The SBA 7(a) loan program provides businesses with capital to acquire or expand a small business. This includes funding to purchase or refinance real estate and equipment, refinance existing business debt, or deliver long-term working capital. Northeast Bank' s experienced SBA lending team is uniquely qualified to guide small business owners through the SBA 7(a) loan process and help them manage and grow their business.
Features and Benefits
- 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
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.