| $350,000–1 million | RED ROCK FORD OF DICKINSON, INC. | DICKINSON, ND | Bell Bank |
| $350,000–1 million | REFRIGERATION-HEATING INC | FARGO, ND | Bell Bank |
| $350,000–1 million | REGAL MACHINE INC | WYOMING, MN | Bell Bank |
| $150,000–350,000 | REHAB4LIFE PHYSICAL THERAPY | FARGO, ND | Bell Bank |
| $350,000–1 million | REJUV MEDICAL AESTHETIC CLINIC, INC | FARGO, ND | Bell Bank |
| $350,000–1 million | RELIANT SYSTEMS, INC. | ZIMMERMAN, MN | Bell Bank |
| $150,000–350,000 | RESTAURANT COLLECTION, LLC | PHOENIX, AZ | Bell Bank |
| $350,000–1 million | RETINA CONSULTANTS LTD | FARGO, ND | Bell Bank |
| $2–5 million | REVO HEALTH, LLC | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | RICE LAKE CONTRACTING CORP. | DEERWOOD, MN | Bell Bank |
| $350,000–1 million | RICK & JODI'S RIVER INN INC | HANOVER, MN | Bell Bank |
| $1–2 million | RIDLER HEATING & COOLING, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RIGELS INC. | MOORHEAD, MN | Bell Bank |
| $1–2 million | RIPLEY'S, INC. | ERHARD, MN | Bell Bank |
| $2–5 million | RITALKA INC | MONTEVIDEO, MN | Bell Bank |
| $5–10 million | ROAD MACHINERY & SUPPLIES CO. | SAVAGE, MN | Bell Bank |
| $350,000–1 million | ROADLINK EXPRESS, INC. | HAM LAKE, MN | Bell Bank |
| $150,000–350,000 | ROBERT A SAUNDERS DDS PC | FARGO, ND | Bell Bank |
| $150,000–350,000 | ROCA RESTAURANT GROUP LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | ROMI, INC. | SOUTH SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | ROSS NESBIT AGENCIES INC. | MINNETONKA, MN | Bell Bank |
| $150,000–350,000 | ROUFS PROPERTY MAINTENANCE, INC. | HERMANTOWN, MN | Bell Bank |
| $150,000–350,000 | RSK REAL ESTATE LLC | SCOTTSDALE, AZ | Bell Bank |
| $350,000–1 million | RUSCO WINDOW COMPANY, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | RUST SALES INC | HARWOOD, ND | Bell Bank |
| $2–5 million | RYLEY CARLOCK & APPLEWHITE | PHOENIX, AZ | Bell Bank |
| $150,000–350,000 | RYPEN.COM INC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | S&Y BEMIDJI, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SAN TAN YOUTH SOCCER ASSOCIATION | TEMPE, AZ | Bell Bank |
| $350,000–1 million | SANDON PROPERTIES, LLP | WEST FARGO, ND | Bell Bank |
| $150,000–350,000 | SANDWELL INC. | ALEXANDRIA, MN | Bell Bank |
| $150,000–350,000 | SANITATION PRODUCTS, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | SANTAN SURGERY CENTER, LLC | GILBERT, AZ | Bell Bank |
| $350,000–1 million | SCANMED, LLC | OMAHA, NE | Bell Bank |
| $150,000–350,000 | SCENIC OUTDOOR SERVICES LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SCHERESKY AGSERVICE, INC. | MAX, ND | Bell Bank |
| $150,000–350,000 | SCHERLING PHOTOGRAPHY INC | FARGO, ND | Bell Bank |
| $150,000–350,000 | SCHMITTY'S PLUMBING, HEATING & SHEET METAL | WAHPETON, ND | Bell Bank |
| $150,000–350,000 | SCITECH ACADEMY | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SCOTTSDALE LIVESTOCK, LLC | MESA, AZ | Bell Bank |
| $150,000–350,000 | SCRAP METAL PROCESSORS, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SELECT COMMUNICATION, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SELECT THERAPY, INC. | BAXTER, MN | Bell Bank |
| $350,000–1 million | SELLIN BROTHERS INC | PELICAN RAPIDS, MN | Bell Bank |
| $150,000–350,000 | SERANO SOCCER CLUB INC. | TEMPE, AZ | Bell Bank |
| $150,000–350,000 | SERENITY DENTAL CORP | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | SERGIOS OF MINOT, INC | FARGO, ND | Bell Bank |
| $350,000–1 million | SERKLAND LAW FIRM, LTD | FARGO, ND | Bell Bank |
| $350,000–1 million | SERVICE LIGHTING, INC. | MAPLE GROVE, MN | Bell Bank |
| $350,000–1 million | SERVICE MAINTENANCE INSTALLATION, INCORPORATED | BURNSVILLE, MN | Bell Bank |
| $150,000–350,000 | SERVICEWORX LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SEVEN VINES, LLP | SAINT PAUL, MN | Bell Bank |
| $1–2 million | SHAPCO PRINTING INC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | SHARE HOUSE, INC. | FARGO, ND | Bell Bank |
| $150,000–350,000 | SHARK INDUSTRIES LTD | ROCKFORD, MN | Bell Bank |
| $350,000–1 million | SHOREVIEW SENIOR LIVING, LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | SILVER LEAF PROPERTY MANAGEMENT, LLC | FARGO, ND | Bell Bank |
| $150,000–350,000 | SILVERHAWK FINANCIAL PLANNING, LLC | SCOTTSDALE, AZ | Bell Bank |
| $1–2 million | SIX SHOOTER LLC | WATFORD CITY, ND | Bell Bank |
| $2–5 million | SJV AND ASSOCIATES LLC | KENNESAW, GA | Bell Bank |
| $150,000–350,000 | SKIECHO, LLC | IDAHO SPRINGS, CO | Bell Bank |
| $150,000–350,000 | SKY ISLAND, LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SKYLINE MATH AND SCIENCE ACADEMY | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SLETTO ENTERPRISES, INC | ALEXANDRIA, MN | Bell Bank |
| $350,000–1 million | SMALL WONDERS PRESCHOOL & CHILD CARE CENTER INC | FARGO, ND | Bell Bank |
| $350,000–1 million | SO GOOD BRAND, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | SOIGNE HOSPITALITY LLC | MINNEAPOLIS, MN | Bell Bank |
| $1–2 million | SOLID COMFORT, INC. | FARGO, ND | Bell Bank |
| $1–2 million | SOLID-EMPLOYEES LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | SOURCEGROUP, LLC | LONG LAKE, MN | Bell Bank |
| $150,000–350,000 | SOUTH SHORE VETERINARY HOSPITAL | FOREST LAKE, MN | Bell Bank |
| $150,000–350,000 | SOUTHVIEW SENIOR LIVING, LLC | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | SPACEAGE SYNTHETICS, LTD. | FARGO, ND | Bell Bank |
| $150,000–350,000 | SPECTRUM FRUITS, INC | MAPLE GROVE, MN | Bell Bank |
| $150,000–350,000 | SPEEDWERX, INC. | FOREST LAKE, MN | Bell Bank |
| $2–5 million | SPOONER INC | SCOTTSDALE, AZ | Bell Bank |
| $150,000–350,000 | SPRINGER INDUSTRIAL EQUIPMENT, INC | CHANDLER, AZ | Bell Bank |
| $150,000–350,000 | SPROULE FARMS PARTNERSHIP | GRAND FORKS, ND | Bell Bank |
| $150,000–350,000 | SSJV, LLC | OAKES, ND | Bell Bank |
| $150,000–350,000 | ST JOSEPH OF RICE LAKE | LINO LAKES, MN | Bell Bank |
| $350,000–1 million | ST JOSEPHS CHURCH | MOORHEAD, MN | Bell Bank |
| $350,000–1 million | ST WORTH CONTAINER LLC | ONTARIO, CA | Bell Bank |
| $1–2 million | ST. JOHN PAUL II CATHOLIC SCHOOLS NETWORK | FARGO, ND | Bell Bank |
| $150,000–350,000 | ST. JOHN'S CHURCH | WAHPETON, ND | Bell Bank |
| $150,000–350,000 | ST. PAUL SCHOOL OF NORTHERN LIGHTS | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | ST. PAUL UTILITIES AND EXCAVATING, INC. | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | ST. SOPHIE'S, LLC | FARGO, ND | Bell Bank |
| $350,000–1 million | STANEK CONSTRUCTORS, INC. | GOLDEN, CO | Bell Bank |
| $150,000–350,000 | STATE-EASE, INC. | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | STAUER ACQUISITION, LLC | BURNSVILLE, MN | Bell Bank |
| $150,000–350,000 | STAYSHARPE TEAM, LLC | WEST FARGO, ND | Bell Bank |
| $350,000–1 million | STEIN'S INCORPORATED | MOORHEAD, MN | Bell Bank |
| $1–2 million | STEPPING STONES FOR LIVING LLC | HERMANTOWN, MN | Bell Bank |
| $350,000–1 million | STEVENS, FOSTER FINANCIAL SERVICES, INC. | BLOOMINGTON, MN | Bell Bank |
| $350,000–1 million | STEVO OF WHITE BEAR LAKE, INC. | WHITE BEAR LAKE, MN | Bell Bank |
| $150,000–350,000 | STF SERVICES, INC. | HUGO, MN | Bell Bank |
| $150,000–350,000 | STONEHOME LLC | WATFORD CITY, ND | Bell Bank |
| $350,000–1 million | STRUCK LOVE BOJANOWSKI & ACEDO, PLC | CHANDLER, AZ | Bell Bank |
| $1–2 million | STYLMARK, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | SUBARCTIC MEDIA LLC | MANKATO, MN | Bell Bank |