Northeast Bank
Headquartered in Lewiston, ME. Analysis based on 11,775 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $1.82B.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Northeast Bank ranks #58 by charge-off rate (4.47%).
Total 7(a) loans
11,775
Total approved
$1.82B
Average loan
$154K
States funded in
51
Charge-off rate
4.47%
FY2020–FY2023 cohort
Paid-in-full rate
8.31%
Average rate
10.89%
Average term
120 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 523 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 346 |
| 484110 | General Freight Trucking, Local | 270 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 247 |
| 236118 | Residential Remodelers | 239 |
| 722513 | Limited-Service Restaurants | 233 |
| 812112 | Beauty Salons | 222 |
| 541990 | All Other Professional, Scientific, and Technical Services | 218 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 204 |
| 238990 | All Other Specialty Trade Contractors | 199 |
Top 10 states
| State | Loans |
|---|---|
| CA | 1,841 |
| FL | 1,058 |
| TX | 1,030 |
| NY | 831 |
| NJ | 526 |
| GA | 488 |
| IL | 481 |
| NC | 373 |
| PA | 359 |
| CO | 297 |
Top franchise brands financed
89 franchise loans across 54 distinct brands.
| Franchise | Loans |
|---|---|
| Burger King | 22 |
| Ace Hardware | 3 |
| Elements Massage | 3 |
| Round Table Pizza | 2 |
| Green Home Solutions | 2 |
| Drybar | 2 |
| Fatburger | 2 |
| Hamburger Stand | 2 |
| Maaco | 2 |
| Hand and Stone Massage and Fac | 2 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.