Top Industries Financed
- Full-Service Restaurants
- Fitness and Recreational Sports Centers
- Motor Vehicle Towing
- Offices of Certified Public Accountants
- Drinking Places (Alcoholic Beverages)
Quick Summary
Northeast Bank is an SBA-approved lender headquartered in MINNEAPOLIS, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 97 SBA 7(a) loans totaling $40.1M, with an average loan size of $413K. They serve businesses across 2 states.
About Northeast Bank
Northeast Bank is an SBA-approved lender headquartered in MINNEAPOLIS, Minnesota. Since 2020, they have approved 97 SBA 7(a) loans totaling $40.1M, with an average loan size of $413K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Frequently Asked Questions
Is Northeast Bank an SBA Preferred Lender?
Yes, Northeast Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Northeast Bank approved?
According to SBA FOIA public records, Northeast Bank has approved 97 SBA 7(a) loans totaling $40.1M since 2020. Their average loan size is $413K.
What states does Northeast Bank serve?
Northeast Bank serves businesses in 2 states: Minnesota, Wisconsin.
How do I apply for an SBA loan with Northeast Bank?
To apply for an SBA 7(a) loan with Northeast Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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