Is Northeast Bank a good SBA lender?

Northeast Bank has funded 17,900 SBA loans totaling $4.5B in volume across 53 states, with an average loan size of $252K. The lender's default rate is 1099.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to Northeast Bank or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at Northeast Bank?

The average SBA loan size at Northeast Bank is $252K, with a range from $256 to $5.0M. This profile suggests they are best suited for borrowers seeking mid-market business acquisitions and equipment financing.

What states does Northeast Bank lend in?

Northeast Bank actively lends across 53 states. Their highest-volume state is Texas. Other top states include Florida, California, New Jersey. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does Northeast Bank fund franchise loans?

Yes — Northeast Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is COLD STONE CREAMERY, INC., followed by MELTING POT, PETLAND, SYLVAN LEARNING CENTER. Lender-franchise familiarity matters: lenders that have closed multiple loans for a brand know the FDD inside-out, which speeds underwriting + reduces re-trade risk.

What industries does Northeast Bank prefer?

Northeast Bank's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Full-Service Restaurants, Personal Care Services, Repair & Maintenance. Borrower industry matters: matching your deal to a lender with strong recent volume in your NAICS reduces underwriting friction and improves close-rate odds.

How does PeerSense match deals to Northeast Bank?

PeerSense matches your specific SBA deal to Northeast Bank based on five factors: deal size vs lender's average + range, your industry vs lender's NAICS history, your state vs lender's geographic penetration, your franchise brand (if applicable) vs lender's brand history, and your credit + experience profile vs lender's known underwriting box. We don't sell leads — we curate fit. No retainer; lender pays referral fee at closing.

SBA LenderMaineHigh VolumeMid-Market

Northeast Bank

SBA lender based in Maine serving 53 states and 104 industries

Quick Answer

Northeast Bank has funded 17,900 SBA loans across 53 states and 104 industries. Their average loan size is $252K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against Northeast Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

53 States

National coverage

Industry Coverage

104 Industries

Diverse lending portfolio

Lending Activity

High Volume

Mid-Market focus

Top Lending States

Texas#1

Florida#2

California#3

New Jersey#4

Minnesota#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Full-Service Restaurants

NAICS 721

Personal Care Services

Why borrowers choose Northeast Bank

Northeast Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $252K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Texas. With 17,900 SBA loans funded across 53 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 1099.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against Northeast Bank and 897+ alternatives.

Recent SBA Activity at Northeast Bank

Franchise lending: Northeast Bank has funded SBA loans for multiple franchise concepts, with the highest volume in COLD STONE CREAMERY, INC., MELTING POT, and PETLAND. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.

Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Full-Service Restaurants, and Personal Care Services. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Texas, Florida, California, New Jersey, and Minnesota. Lenders typically underwrite faster in states where they already have closing comps.

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Compare Northeast Bank to Similar SBA Lenders

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About Northeast Bank SBA Lending

Northeast Bank is an SBA lender headquartered in Maine. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.

Northeast Bank serves borrowers across 53 states and 104 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether Northeast Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.

PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.

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