Lenders › Northeast Bank
7(a) lenderLewiston, MaineFDIC-insured bank4th of 2,184 by approvals
Northeast Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2021 to FY2025 SBA approved 10,903 7(a) loans, worth $1.63bn, through Northeast Bank of Lewiston, Maine, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 4th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 7,800 approvals totalling $1.31bn, up 206% on FY2024 (2,552). FY2026 to 30 Jun 2026 adds 2,645 more.
The median approval was $106K, against $190K for the 7(a) program as a whole; 68.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 51 states and territories and 1,315 counties, led by California (15.7%), Florida (9.0%) and Texas (8.6%). The largest industry group was construction at 14.3% of approvals, and 0.7% of approvals were to franchise businesses.
Of 2,497 disbursed loans approved in FY2010 to FY2021, SBA records 319 as charged off (12.8%), 876 as paid in full and 1,302 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 2,645 | $497M | $150K | $188K | 18,558 |
| FY2025 | 7,800 | $1.31bn | $147K | $168K | 54,297 |
| FY2024 | 2,552 | $289M | $50K | $113K | 14,734 |
| FY2023 | 448 | $31.7M | $50K | $71K | 4,004 |
| FY2022 | 103 | $2.8M | $25K | $28K | 700 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 9 | $3.8M | $150K | $422K | 53 |
| FY2019 | 517 | $94.2M | $150K | $182K | 1,956 |
| FY2018 | 902 | $159M | $125K | $177K | 3,555 |
| FY2017 | 539 | $121M | $150K | $225K | 2,848 |
| FY2016 | 233 | $88.4M | $150K | $380K | 1,919 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 2,200 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 2,547 | 79,249 | 639,905 |
| Cancelled or never disbursed | 50 | 10,102 | 79,313 |
| Disbursed loans | 2,497 | 69,147 | 560,592 |
| Paid in full | 876 | 52,688 | 435,813 |
| Charged off | 319 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 1,302 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 12.8% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.5% | 1.5% | 2.5% |
| Dollars charged off | $26.5M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 0 | 0 | 0 | — | 2.8% |
| FY2020 | 9 | 2 | 0 | — | 4.0% |
| FY2019 | 516 | 121 | 76 | 14.7% | 6.7% |
| FY2018 | 902 | 181 | 136 | 15.1% | 7.9% |
| FY2017 | 533 | 161 | 56 | 10.5% | 7.7% |
| FY2016 | 221 | 149 | 28 | 12.7% | 7.2% |
| FY2015 | 157 | 130 | 12 | 7.6% | 6.9% |
| FY2014 | 48 | 40 | 2 | 4.2% | 6.4% |
| FY2013 | 29 | 22 | 1 | — | 6.0% |
| FY2012 | 9 | 8 | 1 | — | 6.3% |
| FY2011 | 26 | 23 | 2 | — | 6.9% |
| FY2010 | 47 | 39 | 5 | 10.6% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $106K | $190K |
| Average approval | $150K | $518K |
| Approvals of $150,000 or less | 68.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 12.0% | 34.3% |
| Approvals to franchise businesses | 0.7% | 11.5% |
| Jobs supported per approval, as reported | 6.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 12.8% | 6.6% |
States served
| # | State of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,713 | $281M | 15.7% | |
| 2 | Florida | 976 | $150M | 9.0% | |
| 3 | Texas | 943 | $140M | 8.6% | |
| 4 | New York | 760 | $127M | 7.0% | |
| 5 | New Jersey | 493 | $70.4M | 4.5% | |
| 6 | Georgia | 463 | $64.2M | 4.2% | |
| 7 | Illinois | 452 | $68.9M | 4.1% | |
| 8 | North Carolina | 348 | $48.7M | 3.2% | |
| 9 | Pennsylvania | 341 | $51.0M | 3.1% | |
| 10 | Colorado | 274 | $42.6M | 2.5% | |
| 11 | Virginia | 269 | $37.2M | 2.5% | |
| 12 | Washington | 252 | $37.2M | 2.3% |
In California the lender accounts for 4.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (1,315 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 531 | $91.3M | 4.9% | |
| 2 | Cook County, IL | 222 | $35.0M | 2.0% | |
| 3 | Miami-Dade County, FL | 197 | $32.7M | 1.8% | |
| 4 | Maricopa County, AZ | 187 | $26.9M | 1.7% | |
| 5 | Orange County, CA | 178 | $33.5M | 1.6% | |
| 6 | San Diego County, CA | 159 | $21.4M | 1.5% | |
| 7 | Harris County, TX | 139 | $19.7M | 1.3% | |
| 8 | New York County, NY | 136 | $22.1M | 1.2% | |
| 9 | Broward County, FL | 133 | $23.9M | 1.2% | |
| 10 | Clark County, NV | 111 | $14.9M | 1.0% | |
| 11 | Kings County, NY | 106 | $19.0M | 1.0% | |
| 12 | San Bernardino County, CA | 100 | $12.9M | 0.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 1,560 | 14.3% | |
| 2 | Professional, Scientific, and Technical Services | 1,531 | 14.0% | |
| 3 | Retail Trade | 1,254 | 11.5% | |
| 4 | Transportation and Warehousing | 987 | 9.1% | |
| 5 | Health Care and Social Assistance | 946 | 8.7% | |
| 6 | Accommodation and Food Services | 912 | 8.4% | |
| 7 | Other Services (except Public Administration) | 892 | 8.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 581 | 5.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 747 | 6.9% | |
| 2 | General Freight TruckingNAICS 4841 | 632 | 5.8% | |
| 3 | Residential Building ConstructionNAICS 2361 | 459 | 4.2% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 394 | 3.6% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 357 | 3.3% | |
| 6 | Personal Care ServicesNAICS 8121 | 356 | 3.3% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 355 | 3.3% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 317 | 2.9% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 274 | 2.5% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 247 | 2.3% |
Approval sizes
- $50,000 or less35.0%3,811
- $50,001 to $150,00033.3%3,635
- $150,001 to $350,00025.0%2,723
- $350,001 to $1 million6.7%734
Loan terms
- Over 5 to 10 years100.0%10,901
- Over 10 to 20 years0.0%2
Age of the businesses
- Existing, more than 2 years old88.0%9,597
- New business, 2 years or less12.0%1,305
- Startup, loan funds will open the business0.0%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 10,897 | 99.9% | |
| 2 | 7a General | 6 | 0.1% |
Franchise share
74 of 10,903 approvals in FY2021–FY2025 (0.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Burger King | 22 | 0.2% | |
| 2 | Elements Massage | 3 | 0.0% | |
| 3 | Napa AutoCare Program Membership Agreement | 2 | 0.0% | |
| 4 | Hand and Stone Massage and Facial Spa | 2 | 0.0% | |
| 5 | Fatburger | 2 | 0.0% | |
| 6 | Round Table Pizza | 2 | 0.0% | |
| 7 | Hamburger Stand | 2 | 0.0% | |
| 8 | Maaco | 2 | 0.0% |
Questions and answers
How many SBA loans does Northeast Bank make?
SBA approved 7,800 7(a) loans through Northeast Bank in FY2025, worth $1.31bn, and 10,903 over FY2021 to FY2025. That ranks 4th of 2,184 active 7(a) lenders by number of approvals.
How large are Northeast Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $106K and the average $150K. The program-wide median was $190K.
What is Northeast Bank's charge-off rate?
Of 2,497 disbursed loans approved in FY2010 to FY2021, SBA records 319 as charged off (12.8%), 876 as paid in full and 1,302 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Northeast Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (747); general freight trucking (632); residential building construction (459); management, scientific, and technical consulting services (394).
Where does Northeast Bank make SBA loans?
In 51 states and territories. California 1,713, Florida 976, Texas 943, New York 760, New Jersey 493. In California it accounts for 4.9% of all 7(a) approvals.
Is Northeast Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 10,800, against 112 in the three before: rising (+9543%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error