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January 23, 2023

Northern Bank named No. 1 SBA lender in two categories

Press Release

Woburn, Massachusetts, January 4, 2023 - 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 for the second consecutive year. It also ranked first this year in SBA loans made to new businesses in the Bay State.

“Northern was built on the entrepreneurial spirit of its founders, which is why we are so proud to continue that tradition by lending to new businesses to get them up and running,” said Justin Thomas, Head of Community Lending, Vice President, Northern Bank. “And, we are very grateful for the Massachusetts District of the SBA. Because of its guidance and assistance, Northern is able to turn so many dreams into reality.”

The SBA annually 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.

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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 $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

 

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