Agassiz Associates, PLLC
Agassiz Associates, PLLC, located in Grand Forks, ND, operates in the offices of mental health practitioners (except physicians) industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.21 million, approved on March 23, 2026, by Alerus Financial, National Association.
SBA 7(a) loan, change of ownership, approved Mar 23, 2026
- Gross approval
- $1,210,000
- SBA-guaranteed amount
- $907,500 (75% of the approval)
- Lender
- Alerus Financial, National Association, Grand Forks, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $14,841 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 621330, Offices of Mental Health Practitioners (except Physicians)
- Project location
- Grand Forks County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Offices of Mental Health Practitioners (except Physicians) on this site.
- Average acquisition loan in Offices of Mental Health Practitioners (except Physicians): $1,394,742.
- Average acquisition loan in North Dakota: $1,899,142.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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