Northeast Bank approved 59 SBA loans worth $29.9M between October 2021 and June 2026, ranking #498 of 2,283 SBA lenders nationally by loan count. Its median loan was $245,000, and 53% went to startups or businesses under two years old. It lent in 2 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 12 | $255,000 | |
| Retail | 9 | $260,000 | |
| Transportation and warehousing | 6 | $536,500 | |
| Administrative and support services | 5 | $250,000 | |
| Professional and technical services | 5 | $95,000 | |
| Manufacturing | 5 | $360,000 | |
| Arts, entertainment and recreation | 4 | $77,500 | |
| Construction | 4 | $150,000 | |
| Other services (repair, personal care) | 4 | $186,900 | |
| Health care and social assistance | 3 | $2,329,000 |