YOU HAVE BUSINESS GOALS AND AMBITIONS.
WE HAVE A LOAN THAT GIVES YOU THE ADVANTAGE.
At Northern Bank, we do more than finance businesses — we partner with our clients to achieve their dreams. By offering SBA-backed solutions, we empower small businesses to grow and reinvest in what matters most.
Benefits of partnering with Northern Bank: How Northern Bank’s partnership with the SBA helps you manage and grow your business. Our clients benefit from the powerful combination of SBA-guaranteed business loans and Northern Bank’s extensive industry expertise.
Benefits of SBA-Guaranteed Business Loans:
Flexible terms designed for small business needs.
Lower down payments and extended repayment terms.
Northern Bank’s expertise in navigating the Certified Development Company (CDC) partnership ensures our clients receive the most advantageous terms possible.
Northern Bank’s complimentary advisory services and years of industry expertise.
NORTHERN BANK’S SBA-GUARANTEED LOAN OPTIONS
7 (a) Loans
Purpose
4Working capital, equipment purchases, business expansion, business acquisitions, partner buy-outs
4Loan amounts up to $5 million
Northern Bank Advantage
Streamlined application process and personalized guidance throughout.
504
Loans
Purpose
4Major fixed assets like real estate and equipment
Structure
Northern Bank can handle up to 50% of financing, SBA-backed CDC covers 40%, you contribute 10%.
Northern Bank Difference Expert guidance through the complex CDC partnership process.
“They
made the loan process quick and painless for us. It was a very smooth and easy experience. We never really had any worries about it, because they took care of everything.”
PAUL SWYDAN | Owner, The Silver Unicorn Bookstore | Northern Bank Customer
RESTAURANT EXPANSION SUCCESS STORY: A PARTNERSHIP BUILT ON UNDERSTANDING
$1.7MM SBA 7(a) Loan, 10-Year Term
Northern Bank facilitated a $1.7MM SBA 7(a) loan enabling a thriving restaurant to secure their second location. Our approach balanced human insight with financial rigor, recognizing both the impressive revenue growth from $2MM to $4MM in just one year and the passionate entrepreneurs behind those numbers.
While other institutions might have hesitated at the collateral shortfall, Northern Bank invested time in understanding the owners’ expertise, management
approach, and customer loyalty. These conversations revealed intangible strengths that are strong performance indicators, but don’t appear on balance sheets.
This collaborative approach allowed us to develop a structured financing solution with appropriate safeguards while still honoring the owners’ entrepreneurial vision.
The result? A pathway to growth that balances prudent risk management with the recognition of proven business success.