The Northern Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Northern Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711110 | Theater Companies and Dinner Theaters | 1 | $200K | $200K | 2.2% |
| 484110 | General Freight Trucking, Local | 1 | $600K | $600K | 2.2% |
| 423730 | Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers | 1 | $500K | $500K | 2.2% |
| 622210 | Psychiatric and Substance Abuse Hospitals | 1 | $500K | $500K | 2.2% |
| 445292 | Confectionery and Nut Retailers | 1 | $101K | $101K | 2.2% |
| 512110 | Motion Picture and Video Production | 1 | $50K | $50K | 2.2% |
Geographic Distribution
SBA lending activity for The Northern Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 31 | $4.2M | 67.4% |
| Texas (TX) | 8 | $2.1M | 17.4% |
| Florida (FL) | 7 | $1.8M | 15.2% |
Why Choose The Northern Trust Company?
Based on SBA 7(a) lending track record from 1991-2008
- ✓Proven Track Record: 46 SBA loans approved, totaling $8.1M in financing
- ✓Industry Expertise: Specialized focus on Theater Companies and Dinner Theaters, General Freight Trucking, Local, Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 78 months
- ✓Loan Range: Loan sizes from $20K to $600K, with an average of $176K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IL, TX, FL
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 The Northern Trust Company SBA lending
What types of businesses does The Northern Trust Company typically finance?
The Northern Trust Company specializes in SBA 7(a) lending to specific industries including theater companies and dinner theaters, general freight trucking, local, warm air heating and air-conditioning equipment and supplies merchant wholesalers, psychiatric and substance abuse hospitals. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Northern Trust Company's typical SBA loan terms?
The Northern Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 78 months (approximately 7 years). Loan sizes range from $20K to $600K, with an average loan size of $176K.
Do I need a business valuation for a The Northern Trust Company SBA loan?
Yes, The Northern Trust Company 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 The Northern Trust Company compare to other SBA lenders?
The Northern Trust Company has originated 46 SBA loans totaling $8.1M 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 The Northern Trust Company lend in?
The Northern Trust Company provides SBA 7(a) financing with particularly strong presence in IL, TX, FL. 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.
Get your certified valuation from Fair Market Value.