SBA lender profile
North Shore Bank of Commerce
North Shore Bank of Commerce appears in the public SBA loan data with 40 funded 7(a) loans since FY2010, totaling $12.2M, an average of $306K per loan, and an estimated 509 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 79
- Scale 21
- Activity 25
- Consistency 64
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is North Shore Bank of Commerce the right lender for you?
Lenders fund what they know. North Shore Bank of Commerce's SBA lending concentrates in Minnesota (36 loans) and Construction (7 loans), at an average loan of $306K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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.
Metro areas where North Shore Bank of Commerce funds
What North Shore Bank of Commerce funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 7 | $3.1M |
| Retail Trade | 10 | $3.1M |
| Professional and Technical Services | 3 | $1.3M |
| Educational Services | 2 | $1.1M |
| Real Estate | 2 | $997K |
| Health Care and Social Assistance | 5 | $869K |
North Shore Bank of Commerce SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 2 | $570K |
| 2011 | 1 | $87K |
| 2012 | 2 | $130K |
| 2013 | 7 | $1.1M |
| 2014 | 3 | $1.6M |
| 2015 | 2 | $550K |
| 2016 | 1 | $300K |
| 2017 | 6 | $620K |
| 2019 | 1 | $350K |
| 2020 | 3 | $279K |
| 2021 | 7 | $4.7M |
| 2022 | 3 | $895K |
| 2023 | 2 | $1.1M |
Related SBA lenders
Other lenders active in Minnesota or in Construction.
Comparing lenders? See how to choose an SBA lender by track record.
North Shore Bank of Commerce: frequently asked questions
Does North Shore Bank of Commerce offer SBA loans?
Yes. North Shore Bank of Commerce appears in the public SBA data with 40 funded SBA 7(a) loans totaling $12.2M.
How many SBA loans has North Shore Bank of Commerce made?
North Shore Bank of Commerce is associated with 40 SBA 7(a) loans totaling $12.2M in the public SBA data (as of 2026-03-31).
What is North Shore Bank of Commerce's SBA charge-off rate?
About 0.0% of North Shore Bank of Commerce's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does North Shore Bank of Commerce do most of its SBA lending?
North Shore Bank of Commerce's SBA lending in the data is most concentrated in Minnesota, and by industry in Construction.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). North Shore Bank of Commerce SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/north-shore-bank-of-commerce/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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