Northwestern Bank, National Association
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Northwestern Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811490 | Other Personal and Household Goods Repair and Maintenance | 16 | $939K | $59K | 12.5% |
| 445320 | Other | 16 | $1.0M | $63K | 12.5% |
| 541940 | Veterinary Services | 16 | $2.6M | $163K | 12.5% |
| 311811 | Retail Bakeries | 8 | $280K | $35K | 6.3% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $800K | $100K | 6.3% |
| 451110 | Sporting Goods Stores | 8 | $1.2M | $152K | 6.3% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $2.7M | $338K | 6.3% |
| 541350 | Building Inspection Services | 8 | $1.4M | $174K | 6.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $880K | $110K | 6.3% |
| 722511 | Full-Service Restaurants | 8 | $1.8M | $223K | 6.3% |
Geographic Distribution
SBA lending activity for Northwestern Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 104 | $11.8M | 81.3% |
| North Dakota (ND) | 24 | $4.7M | 18.8% |
Why Choose Northwestern Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 128 SBA loans approved, totaling $16.6M in financing
- ✓Industry Expertise: Specialized focus on Other Personal and Household Goods Repair and Maintenance, Other, Veterinary Services
- ✓Competitive Terms: Average interest rate of 6.90% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $30K to $338K, with an average of $129K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, ND
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 Northwestern Bank, National Association SBA lending
What types of businesses does Northwestern Bank, National Association typically finance?
Northwestern Bank, National Association specializes in SBA 7(a) lending to specific industries including other personal and household goods repair and maintenance, other, veterinary services, retail bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northwestern Bank, National Association's typical SBA loan terms?
Northwestern Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 6.90% and average term length of 100 months (approximately 8 years). Loan sizes range from $30K to $338K, with an average loan size of $129K.
Do I need a business valuation for a Northwestern Bank, National Association SBA loan?
Yes, Northwestern 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 Northwestern Bank, National Association compare to other SBA lenders?
Northwestern Bank, National Association has originated 128 SBA loans totaling $16.6M 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 Northwestern Bank, National Association lend in?
Northwestern Bank, National Association provides SBA 7(a) financing with particularly strong presence in MN, ND. 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.
Get your certified valuation from Fair Market Value.