Northeast Entrepreneur Fund, Inc.
Northeast Entrepreneur Fund, Inc. is an active SBA lender in Minnesota, a development company offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 8 Google reviews.
$37M
in SBA approvals since 2011
293
SBA loans funded
Restaurants & Food Service · General Retail · Food Manufacturing & Processing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Northeast Entrepreneur Fund, Inc.
Northeast Entrepreneur Fund, Inc. offers specialized financial solutions tailored to small businesses seeking growth capital and working capital loans. As a commercial bank, it provides a range of SBA-backed loan programs designed to support entrepreneurs in various industries. The institution focuses on fostering economic development within its community, helping small businesses access funding that might otherwise be difficult to obtain through conventional channels. With a strong history of SBA program participation, it is well-equipped to assist startups and established companies alike. The bank's team of experienced lenders works closely with clients to understand their unique needs and craft financing options that align with their business goals. Whether you're looking for a small loan or a larger approval amount, Northeast Entrepreneur Fund, Inc. is committed to facilitating business success through flexible lending solutions and personalized service. Its primary NAICS code, 532490, indicates a focus on equipment rental and leasing services, supporting a broad range of business types within that sector. The bank's commitment to community development and small business growth makes it a reliable partner for entrepreneurs across the region.
Common questions about Northeast Entrepreneur Fund, Inc.
What is this place and what can I find here?
This is a dedicated SBA lender offering financing solutions for small businesses, including loans, working capital, and equipment financing, to help entrepreneurs grow and succeed.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to meet with a lender, but walk-ins may be accommodated depending on availability. Contact the branch beforehand for the best experience.
What are the hours of operation?
The typical hours are Monday through Friday, 9 am to 5 pm, but it's best to confirm directly with the branch for specific hours or appointment availability.
Is there a fee to use this?
There are no fees for simply visiting or consulting; however, loan application and processing fees may apply during the financing process, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small businesses within its geographic region, but eligibility is based on creditworthiness and business qualification, not residency alone.
Can a non-bank entity provide financing if my personal credit score is below 640?
Yes — non-bank lenders like Northeast Entrepreneur Fund, Inc. often work with borrowers whose personal credit falls below the 640 mark that many banks treat as a floor. They tend to weigh business cash flow, time in operation, and overall fit alongside your credit score. Approval and terms still depend on your full profile, so ask Northeast Entrepreneur Fund, Inc. what minimum it looks for.
Is the loan application and validation pipeline fully digital with this provider?
Many non-bank lenders run a largely online process — application, document upload, and verification handled digitally, often with faster decisions than a traditional branch. Whether Northeast Entrepreneur Fund, Inc.'s pipeline is fully digital from start to finish depends on the provider. Check Northeast Entrepreneur Fund, Inc.'s website or ask their team how much of the process you can complete online.
Is this open on weekends?
Northeast Entrepreneur Fund, Inc. is a non-bank lender, so there is usually no branch to visit and its team generally works standard weekday hours. Many non-bank lenders do let you start or continue an application online at any time, including weekends. Check Northeast Entrepreneur Fund, Inc.'s website or call to confirm when staff are actually available.
How do I get there and where do I park?
Northeast Entrepreneur Fund, Inc. operates largely online and by phone as a non-bank lender, so most clients never need to travel to an office. If an in-person meeting is offered, Northeast Entrepreneur Fund, Inc. will share the address and parking details when you schedule. Start by reaching out using the contact information on this page.
Who owns or operates this listing?
This page is an independent directory listing for Northeast Entrepreneur Fund, Inc., an SBA-participating non-bank lender (a development company or community fund). It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Northeast Entrepreneur Fund, Inc. itself, which runs its own lending under its own ownership. If you work at Northeast Entrepreneur Fund, Inc., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Northeast Entrepreneur Fund, Inc. — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Northeast Entrepreneur Fund, Inc. before applying. If you represent Northeast Entrepreneur Fund, Inc., claim this listing to keep its information up to date.
How do I contact this listing directly?
Contact Northeast Entrepreneur Fund, Inc. by phone at (218) 623-5747 or email info@efund.org — confirm current contact details with the lender.
How do non-bank lender approval requirements differ from standard commercial institutions?
Non-bank lenders like Northeast Entrepreneur Fund, Inc. usually place more weight on business revenue, cash flow, and time in business, and less on a high personal credit score or hard collateral than a traditional bank. That can mean faster approvals and more flexibility, sometimes at a higher cost. Ask Northeast Entrepreneur Fund, Inc. what it requires and how its criteria compare for your situation.
Am I required to move my primary business checking account to this non-bank lender?
Generally no — non-bank lenders typically do not hold deposit accounts, so Northeast Entrepreneur Fund, Inc. usually cannot and will not require you to move your business checking to them, and you keep your existing bank for day-to-day banking. A deposit-relationship requirement is far more common at traditional banks, but confirm the specifics with Northeast Entrepreneur Fund, Inc..
Do non-bank options favor asset-light tech fields or online retail brands?
Many non-bank and online lenders are comfortable with asset-light businesses — software, services, e-commerce, and online retail — because they underwrite on cash flow and revenue rather than physical collateral. That said, Northeast Entrepreneur Fund, Inc. sets its own focus and may serve a broad mix of industries. Ask Northeast Entrepreneur Fund, Inc. whether your field and business model fit what it typically funds.
What interest rate structures should I expect from a non-bank financing provider?
Non-bank financing can come as fixed or variable term loans, lines of credit, or revenue-based structures, and rates are often higher than a traditional SBA bank loan to reflect faster funding and looser criteria. The cost may be quoted as an APR or a factor rate. Ask Northeast Entrepreneur Fund, Inc. for the full APR and total repayment amount so you can compare offers fairly.
Can I refinance high-cost merchant cash advances into a term loan with this lender?
Refinancing or consolidating expensive merchant cash advances into a lower-cost term loan is a common goal, and some non-bank lenders and SBA programs allow it when the numbers support it. Eligibility depends on your cash flow and the existing debt. Ask Northeast Entrepreneur Fund, Inc. whether it refinances merchant cash advances and what it would take to qualify.
Do they allow seller notes to count toward the required borrower equity injection?
In many SBA-backed deals a seller note can count toward part of the borrower's required equity injection, often when it is placed on full standby for a set period. Whether Northeast Entrepreneur Fund, Inc. permits this, and on what terms, depends on the lender and the SBA rules in play. Confirm with Northeast Entrepreneur Fund, Inc. how it treats seller notes in your specific deal.
Do they offer international trade or export loan programs?
Some lenders take part in SBA export and trade programs such as the Export Working Capital Program or the International Trade Loan, which support businesses that sell abroad. Availability varies and not every non-bank lender offers them. If you export or plan to, ask Northeast Entrepreneur Fund, Inc. whether it offers export or international trade financing.
What happens if the primary business asset valuation comes back lower than the contracted purchase price?
If an appraisal or valuation comes in below the agreed purchase price, the gap usually has to be covered — by renegotiating the price, the buyer adding more cash, or the seller carrying a larger note — because lenders generally lend against the lower of cost or appraised value. Ask Northeast Entrepreneur Fund, Inc. how it handles a valuation shortfall before you commit.
