Exclusive rates. Extended terms.
And the dedication that comes from serving your community for 70+ years.
Key Features:
- Competitive Rates
- Flexible Terms
- Quick Decisions
- 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
- Commercial real estate purchase
- 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
*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.
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
Community Development Loans
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