STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
290
2010–2025
Total Volume
$86M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
289 total segments
North Shore Bank has a strong focus on existing businesses, with 71% of their deals supporting established companies. This is beneficial if you're looking to expand or refinance an existing business rather than starting from scratch.
With an average spread of P+1.75%, North Shore Bank offers competitive pricing compared to the national median of P+2.75%. This can save you money on interest over the life of your loan.
The bank's 20% share of 504 loans indicates a balanced approach to financing, making them a good option if you're considering real estate or equipment purchases alongside your business needs.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 58 504 loans, which use fixed SBA debenture rates.
States where North Shore Bank, a Co-operative Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Administrative & Waste Services
Administrative & Waste Services
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Food & Beverage Stores
Retail Trade
Other Health Practitioners
Health Care & Social Assistance
Heavy & Civil Engineering
Construction
Other Repair & Services
Other Services
+ 7 more
All recorded SBA lending activity for North Shore Bank, a Co-operative Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Massachusetts · Administrative & Waste Services · Under $150K | 7(a) | 14 | P+2.00% | $42K | Q2 2021 |
| Massachusetts · Restaurants & Food Service · Under $150K | 7(a) | 13 | P+1.75% | $112K | Q1 2023 |
| Massachusetts · Food & Beverage Stores · Under $150K | 7(a) | 10 | P+1.50% | $81K | Q1 2018 |
| Massachusetts · Other Repair & Services · Under $150K | 7(a) | 9 | P+2.25% | $53K | Q3 2023 |
| Massachusetts · Specialty Trade Contractors · Under $150K | 7(a) | 8 | P+2.25% | $97K | Q2 2021 |
| Massachusetts · Personal Care (Salons, Spas) · Under $150K | 7(a) | 7 | P+2.75% | $67K | Q3 2024 |
| Massachusetts · Real Estate · Under $150K | 7(a) | 7 | P+1.00% | $54K | Q3 2019 |
| Massachusetts · Restaurants & Food Service · $150K – $350K | 7(a) | 7 | P+0.50% | $245K | Q1 2024 |
| Massachusetts · Other Health Practitioners · Under $150K | 7(a) | 6 | P+2.63% | $55K | Q2 2021 |
| Massachusetts · Administrative & Waste Services · $150K – $350K | 7(a) | 6 | P+2.00% | $249K | Q2 2021 |
| Massachusetts · Manufacturing · $150K – $350K | 7(a) | 6 | P+1.25% | $271K | Q4 2022 |
| Massachusetts · Specialty Trade Contractors · $150K – $350K | 504 | 6 | — | $263K | Q1 2022 |
| Massachusetts · Education · Under $150K | 7(a) | 5 | P+2.00% | $73K | Q2 2017 |
| Massachusetts · Other Health Practitioners · $150K – $350K | 7(a) | 5 | P+1.50% | $265K | Q2 2023 |
| Massachusetts · Restaurants & Food Service · $500K – $1M | 7(a) | 5 | P+2.00% | $675K | Q1 2022 |
| Massachusetts · Accounting & Tax · Under $150K | 7(a) | 5 | P+2.00% | $57K | Q1 2021 |
| Massachusetts · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $241K | Q3 2021 |
| Massachusetts · Heavy & Civil Engineering · $500K – $1M | 7(a) | 4 | P+1.88% | $668K | Q2 2012 |
| Massachusetts · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+1.63% | $394K | Q1 2022 |
| Massachusetts · Retail Trade · Under $150K | 7(a) | 4 | P+1.88% | $85K | Q1 2018 |
| Massachusetts · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+2.00% | $75K | Q3 2018 |
| Massachusetts · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+1.75% | $300K | Q2 2023 |
| Massachusetts · Wholesale Trade · $150K – $350K | 7(a) | 4 | P+2.00% | $206K | Q4 2021 |
| Massachusetts · Heavy & Civil Engineering · $150K – $350K | 7(a) | 3 | P+2.00% | $301K | Q3 2011 |
| Massachusetts · Engineering & Architecture · Under $150K | 7(a) | 3 | P+2.00% | $62K | Q1 2019 |
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Real experiences from borrowers who closed SBA loans with North Shore Bank, a Co-operative Bank.
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