Northeast Entrepreneur Fund, Inc.
Headquartered in Duluth, MN. Analysis based on 157 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $15.7M.
Total 7(a) loans
157
Total approved
$15.7M
Average loan
$100K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
65.79%
Average rate
6.25%
Average term
167 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 19 |
| 722513 | Limited-Service Restaurants | 7 |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 6 |
| 812112 | Beauty Salons | 5 |
| 722410 | Drinking Places (Alcoholic Beverages) | 5 |
| 237990 | Other Heavy and Civil Engineering Construction | 4 |
| 812199 | Other Personal Care Services | 4 |
| 312120 | Breweries | 4 |
| 451110 | Sporting Goods Stores | 3 |
| 531190 | Lessors of Other Real Estate Property | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 135 |
| WI | 22 |
Top franchise brands financed
4 franchise loans across 1 distinct brands.
| Franchise | Loans |
|---|---|
| Snap Fitness | 4 |
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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.