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

Please visit our SBA Paycheck Protection Program page, to access the application and sign up to receive additional information about the program.

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