Northeast Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northeast Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 4,184 | $676.4M | $162K | 4.4% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 2,768 | $364.5M | $132K | 2.9% |
| 484110 | General Freight Trucking, Local | 2,160 | $276.8M | $128K | 2.3% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 1,976 | $380.8M | $193K | 2.1% |
| 236118 | Residential Remodelers | 1,912 | $291.2M | $152K | 2.0% |
| 722513 | Limited-Service Restaurants | 1,864 | $258.5M | $139K | 2.0% |
| 812112 | Beauty Salons | 1,776 | $178.3M | $100K | 1.9% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1,744 | $272.0M | $156K | 1.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1,632 | $316.7M | $194K | 1.7% |
| 238990 | All Other Specialty Trade Contractors | 1,592 | $269.3M | $169K | 1.7% |
Geographic Distribution
SBA lending activity for Northeast Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 14,728 | $2.46B | 15.6% |
| Florida (FL) | 8,464 | $1.32B | 9.0% |
| Texas (TX) | 8,240 | $1.25B | 8.7% |
| New York (NY) | 6,648 | $1.13B | 7.1% |
| New Jersey (NJ) | 4,208 | $610.2M | 4.5% |
| Illinois (IL) | 3,848 | $595.8M | 4.1% |
| Georgia (GA) | 3,904 | $555.5M | 4.1% |
| Minnesota (MN) | 1,744 | $460.4M | 1.9% |
| Pennsylvania (PA) | 2,872 | $434.6M | 3.0% |
| North Carolina (NC) | 2,984 | $420.6M | 3.2% |
| Colorado (CO) | 2,376 | $375.3M | 2.5% |
| Washington (WA) | 2,128 | $319.6M | 2.3% |
| Virginia (VA) | 2,280 | $318.1M | 2.4% |
| Maryland (MD) | 1,936 | $303.3M | 2.1% |
| Arizona (AZ) | 2,016 | $284.3M | 2.1% |
| Michigan (MI) | 1,952 | $271.6M | 2.1% |
| Massachusetts (MA) | 1,904 | $267.9M | 2.0% |
| Ohio (OH) | 1,904 | $261.3M | 2.0% |
| Tennessee (TN) | 1,552 | $210.0M | 1.6% |
| Alabama (AL) | 1,128 | $169.1M | 1.2% |
| Louisiana (LA) | 1,272 | $165.5M | 1.4% |
| Nevada (NV) | 1,208 | $164.6M | 1.3% |
| Oregon (OR) | 1,248 | $162.9M | 1.3% |
| Indiana (IN) | 1,152 | $159.9M | 1.2% |
| Utah (UT) | 824 | $151.1M | 0.9% |
| South Carolina (SC) | 1,080 | $146.4M | 1.1% |
| Connecticut (CT) | 936 | $137.2M | 1.0% |
| Wisconsin (WI) | 976 | $133.4M | 1.0% |
| Kentucky (KY) | 896 | $129.2M | 1.0% |
| Missouri (MO) | 952 | $118.9M | 1.0% |
| Oklahoma (OK) | 600 | $107.5M | 0.6% |
| Kansas (KS) | 568 | $78.0M | 0.6% |
| New Hampshire (NH) | 352 | $68.2M | 0.4% |
| Hawaii (HI) | 456 | $66.8M | 0.5% |
| Mississippi (MS) | 584 | $65.4M | 0.6% |
| Maine (ME) | 352 | $58.8M | 0.4% |
| Delaware (DE) | 376 | $57.2M | 0.4% |
| Arkansas (AR) | 376 | $55.0M | 0.4% |
| Iowa (IA) | 384 | $53.0M | 0.4% |
| Nebraska (NE) | 280 | $51.0M | 0.3% |
| Montana (MT) | 288 | $46.0M | 0.3% |
| Idaho (ID) | 296 | $44.2M | 0.3% |
| Wyoming (WY) | 304 | $43.8M | 0.3% |
| Rhode Island (RI) | 256 | $38.7M | 0.3% |
| New Mexico (NM) | 320 | $37.8M | 0.3% |
| District of Columbia (DC) | 168 | $32.2M | 0.2% |
| West Virginia (WV) | 192 | $30.7M | 0.2% |
| South Dakota (SD) | 216 | $30.1M | 0.2% |
| North Dakota (ND) | 128 | $24.9M | 0.1% |
| Alaska (AK) | 168 | $22.6M | 0.2% |
| Vermont (VT) | 176 | $20.6M | 0.2% |
Why Choose Northeast Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 94,200 SBA loans approved, totaling $14.52B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, General Freight Trucking, Long Distance, Truckload, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 10.89% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $7K to $3.7M, with an average of $154K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in CA, FL, TX
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 Northeast Bank SBA lending
What types of businesses does Northeast Bank typically finance?
Northeast Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, general freight trucking, long distance, truckload, general freight trucking, local, new single-family housing construction (except operative builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northeast Bank's typical SBA loan terms?
Northeast Bank's SBA 7(a) loans typically feature an average interest rate of 10.89% and average term length of 120 months (approximately 10 years). Loan sizes range from $7K to $3.7M, with an average loan size of $154K.
Do I need a business valuation for a Northeast Bank SBA loan?
Yes, Northeast 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 Northeast Bank compare to other SBA lenders?
Northeast Bank has originated 94,200 SBA loans totaling $14.52B 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 Northeast Bank lend in?
Northeast Bank provides SBA 7(a) financing with particularly strong presence in CA, FL, TX, NY, NJ. 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?
Professional valuations are often required for SBA loans over $250,000.
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