Alerus Financial, National Association
ND
SBA-approved lender offering 8 loan programs across 13 industries.
Key Metrics
Interest Rate
8.34%
1.59% over prime
Average Loan
$1.1M
Per approval
Total Approvals
33
FY 2025
Loan Programs (8)
Asset Base Working Capital Line (CAPLine)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
7a General
Industries Served (13)
All Other Personal ServicesAll Other Specialty Trade ContractorsBeauty SalonsElectrical ContractorsFootwear and Leather Goods RepairHighway, Street, and Bridge ConstructionInsurance Agencies and BrokeragesMachine ShopsOffices of All Other Miscellaneous Health PractitionersOther Accounting ServicesOther Chemical and Allied Products Merchant WholesalersOutpatient Mental Health and Substance Abuse CentersSports and Recreation Instruction
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.59%
- Effective Rate
- 8.34%
- Fiscal Year
- 2025
- States Served
- ND
- Website
- www.alerus.com
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