan applicants.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Alerus Financial, National Association typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Alerus Financial, National Association to confirm current weekend availability before you go.

Alerus Financial, National Association is located in North Dakota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Alerus Financial, National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Alerus Financial, National Association itself, which runs its own lending under its own ownership. If you work at Alerus Financial, National Association, you can claim this listing from this page to manage it.

The core details for Alerus Financial, National Association — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Alerus Financial, National Association before applying. If you represent Alerus Financial, National Association, claim this listing to keep its information up to date.

You can reach Alerus Financial, National Association by phone at (701) 795-3200 or online at alerus.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Alerus Financial, National Association before relying on them.

Based on its approved SBA loans, Alerus Financial, National Association most often finances businesses in medical practices & clinics, restaurants & food service, general retail, construction & contractors, manufacturing, and wholesale & distribution. This reflects Alerus Financial, National Association's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Alerus Financial, National Association which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Alerus Financial, National Association participates in SBA Express depends on its specific SBA lending authority. Contact Alerus Financial, National Association and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Alerus Financial, National Association can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Alerus Financial, National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Alerus Financial, National Association directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Alerus Financial, National Association what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Alerus Financial, National Association to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Alerus Financial, National Association to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Alerus Financial, National Association weighs this case by case under its own policy, so be upfront about your history and ask Alerus Financial, National Association how it evaluates prior bankruptcies.