Northeast Bank (ME): SBA Lending Record
What SBA's own loan files show about Northeast Bank (ME) as an SBA lender, and how a lender's record bears on a feasibility study.
Northeast Bank (ME): loans and programs
$2.68 billion gross sits in 16,469 approved loans tied to Northeast Bank (ME), FY2017 to FY2026. Northeast Bank (ME) holds or held these 16,469 loans, as SBA records them. Program split at Northeast Bank (ME): 16,469 for 7(a), 0 for 504. Northeast Bank (ME) does not guarantee these 16,469 loans; SBA does. Every Northeast Bank (ME) figure here is a record, not a pledge. In SBA's file, Northeast Bank (ME) sits in ME.
Where the loans of Northeast Bank (ME) sit
Northeast Bank (ME) has 13,648 loans, of 16,469, outside the classes tracked here. Of the classes followed, Northeast Bank (ME) stands thus: Full-service restaurant (704), Limited-service restaurant (315), Beauty salon (277), Automotive mechanical repair (car and truck) (255), Child care center (180), Fitness center (145), Medical office (physicians) (123), Dental office (122), Hotel and motel (79), Grocery store (77). Marina closes the class list with 5 loans. Full-service restaurant borrowers can set a project next to 704 such loans at Northeast Bank (ME). Limited-service restaurant follows with 315 loans at Northeast Bank (ME). In Beauty salon, Northeast Bank (ME) shows 277 loans. Florida follows with 1,640 loans in the Northeast Bank (ME) record. By state, Northeast Bank (ME) begins California (2,497), Florida (1,640), Texas (1,514), New York (1,106), New Jersey (701), Georgia (660), Illinois (652), North Carolina (536). Alaska ends the state list at 25. ME is the lender state; California carries the most loans, 2,497.
Cancellation and charge-off floors for Northeast Bank (ME)
Of Northeast Bank (ME) approvals from FY2017 to FY2024, 14.7% are known cancelled, a floor, and 14.7% is the ceiling once undisbursed loans are treated as cancelled. Among FY2017 to FY2021 disbursements at Northeast Bank (ME), 14.0% carry a charge-off to date, a floor, drawn from 1,960 loans. Charged off within five years of approval, Northeast Bank (ME) stands at 3.0%. These are minimum rates for Northeast Bank (ME), for cohort loans could yet be written off after the data was cut.
Using the Northeast Bank (ME) record in a study
A study for Full-service restaurant taken to Northeast Bank (ME) has to test demand first. A study of Limited-service restaurant also weighs cost; Northeast Bank (ME) shows 315 loans there. Then comes debt service coverage: Northeast Bank (ME) shows $2.68 billion across 16,469 loans, but the coverage test is set by the project. A formal appraisal is needed too, and 277 Beauty salon loans at Northeast Bank (ME) cannot do its job. California shows 2,497 loans and Florida shows 1,640 at Northeast Bank (ME), a view by state to read against the study. Northeast Bank (ME) alone can say what it asks for. No approval is implied here, and Northeast Bank (ME) sets its own terms.
SBA loans held by Northeast Bank (ME)
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 16,469 |
|---|---|
| Gross dollars approved | $2.68 billion |
| SBA 7(a) loans | 16,469 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 14.7% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 14.7% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 14.0% |
| Charged off within five years of approval | 3.0% |
| Loans in that cohort | 1,960 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 13,648 |
| Full-service restaurant | 704 |
| Limited-service restaurant | 315 |
| Beauty salon | 277 |
| Automotive mechanical repair (car and truck) | 255 |
| Child care center | 180 |
| Fitness center | 145 |
| Medical office (physicians) | 123 |
| Dental office | 122 |
| Hotel and motel | 79 |
| Grocery store | 77 |
| Coffee shop and snack bar | 76 |
| Rehabilitation and therapy clinic | 69 |
| Liquor store | 55 |
| Data center | 44 |
| Caterers (includes banquet halls with catering staff) | 40 |
| Gas station and truck stop | 38 |
| Car wash | 31 |
| Veterinary clinic | 30 |
| Beverage manufacturing (breweries, wineries, distilleries) | 29 |
| Behavioral health and addiction treatment | 27 |
| Assisted living (without nursing care) | 25 |
| Warehouse and distribution | 20 |
| Skilled nursing | 16 |
| Hospital | 14 |
| Life science lab (research and development) | 10 |
| Marina | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| California | 2,497 |
| Florida | 1,640 |
| Texas | 1,514 |
| New York | 1,106 |
| New Jersey | 701 |
| Georgia | 660 |
| Illinois | 652 |
| North Carolina | 536 |
| Pennsylvania | 495 |
| Colorado | 411 |
| Virginia | 397 |
| Arizona | 363 |
| Massachusetts | 359 |
| Washington | 350 |
| Michigan | 345 |
| Ohio | 337 |
| Maryland | 329 |
| Tennessee | 281 |
| Indiana | 226 |
| Louisiana | 225 |
| Oregon | 216 |
| South Carolina | 205 |
| Alabama | 193 |
| Nevada | 189 |
| Wisconsin | 184 |
| Missouri | 177 |
| Minnesota | 169 |
| Connecticut | 167 |
| Kentucky | 160 |
| Utah | 137 |
| Oklahoma | 116 |
| Mississippi | 94 |
| Kansas | 87 |
| Rhode Island | 76 |
| Arkansas | 73 |
| Hawaii | 73 |
| Iowa | 70 |
| New Mexico | 69 |
| New Hampshire | 67 |
| Nebraska | 64 |
| Delaware | 62 |
| Maine | 58 |
| Idaho | 57 |
| Wyoming | 57 |
| Montana | 46 |
| District of Columbia | 36 |
| West Virginia | 35 |
| South Dakota | 33 |
| Vermont | 27 |
| Alaska | 25 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-19690.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Northeast Bank (ME) or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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