Exclusive rates. Extended terms. And the dedication that comes from serving your community for 70+ years.

Key Features

Competitive Rates

Competitive Rates

Flexible Terms

Flexible Terms

Quick Decisions

Quick Decisions

Local Processing

Local Processing

Details

  • Available for start-up and growing businesses
  • Guaranteed in whole or in part by the SBA
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition or expansion
    • Equipment/inventory purchase
    • Working capital
    • And more
  • As an SBA Preferred Lender, we help you get a decision quickly
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish 

SBA Loan Types

  • SBA 7(a) General Small Business Loans, including CAPlines
  • SBA Certified Development Company 504 Loans for real estate and equipment
  • SBA Express Loans with an accelerated turnaround time

*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.

Details

  • Financing for local businesses and nonprofits that may not qualify for traditional loans
  • Personal service at every step
  • Competitive rates
  • Flexible terms for affordable payments
  • Guaranteed in whole or in part by the SBA
  • Originated and serviced locally by Northeast Bank

Examples

  • Minneapolis City Planning & Economic Development (CPED) 2% Loan Program
  • Metropolitan Consortium of Community Developers (MCCD) Open to Business (OTB) Lending Program
  • WomenVenture Microloans for Business
  • Loans and other banking products tailored for nonprofits and other social agencies for programs, housing and redevelopment