Northern Bank and Trust Company
Headquartered in WOBURN, MA. Analysis based on 66 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $32.2M.
Total 7(a) loans
66
Total approved
$32.2M
Average loan
$488K
States funded in
8
Charge-off rate
3.92%
FY2020–FY2023 cohort
Paid-in-full rate
35.29%
Average rate
7.36%
Average term
128 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 10 |
| 722511 | Full-Service Restaurants | 8 |
| 812199 | Other Personal Care Services | 4 |
| 611691 | Exam Preparation and Tutoring | 3 |
| 312120 | Breweries | 3 |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 3 |
| 238150 | Glass and Glazing Contractors | 2 |
| 541330 | Engineering Services | 2 |
| 541211 | Offices of Certified Public Accountants | 2 |
| 445291 | Baked Goods Stores | 2 |
Top 10 states
| State | Loans |
|---|---|
| MA | 59 |
| CT | 1 |
| GA | 1 |
| TX | 1 |
| NC | 1 |
| NH | 1 |
| VT | 1 |
| FL | 1 |
Top franchise brands financed
13 franchise loans across 7 distinct brands.
| Franchise | Loans |
|---|---|
| Code Wiz | 4 |
| Crumbl | 3 |
| SweatHouz | 2 |
| Goldfish Swim School | 1 |
| EarthWise Pet Supply | 1 |
| We Rock The Spectrum Kid's Gym | 1 |
| Schooley Mitchell | 1 |
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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.