North Shore Bank, a Co-operative Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North Shore Bank, a Co-operative Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 64 | $31.2M | $487K | 16.0% |
| 311920 | Coffee and Tea Manufacturing | 24 | $8.5M | $354K | 6.0% |
| 722511 | Full-Service Restaurants | 24 | $4.8M | $200K | 6.0% |
| 561720 | Janitorial Services | 16 | $4.0M | $250K | 4.0% |
| 238320 | Painting and Wall Covering Contractors | 16 | $4.0M | $250K | 4.0% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $6.8M | $425K | 4.0% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 16 | $2.8M | $175K | 4.0% |
| 333310 | Other | 16 | $8.3M | $520K | 4.0% |
| 238210 | Electrical Contractors | 16 | $1.2M | $75K | 4.0% |
| 312120 | Breweries | 8 | $2.9M | $360K | 2.0% |
Geographic Distribution
SBA lending activity for North Shore Bank, a Co-operative Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 400 | $110.2M | 100.0% |
Why Choose North Shore Bank, a Co-operative Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 400 SBA loans approved, totaling $110.2M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Coffee and Tea Manufacturing, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.13% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $50K to $960K, with an average of $275K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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, a Co-operative Bank SBA lending
What types of businesses does North Shore Bank, a Co-operative Bank typically finance?
North Shore Bank, a Co-operative Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, coffee and tea manufacturing, full-service restaurants, janitorial services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North Shore Bank, a Co-operative Bank's typical SBA loan terms?
North Shore Bank, a Co-operative Bank's SBA 7(a) loans typically feature an average interest rate of 6.13% and average term length of 103 months (approximately 9 years). Loan sizes range from $50K to $960K, with an average loan size of $275K.
Do I need a business valuation for a North Shore Bank, a Co-operative Bank SBA loan?
Yes, North Shore Bank, a Co-operative 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, a Co-operative Bank compare to other SBA lenders?
North Shore Bank, a Co-operative Bank has originated 400 SBA loans totaling $110.2M 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 North Shore Bank, a Co-operative Bank lend in?
North Shore Bank, a Co-operative Bank provides SBA 7(a) financing with particularly strong presence in MA. 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.
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Professional valuations are often required for SBA loans over $250,000.
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