SBA lender profile
North Shore Bank of Commerce
North Shore Bank of Commerce appears in the public SBA loan data with 15 funded 7(a) loans totaling $7.0M, an average of $464K per loan, and an estimated 263 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
15
Total volume
$7.0M
Average loan size
$464K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
263
Programs
7(a)
Bank profile
via FDIC- Total assets
- $581M
- Headquarters
- Duluth, MN
- FDIC cert
- #8850
- Status
- Active
Where North Shore Bank of Commerce lends
Top states by funded SBA volume.
What North Shore Bank of Commerce funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 3 | $2.4M |
| Retail Trade | 2 | $1.2M |
| Educational Services | 1 | $995K |
| Professional and Technical Services | 1 | $948K |
| Real Estate | 1 | $447K |
| Health Care and Social Assistance | 3 | $419K |
North Shore Bank of Commerce SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 3 | $279K |
| 2021 | 7 | $4.7M |
| 2022 | 3 | $895K |
| 2023 | 2 | $1.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of North Shore Bank of Commerce's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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