GOOD
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
125
2017–2026
Total Volume
$68M
Gross loan amounts
States Active
8
With recorded loans
Programs
7(a) & 504
125 total segments
Northern Bank and Trust Company has a strong focus on startups, with 49% of their deals going to new businesses. This could be beneficial if you're looking to launch a new venture.
With an average 7(a) spread of P+2.54%, Northern Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of the loan.
The lender's growth trend shows a significant decline of 50% year-over-year in deal volume, which may indicate a tightening of lending criteria. This could make it more challenging to secure a loan.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 24 504 loans, which use fixed SBA debenture rates.
States where Northern Bank and Trust Company has recorded SBA lending activity.
+ 3 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Education
Education
Administrative & Waste Services
Administrative & Waste Services
Real Estate
Real Estate
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Food & Beverage Stores
Retail Trade
Personal Care (Salons, Spas)
Other Services
+ 7 more
All recorded SBA lending activity for Northern Bank and Trust Company, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Massachusetts · Restaurants & Food Service · $150K – $350K | 7(a) | 12 | P+2.75% | $275K | Q3 2024 |
| Massachusetts · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.63% | $99K | Q3 2022 |
| Massachusetts · Restaurants & Food Service · $1M – $2M | 7(a) | 5 | P+2.75% | $1.3M | Q2 2022 |
| Massachusetts · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+1.75% | $725K | Q3 2025 |
| Massachusetts · Personal Care (Salons, Spas) · $500K – $1M | 7(a) | 3 | P+2.50% | $738K | Q4 2025 |
| Massachusetts · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.75% | $83K | Q4 2021 |
| Massachusetts · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.25% | $279K | Q4 2021 |
| Massachusetts · Real Estate · $150K – $350K | 7(a) | 2 | P+1.75% | $179K | Q2 2025 |
| Massachusetts · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.75% | $258K | Q3 2021 |
| Massachusetts · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $270K | Q3 2021 |
| Massachusetts · Manufacturing · $350K – $500K | 504 | 2 | — | $428K | Q3 2021 |
| Massachusetts · Administrative & Waste Services · Under $150K | 7(a) | 2 | P+2.75% | $121K | Q3 2021 |
| Massachusetts · Food & Beverage Stores · $1M – $2M | 7(a) | 2 | P+1.88% | $1.8M | Q1 2025 |
| Massachusetts · Administrative & Waste Services · $500K – $1M | 7(a) | 2 | P+2.75% | $665K | Q1 2019 |
| Massachusetts · Education · Under $150K | 7(a) | 2 | P+2.50% | $113K | Q3 2020 |
| Massachusetts · Education · $150K – $350K | 7(a) | 2 | P+2.75% | $225K | Q1 2020 |
| Massachusetts · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 2 | P+2.75% | $288K | Q3 2022 |
| Massachusetts · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+2.75% | $75K | Q4 2020 |
| Massachusetts · Administrative & Waste Services · $150K – $350K | 504 | 2 | — | $312K | Q4 2020 |
| Massachusetts · Other Repair & Services · $500K – $1M | 504 | 2 | — | $742K | Q2 2022 |
| Massachusetts · Laundry & Dry Cleaning · Under $150K | 7(a) | 2 | P+2.63% | $98K | Q3 2020 |
| Massachusetts · Legal Services · Under $150K | 7(a) | 2 | P+2.75% | $80K | Q2 2020 |
| Massachusetts · Real Estate · Under $150K | 7(a) | 2 | P+2.38% | $124K | Q1 2023 |
| Massachusetts · Personal Care (Salons, Spas) · $2M – $5M | 7(a) | 1 | P+2.75% | $2.5M | Q3 2024 |
| Massachusetts · Laundry & Dry Cleaning · $150K – $350K | 7(a) | 1 | P+3.00% | $262K | Q3 2019 |
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