North Shore Bank of Commerce
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North Shore Bank of Commerce · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 3 | $350K | $117K | 3.8% |
| 238990 | All Other Specialty Trade Contractors | 3 | $2.4M | $810K | 3.8% |
| 722511 | Full-Service Restaurants | 3 | $795K | $265K | 3.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $343K | $114K | 3.8% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $140K | $70K | 2.5% |
| 541191 | Title Abstract and Settlement Offices | 2 | $945K | $472K | 2.5% |
| 212321 | Construction Sand and Gravel Mining | 2 | $200K | $100K | 2.5% |
| 113310 | Logging | 2 | $440K | $220K | 2.5% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $150K | $75K | 2.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $500K | $500K | 1.3% |
Geographic Distribution
SBA lending activity for North Shore Bank of Commerce by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 75 | $20.2M | 94.9% |
| Wisconsin (WI) | 4 | $2.0M | 5.1% |
Why Choose North Shore Bank of Commerce?
Based on SBA 7(a) lending track record from 1991-2023
- ✓Proven Track Record: 79 SBA loans approved, totaling $22.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, All Other Specialty Trade Contractors, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.86% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $17K to $1.6M, with an average of $280K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, WI
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 of Commerce SBA lending
What types of businesses does North Shore Bank of Commerce typically finance?
North Shore Bank of Commerce specializes in SBA 7(a) lending to specific industries including offices of chiropractors, all other specialty trade contractors, full-service restaurants, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North Shore Bank of Commerce's typical SBA loan terms?
North Shore Bank of Commerce's SBA 7(a) loans typically feature an average interest rate of 5.86% and average term length of 100 months (approximately 8 years). Loan sizes range from $17K to $1.6M, with an average loan size of $280K.
Do I need a business valuation for a North Shore Bank of Commerce SBA loan?
Yes, North Shore Bank of Commerce 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 of Commerce compare to other SBA lenders?
North Shore Bank of Commerce has originated 79 SBA loans totaling $22.1M since 1991. 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 of Commerce lend in?
North Shore Bank of Commerce provides SBA 7(a) financing with particularly strong presence in MN, WI. 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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