| $150,000–350,000 | MCCAFFREY AGENCY GROUP, INC. | DULUTH, MN | Bell Bank |
| $150,000–350,000 | MCCLENDON LIVESTOCK ENTERPRISES, INC. | PEORIA, AZ | Bell Bank |
| $1–2 million | MCG ENERGY SOLUTIONS LLC | Minneapolis, MN | Bell Bank |
| $1–2 million | MCG ENERGY SOLUTIONS, LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MCNALLAN OFFICE SYSTEMS INC. | Minneapolis, MN | Bell Bank |
| $150,000–350,000 | MCNALLAN OFFICE SYSTEMS, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MEAD METALS, INC | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | MEDCRAFT HEALTHCARE REAL ESTATE LLC | Minneapolis, MN | Bell Bank |
| $350,000–1 million | MEDCRAFT HEALTHCARE REAL ESTATE, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MEDIA SPACE, INC. | HOPKINS, MN | Bell Bank |
| $150,000–350,000 | MEDICAL LOGISTICS MANAGEMENT, INC. | SCOTTSDALE, AZ | Bell Bank |
| $150,000–350,000 | MEDICAL LOGISTICS MANAGEMENT, INC. | Chula Vista, CA | Bell Bank |
| $150,000–350,000 | MEDICAL PHARMACY MOORHEAD, INC | MOORHEAD, MN | Bell Bank |
| $1–2 million | MEDICAL SCANNING CONSULTANTS PA | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MEDISTIM USA, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MELINDA HARR DDS PC | Fargo, ND | Bell Bank |
| $150,000–350,000 | MELINDA HARR DDS PC | FARGO, ND | Bell Bank |
| $2–5 million | MELON INVESTMENTS INC. | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | METAL BUILDING SOFTWARE, INC. | FARGO, ND | Bell Bank |
| $1–2 million | METRO CONNECTIONS INC | Minneapolis, MN | Bell Bank |
| $1–2 million | METROCONNECTIONS INC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MEXICAN FOODS INC. | Fargo, ND | Bell Bank |
| $350,000–1 million | MEXICAN FOODS, INC. | FARGO, ND | Bell Bank |
| $350,000–1 million | MIC SERVICES LLC | Minneapolis, MN | Bell Bank |
| $350,000–1 million | MICS CONSTRUCTION SERVICES | MINNEAPOLIS, MN | Bell Bank |
| $1–2 million | MIDLAND GARAGE DOOR MANFACTURING COMPANY | WEST FARGO, ND | Bell Bank |
| $1–2 million | MIDWEST FENCE & MFG CO | SOUTH SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | MIDWEST INDUSTRIAL COATINGS INC | Shakopee, MN | Bell Bank |
| $350,000–1 million | MIDWEST RUBBER SERVICE AND SUPPLY | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MIDWEST WAX MANAGEMENT | Wayzata, MN | Bell Bank |
| $150,000–350,000 | MIDWEST WAX MANAGEMENT, INC | WAYZATA, MN | Bell Bank |
| $150,000–350,000 | MILLS FARM | WAHPETON, ND | Bell Bank |
| $150,000–350,000 | MIND SHIFT | MOORHEAD, MN | Bell Bank |
| $350,000–1 million | MIND SHIFT | Fargo, ND | Bell Bank |
| $350,000–1 million | MINN-DAK COMPANY INC | FARGO, ND | Bell Bank |
| $5–10 million | MINN-DAK FARMERS COOPERATIVE | WAHPETON, ND | Bell Bank |
| $1–2 million | MINNEAPOLIS RAG STOCK CO INC | MINNEAPOLIS, MN | Bell Bank |
| $1–2 million | MINNEAPOLIS RAGSTOCK CO. | Minneapolis, MN | Bell Bank |
| $1–2 million | MINNESOTA AIR, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MINNESOTA GREENLEAF, LLP | THIEF RIVER FALLS, MN | Bell Bank |
| $150,000–350,000 | MINNESOTA GREENLEAF, LLP | Thief River Falls, MN | Bell Bank |
| $150,000–350,000 | MINNESOTA NORTHERN R I | CROOKSTON, MN | Bell Bank |
| $1–2 million | MINTAHOE CATERING AND EVENTS | Minneapolis, MN | Bell Bank |
| $350,000–1 million | MINTAHOE, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MISSION CONSTRUCTION & DEVELOPMENT, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MIXMODE, INC. | SANTA BARBARA, CA | Bell Bank |
| $150,000–350,000 | MJ DALSIN CO OF ND INC | West Fargo, ND | Bell Bank |
| $150,000–350,000 | MJ DALSIN CO OF ND INC | WEST FARGO, ND | Bell Bank |
| $150,000–350,000 | MODERN TRANSPORT SOLUTIONS, INC. | MESA, AZ | Bell Bank |
| $150,000–350,000 | MOIN INC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | MOIN INCORPORATED | Richfield, MN | Bell Bank |
| $1–2 million | MOLINE MACHINERY LLC | Duluth, MN | Bell Bank |
| $1–2 million | MOLINE MACHINERY, LLC | DULUTH, MN | Bell Bank |
| $150,000–350,000 | MOMENTUM AERONAUTICS L. L. C. | Saint Paul, MN | Bell Bank |
| $150,000–350,000 | MONACO AIR DULUTH LLC | Duluth, MN | Bell Bank |
| $150,000–350,000 | MONACO AIR DULUTH LLC | DULUTH, MN | Bell Bank |
| $350,000–1 million | MONGRILL HOLDINGS INC. | Fargo, ND | Bell Bank |
| $350,000–1 million | MONGRILL HOLDINGS, INC | FARGO, ND | Bell Bank |
| $2–5 million | MOORE ENGINEERING, INC. | WEST FARGO, ND | Bell Bank |
| $350,000–1 million | MORRISSEY INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MUSIC CELEBRATIONS INTERNATIONAL LLC | Tempe, AZ | Bell Bank |
| $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 LOGISTICS LLC | Minneapolis, MN | Bell Bank |
| $350,000–1 million | MVP SERVICES | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | MVP SERVICES LLC | Plymouth, MN | Bell Bank |
| $150,000–350,000 | MY MEDS INC. | Minneapolis, MN | Bell Bank |
| $150,000–350,000 | MY MEDS, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | NATIONAL CAMERA EXCHANGE INC. | Golden Valley, 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 |
| $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 |
| $1–2 million | NELSON AUTO CENTER, INC. | FERGUS FALLS, MN | Bell Bank |
| $150,000–350,000 | NEUSTEL LAW OFFICES LTD | Fargo, ND | Bell Bank |
| $150,000–350,000 | NEW PATHWAYS FOR YOUTH | Phoenix, AZ | 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 |
| $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 METRO FLEX ACADEMY | Saint Paul, MN | 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 |
| $150,000–350,000 | OCI CHANDLER OF DELAWARE I, LLC | CHANDLER, AZ | Bell Bank |
| $1–2 million | ODYSSEY RESORTS LLC | Duluth, MN | 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 |