First Northeast Bank of Nebraska
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by First Northeast Bank of Nebraska
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $1.0M | $128K | 33.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $20.0M | $2.5M | 33.3% |
| 444190 | Other Building Material Dealers | 8 | $1.8M | $230K | 33.3% |
Geographic Distribution
SBA lending activity for First Northeast Bank of Nebraska by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 24 | $22.9M | 100.0% |
Why Choose First Northeast Bank of Nebraska?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $22.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Lessors of Nonresidential Buildings (except Miniwarehouses), Other Building Material Dealers
- ✓Competitive Terms: Average interest rate of 5.22% with flexible term lengths averaging 200 months
- ✓Loan Range: Loan sizes from $128K to $2.5M, with an average of $953K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Northeast Bank of Nebraska SBA lending
What types of businesses does First Northeast Bank of Nebraska typically finance?
First Northeast Bank of Nebraska specializes in SBA 7(a) lending to specific industries including full-service restaurants, lessors of nonresidential buildings (except miniwarehouses), other building material dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Northeast Bank of Nebraska's typical SBA loan terms?
First Northeast Bank of Nebraska's SBA 7(a) loans typically feature an average interest rate of 5.22% and average term length of 200 months (approximately 17 years). Loan sizes range from $128K to $2.5M, with an average loan size of $953K.
Do I need a business valuation for a First Northeast Bank of Nebraska SBA loan?
Yes, First Northeast Bank of Nebraska typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Northeast Bank of Nebraska compare to other SBA lenders?
First Northeast Bank of Nebraska has originated 24 SBA loans totaling $22.9M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Northeast Bank of Nebraska lend in?
First Northeast Bank of Nebraska provides SBA 7(a) financing with particularly strong presence in NE. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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