Northern Bank and Trust approved 47 SBA loans worth $26.3M between October 2021 and June 2026, ranking #577 of 2,283 SBA lenders nationally by loan count. Its median loan was $275,000, and 66% went to startups or businesses under two years old. It lent in 7 states, most often in Massachusetts, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 41 | $24.7M | $326,000 | #37 |
| Florida | 1 | $685K | $685,000 | #308 |
| Georgia | 1 | $146K | $146,500 | #252 |
| North Carolina | 1 | $180K | $180,000 | #167 |
| New Hampshire | 1 | $315K | $315,000 | #87 |
| Texas | 1 | $134K | $133,700 | #425 |
| Vermont | 1 | $205K | $204,800 | #52 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 15 | $250,000 | |
| Real estate and rental | 7 | $180,000 | |
| Other services (repair, personal care) | 5 | $750,000 | |
| Professional and technical services | 5 | $500,000 | |
| Education | 3 | $146,500 | |
| Construction | 3 | $250,000 | |
| Retail | 3 | $612,000 | |
| Manufacturing | 3 | $620,000 | |
| Arts, entertainment and recreation | 2 | $213,000 | |
| Finance and insurance | 1 | $1,540,300 |