Alerus Equipment Finance

Bank equipment finance group based in Grand Forks, North Dakota.

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Equipment finance group of Alerus Financial, a bank with corporate offices in Grand Forks, North Dakota and the Minneapolis-St. Paul area. A Phoenix-based team added in 2024 provides capital equipment loans, finance leases and operating leases for vehicles, machinery, IT systems and medical equipment, focusing on transportation and warehousing, manufacturing, healthcare, IT and corporate aviation clients across the bank's footprint.

Profile

TypeBank
HeadquartersGrand Forks, North Dakota
Websitewww.alerus.com/business/financing/equipment-financing
ParentAlerus Financial Corporation
ProductsEquipment loans, Finance ($1 buyout) leases, Fair market value leases
SectorsTransportation and fleet, Manufacturing and industrial, Healthcare and medical, Aviation
AssociationsEquipment Leasing and Finance Association
Bank lease book$61.4M at Alerus Financial, National Association, #108 of 667 U.S. banks (Q2 2026 Call Report)

Sources: Alerus.

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