Whether you're just starting up or expanding your business, Northstar Bank can help with our Preferred Lender status from the Small Business Administration. This status means that you have access to much faster service from lenders who have authority over loan approval — a privilege that SBA only awards to the most active lenders.
Take advantage of the many other benefits of an SBA loan — longer maturity, lower down payment, and no balloon notes. SBA loans are commonly used for equipment purchases, real estate purchases or expansion, working capital or the acquisition of a business. The maximum loan size under the SBA program is $5 million.
*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed