Northern Interstate Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northern Interstate Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 212312 | Crushed and Broken Limestone Mining and Quarrying | 1 | $200K | $200K | 12.5% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $125K | $125K | 12.5% |
Geographic Distribution
SBA lending activity for Northern Interstate Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 8 | $711K | 100.0% |
Why Choose Northern Interstate Bank, National Association?
Based on SBA 7(a) lending track record from 1992-2002
- ✓Proven Track Record: 8 SBA loans approved, totaling $711K in financing
- ✓Industry Expertise: Specialized focus on Crushed and Broken Limestone Mining and Quarrying, Sporting and Athletic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $13K to $240K, with an average of $89K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Northern Interstate Bank, National Association SBA lending
What types of businesses does Northern Interstate Bank, National Association typically finance?
Northern Interstate Bank, National Association specializes in SBA 7(a) lending to specific industries including crushed and broken limestone mining and quarrying, sporting and athletic goods manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northern Interstate Bank, National Association's typical SBA loan terms?
Northern Interstate Bank, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 114 months (approximately 10 years). Loan sizes range from $13K to $240K, with an average loan size of $89K.
Do I need a business valuation for a Northern Interstate Bank, National Association SBA loan?
Yes, Northern Interstate Bank, National Association 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 Northern Interstate Bank, National Association compare to other SBA lenders?
Northern Interstate Bank, National Association has originated 8 SBA loans totaling $711K 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 Northern Interstate Bank, National Association lend in?
Northern Interstate Bank, National Association provides SBA 7(a) financing with particularly strong presence in MI. 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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Certified valuations are often required for SBA loans over $250,000.
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