North Shore Bank, a Co-operative Bank
Headquartered in Peabody, MA. Analysis based on 50 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $13.8M.
Total 7(a) loans
50
Total approved
$13.8M
Average loan
$275K
States funded in
1
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
25.53%
Average rate
6.13%
Average term
103 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 8 |
| 311920 | Coffee and Tea Manufacturing | 3 |
| 722511 | Full-Service Restaurants | 3 |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 2 |
| 238320 | Painting and Wall Covering Contractors | 2 |
| 238210 | Electrical Contractors | 2 |
| 812910 | Pet Care (except Veterinary) Services | 2 |
| 561720 | Janitorial Services | 2 |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 1 |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 1 |
Top 10 states
| State | Loans |
|---|---|
| MA | 50 |
Top franchise brands financed
4 franchise loans across 4 distinct brands.
| Franchise | Loans |
|---|---|
| Tropical Smoothie Cafe | 1 |
| Elements Massage | 1 |
| DRIPBaR | 1 |
| The Little Gym | 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.