| $350,000–1 million | MUSIC CELEBRATIONS INTERNATIONAL LLC | TEMPE, AZ | Bell Bank |
| $350,000–1 million | MVP LOGISTICS | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MVP SERVICES | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MY MEDS, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | NATIONAL CAMERA EXCHANGE, INC | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | NATIONAL CHECKING COMPANY | SAINT PAUL, MN | Bell Bank |
| $1–2 million | NCI INC. | BROOKLYN PARK, MN | Bell Bank |
| $1–2 million | NELSON AUTO CENTER, INC. | FERGUS FALLS, MN | Bell Bank |
| $150,000–350,000 | NEXTSTEP HOMECARE, INC | ALEXANDRIA, MN | Bell Bank |
| $1–2 million | NICHOLS KASTER, PLLP | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | NODLAND CONSTRUCTION CO, INC. | ALEXANDRIA, MN | Bell Bank |
| $350,000–1 million | NORCOSTCO, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | NORDPAL CORPORATION | WEST FARGO, ND | Bell Bank |
| $350,000–1 million | NORTH DAKOTA STATE UNIVERSITY FOUNDATION | FARGO, ND | Bell Bank |
| $150,000–350,000 | NORTH STAR TRUCK WASH INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | NORTHERN PLAINS SURGERY CENTER, LLC | FARGO, ND | Bell Bank |
| $350,000–1 million | NORTHSTAR BEHAVIORAL HEALTH LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | NORTHSTAR PRODUCE INC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | NORTHWEST AUTO BODY, INC. | FARGO, ND | Bell Bank |
| $1–2 million | NORTHWOOD FOODS LLC | NORTHWOOD, IA | Bell Bank |
| $1–2 million | O'DAY MANAGEMENT INC | FARGO, ND | Bell Bank |
| $1–2 million | OAK CANYON MANUFACTURING, INC. | PHOENIX, AZ | Bell Bank |
| $350,000–1 million | OAK GROVE LUTHERAN SCHOOL | FARGO, ND | Bell Bank |
| $350,000–1 million | OAKGREEN COMMONS, LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | OCI CHANDLER OF DELAWARE I, LLC | CHANDLER, AZ | Bell Bank |
| $1–2 million | ODYSSEY RESORTS, LLC | DULUTH, MN | Bell Bank |
| $150,000–350,000 | OFF THE WALL ADVERTISING, INC. | FARGO, ND | Bell Bank |
| $350,000–1 million | OFFICE SIGN COMPANY LLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | OG FT MYERS HP, LLC | FORT MYERS, FL | Bell Bank |
| $150,000–350,000 | OHE INDUSTRIES LLC | MARION, IA | Bell Bank |
| $350,000–1 million | OHNSTAD TWICHELL, P.C. | WEST FARGO, ND | Bell Bank |
| $1–2 million | OLAF ANDERSON CONSTRUCTION INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | OLD BROADWAY CORPORATION | FARGO, ND | Bell Bank |
| $350,000–1 million | OLE ENTERPRISES LLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | OLE HOLDINGS LLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | OMNIA CUM DEO CORP. | WINTER HAVEN, FL | Bell Bank |
| $150,000–350,000 | ONSHARP, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | OPEN MRI SOLUTIONS LLC | PHOENIX, AZ | Bell Bank |
| $350,000–1 million | OPEN PALETTE HOSPITALITY, LLC | SAN FRANCISCO, CA | Bell Bank |
| $350,000–1 million | OPTIMUM PERFORMANCE TRAINING INC | SCOTTSDALE, AZ | Bell Bank |
| $350,000–1 million | ORTHOPAEDIC SPORTS, INC | STILLWATER, MN | Bell Bank |
| $350,000–1 million | OTTEN BROS. NURSERY & LANDSCAPING INC | LONG LAKE, MN | Bell Bank |
| $350,000–1 million | OWENS & BONDELL PLLC | PHOENIX, AZ | Bell Bank |
| $150,000–350,000 | PARADISO OF BISMARCK INC | FARGO, ND | Bell Bank |
| $350,000–1 million | PARK CHRISTIAN SCHOOL | MOORHEAD, MN | Bell Bank |
| $350,000–1 million | PATHOLOGY ASSOCIATES LTD | PHOENIX, AZ | Bell Bank |
| $350,000–1 million | PEACE COFFEE LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | PENCORE HOLDINGS INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | PENSION CONSULTANTS INC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | PENTEX RESTAURANT GROUP, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | PERIODONTAL SPECIALIST | PARADISE VALLEY, AZ | Bell Bank |
| $150,000–350,000 | PERSONAL TOUCH EMBROIDERY, INC | MOORHEAD, MN | Bell Bank |
| $350,000–1 million | PETERSON FARMS SEED, INC. | HARWOOD, ND | Bell Bank |
| $1–2 million | PHDATA, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | PHOENIX OPHTHALMOLOGISTS, PA | PHOENIX, AZ | Bell Bank |
| $350,000–1 million | PHYSICIANS CHOICE NEBRASKA, LLC | OMAHA, NE | Bell Bank |
| $350,000–1 million | PLAINS ANESTHESIA PLLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | PLAYMAKERS INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | POINTWARD, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | POLAR PLASTICS, LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | PORTABLE STORAGE OF MN | SAINT PAUL, MN | Bell Bank |
| $1–2 million | PORTER CREEK HARDWOOD GRILL | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | POWER ELECTRIC DISTRIBUTION, INC. | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | POWERMATION DIVISION INC. | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | POWERMATION SOLUTIONS GROUP LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | PPC FARGO 45 | WILLMAR, MN | Bell Bank |
| $350,000–1 million | PR1MUS PRINTING, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | PRAIRIE HEIGHTS COMMUNITY CHURCH OF THE NAZARENE | WEST FARGO, ND | Bell Bank |
| $150,000–350,000 | PRAIRIELAND AG, INC. | FARGO, ND | Bell Bank |
| $1–2 million | PREFERENCE EMPLOYMENT SOLUTIONS, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | PRESCRIPTION CENTER PHARMACY DBA SOUTHPOINTE PHARMACY | FARGO, ND | Bell Bank |
| $150,000–350,000 | PRETTY BIRD INTERNATIONAL, INC. | STACY, MN | Bell Bank |
| $350,000–1 million | PREVENT BIOMETRICS INC | EDINA, MN | Bell Bank |
| $150,000–350,000 | PRIME SOLUTIONS LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | PRODUCTION AUTOMATION CORPORATION | HOPKINS, MN | Bell Bank |
| $150,000–350,000 | PROFESSIONAL BUILDING SERVICES LTD | FARGO, ND | Bell Bank |
| $150,000–350,000 | PROFESSIONAL MUSIC TOURS INC | MONTICELLO, MN | Bell Bank |
| $150,000–350,000 | PROFESSIONAL REHABILITATION CENTER, INC. | FARGO, ND | Bell Bank |
| $350,000–1 million | PROFORM FABRICATION, LLC | WINSTED, MN | Bell Bank |
| $150,000–350,000 | PROMUS CAPITAL, INC. | MESA, AZ | Bell Bank |
| $350,000–1 million | PROSOURCE TECHNOLOGIES, LLC | COON RAPIDS, MN | Bell Bank |
| $150,000–350,000 | PROTECTION SYSTEMS INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | PROTOCO LLC | WAYZATA, MN | Bell Bank |
| $350,000–1 million | R&M MANUFACTURING CO. LLC | BUFFALO, MN | Bell Bank |
| $350,000–1 million | R.E.D. PLUMBING, INC. | DEWEY, AZ | Bell Bank |
| $150,000–350,000 | RACHEL NESS M.D. PLLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | RAMSEY HILL SENIOR LIVING, LLC | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | RANK CRANKERS, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RAPE AND ABUSE CRISIS CENTER OF FARGO-MOORHEAD | FARGO, ND | Bell Bank |
| $150,000–350,000 | RAYITO DE SOL, LLC | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | RBA INC | WAYZATA, MN | Bell Bank |
| $150,000–350,000 | REAL WORLD ENTERPRISES, INC. | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | RECORD KEEPERS, LLC | FARGO, ND | Bell Bank |
| $350,000–1 million | RECREATION & INDUSTRIAL ENG | EDEN VALLEY, MN | Bell Bank |
| $350,000–1 million | RED RIVER ANIMAL EMERGENCY CLINIC LLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | RED RIVER GRAIN COMPANY | BRECKENRIDGE, MN | Bell Bank |
| $350,000–1 million | RED RIVER REFRIDGERATION INC | WEST FARGO, ND | Bell Bank |
| $2–5 million | RED RIVER VALLEY & WESTERN RAILROAD COMPANY | WAHPETON, ND | Bell Bank |
| $350,000–1 million | RED ROCK AUTO OF WATFORD CITY, LLC | WATFORD CITY, ND | Bell Bank |
| $350,000–1 million | RED ROCK FORD INC | WILLISTON, ND | Bell Bank |