Northeast Security Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northeast Security Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 111998 | All Other Miscellaneous Crop Farming | 2 | $419K | $210K | 7.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $57K | $57K | 3.8% |
| 325998 | All Other Miscellaneous Chemical Product and Preparation Manufacturing | 1 | $650K | $650K | 3.8% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $82K | $82K | 3.8% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $415K | $415K | 3.8% |
| 621310 | Offices of Chiropractors | 1 | $99K | $99K | 3.8% |
| 424440 | Poultry and Poultry Product Merchant Wholesalers | 1 | $307K | $307K | 3.8% |
| 711510 | Independent Artists, Writers, and Performers | 1 | $5K | $5K | 3.8% |
| 811111 | General Automotive Repair | 1 | $100K | $100K | 3.8% |
Geographic Distribution
SBA lending activity for Northeast Security Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 26 | $3.8M | 100.0% |
Why Choose Northeast Security Bank?
Based on SBA 7(a) lending track record from 1991-2012
- ✓Proven Track Record: 26 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Crop Farming, Drinking Places (Alcoholic Beverages), All Other Miscellaneous Chemical Product and Preparation Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $5K to $650K, with an average of $146K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Security Bank SBA lending
What types of businesses does Northeast Security Bank typically finance?
Northeast Security Bank specializes in SBA 7(a) lending to specific industries including all other miscellaneous crop farming, drinking places (alcoholic beverages), all other miscellaneous chemical product and preparation manufacturing, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northeast Security Bank's typical SBA loan terms?
Northeast Security Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 101 months (approximately 8 years). Loan sizes range from $5K to $650K, with an average loan size of $146K.
Do I need a business valuation for a Northeast Security Bank SBA loan?
Yes, Northeast Security 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 Security Bank compare to other SBA lenders?
Northeast Security Bank has originated 26 SBA loans totaling $3.8M 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 Northeast Security Bank lend in?
Northeast Security Bank provides SBA 7(a) financing with particularly strong presence in IA. 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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