Recreation

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Northeast Bank has experience providing financing solutions for a wide range of recreation companies, including athletic facilities, marinas and RV parks.

Recreation companies often have very specialized real estate, and need specialized expertise from their lender to match their unique businesses. Northeast Bank can evaluate these businesses fairly and accurately so they can get the financing they need.

SBA 7(a) Loans

For acquiring and expanding a small business and real estate.

  • Loan amounts up to $5,000,000
  • Competitive interest rates available
  • Terms available up to 25 years
  • Up to 90% Loan-to-Value (LTV) allowed

SBA 504 Loans

For long-term, fixed-rate financing for major fixed assets, such as land and buildings.

  • Loan amounts up to $10,000,000
  • Fixed and variable rates available
  • Longer term financing available up to 20 years
  • Up to 90% Loan-to-Value (LTV) allowed

Our Loan Expertise Across Industries

Our decades of experience includes loans across a wide range of industries — even in perceived higher risk categories like restaurants, independent hotels, car washes and gas stations.

Request an Appointment

Contact us online or contact Jonathan Smith, Director of SBA Lending, at 207.786.3245 x3267.

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