SBA lender profile
Northeast Bank
Northeast Bank appears in the public SBA loan data with 12,800 funded 7(a) loans totaling $2.0B, an average of $157K per loan, and an estimated 88,024 jobs supported. Its SBA lending concentrates in California and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.3%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
12,800
Total volume
$2.0B
Average loan size
$157K
Charge-off rate
0.3%
Share of funded loans charged off
Jobs supported (reported)
88,024
Programs
7(a)
Bank profile
via FDIC- Total assets
- $838M
- Headquarters
- Minneapolis, MN
- FDIC cert
- #16659
- Status
- Active
Where Northeast Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| California | 1,999 | $341.1M |
| Florida | 1,184 | $188.3M |
| Texas | 1,140 | $175.6M |
| New York | 874 | $150.2M |
| New Jersey | 574 | $86.3M |
| Illinois | 516 | $81.1M |
What Northeast Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 1,904 | $353.2M |
| Professional and Technical Services | 1,781 | $254.9M |
| Retail Trade | 1,500 | $251.7M |
| Health Care and Social Assistance | 1,130 | $182.1M |
| Accommodation and Food Services | 1,106 | $170.0M |
| Other Services | 1,073 | $139.8M |
Northeast Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 29 | $5.9M |
| 2021 | 20 | $9.5M |
| 2022 | 114 | $11.9M |
| 2023 | 463 | $36.8M |
| 2024 | 2,567 | $293.7M |
| 2025 | 7,815 | $1.3B |
| 2026 | 1,792 | $333.9M |
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 Northeast Bank'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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