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January 20, 2022
Northern Bank named #1 SBA Lender in Massachusetts to the accommodations industry
Woburn, Massachusetts, Jan. 20, 2022 – Northern Bank, a full-service community and business bank, has been named by the U.S. Small Business Administration (SBA) as the top lender in Massachusetts to small businesses in the accommodations industry.
Northern Bank ranked first in SBA loans made to Massachusetts restaurants, which is considered part of the accommodations industry.
“We believe in helping entrepreneurs build successful businesses that strengthen the communities we serve and stimulate the local economy,” said Justin Thomas, Commercial Loan Officer and Assistant Vice President, Northern Bank. “Thank you to the SBA for helping us make local restaurateurs’ dreams a reality. From food trucks to fine dining, we are proud to serve restaurants of all kinds.”
The SBA issues its rankings based on the number of loans originated by banks in the SBA fiscal year, which runs from October 1 to September 30 of the following year.
During that time, more than 33 percent of all Northern Bank’s SBA loans went to the accommodations industry.
About Northern Bank
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers’ lives and businesses grow. From deposit products to loans to payment and collections services, we work hands on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
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About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
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