Northeast Bank’s SBA lending team has the expertise needed to help small businesses through the complexities of growth. The SBA Certified Development Company (CDC) / 504 loan program provides businesses with long-term, fixed-rate financing for major fixed assets, such as land or buildings. This includes funding to purchase real estate, improve infrastructure, and modernize or renovate existing facilities.
Features and Benefits
- 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.
Our SBA Experts
Northeast Bank is proud to offer loan programs in partnership with the U.S. Small Business Administration (SBA). As a SBA Preferred Lender, we have proven to the SBA that we have the knowledge and skills needed to effectively deliver SBA loans. With the Preferred Lender status, our nationwide lending team can process loan applications faster and help secure the credit needed to start or grow small businesses.
Meet our Team
Request an Appointment
Contact us online or contact Jonathan Smith, Director of SBA Lending, at 207.786.3245 x3267.