North Shore Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North Shore Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 3 | $95K | $32K | 3.0% |
| 812910 | Pet Care (except Veterinary) Services | 3 | $144K | $48K | 3.0% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 3 | $3.0M | $997K | 3.0% |
| 484110 | General Freight Trucking, Local | 3 | $277K | $92K | 3.0% |
| 621210 | Offices of Dentists | 3 | $260K | $87K | 3.0% |
| 238350 | Finish Carpentry Contractors | 2 | $250K | $125K | 2.0% |
| 531390 | Other Activities Related to Real Estate | 2 | $1.2M | $580K | 2.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $460K | $230K | 2.0% |
| 561730 | Landscaping Services | 2 | $106K | $53K | 2.0% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $817K | $409K | 2.0% |
Geographic Distribution
SBA lending activity for North Shore Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 97 | $19.2M | 96.0% |
| Illinois (IL) | 4 | $345K | 4.0% |
Why Choose North Shore Bank?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 101 SBA loans approved, totaling $19.5M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long-Distance, Truckload, Pet Care (except Veterinary) Services, Poured Concrete Foundation and Structure Contractors
- ✓Competitive Terms: Average interest rate of 5.67% with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $5K to $1.5M, with an average of $193K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WI, IL
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 North Shore Bank SBA lending
What types of businesses does North Shore Bank typically finance?
North Shore Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, long-distance, truckload, pet care (except veterinary) services, poured concrete foundation and structure contractors, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North Shore Bank's typical SBA loan terms?
North Shore Bank's SBA 7(a) loans typically feature an average interest rate of 5.67% and average term length of 77 months (approximately 6 years). Loan sizes range from $5K to $1.5M, with an average loan size of $193K.
Do I need a business valuation for a North Shore Bank SBA loan?
Yes, North Shore Bank 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 North Shore Bank compare to other SBA lenders?
North Shore Bank has originated 101 SBA loans totaling $19.5M since 1992. 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 North Shore Bank lend in?
North Shore Bank provides SBA 7(a) financing with particularly strong presence in WI, IL. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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