Commercial Loans and Lines of Credit

Come in for a Loan. Stay for a Lifetime.

It happens often. A business comes to us for a loan and ends up a lifelong customer. That’s because they quickly appreciate the outstanding customer service we offer – service inspired by our position as a locally-owned and locally-operated financial institution. Decisions about your loan or account are made right here by people who understand you, your business and the communities in which you work.

If your business experiences variable cash flows due to seasonal demands, collection of receivables, inventory needs or that unexpected opportunity, a line of credit can work for you to help with your cash requirements. Lines of Credit provide short-term working capital and can be used for overdraft protection. Make fast and easy transfers to and from your line via on-line banking and save time with automatic deduction of your payment from your checking account.

Business Term Loans are ideal when financing is required for acquisition, expansion or replacement. They offer a wide variety of funding for purchases of equipment and vehicles, repairs or improvements, or anything you need to run your business. Offered with flexible terms at competitive rates and a repayment schedule structured to meet your cash flow.

If you’re looking to purchase a new building or facility for your business, or refinancing your current business property, North Shore Bank can help with commercial real estate loans. We offer competitive fixed or variable rates, and a variety of terms and repayment schedules tailored to meet your needs.

Commercial Construction Loans give you the capital to build the new facility or building for your expanding business or to add on to an existing structure. We offer competitive rates, and a variety of terms and repayment schedules tailored to meet your needs. Construction loans are structured to include permanent financing after construction is completed.

North Shore Bank issues Letters of Credit to help a business customer establish or maintain a relationship with vendors or suppliers. They provide you with access to credit from a vendor or supplier and provide your suppliers with added protection.

The SBA was established in 1953 to provide financial, technical and management assistance to help Americans start, run, and grow their businesses. The SBA provides loan guarantees through the “7A” program to start up a business or for expansion of an existing business and direct loans for commercial real estate through the “504” loan program. We can work with you to determine if your business qualifies for SBA financing, prepare the application package and close the loan upon SBA approval. More information about these loans and the program at

Conventional Fixed, 15 Years
Rate 3.500% | APR 3.737%
Conventional Fixed, 20 Years
Rate 3.750% | APR 3.936%
Conventional Fixed, 30 Years
Rate 4.000% | APR 4.135%
FHA, 30 Years
Rate 3.500% | APR 4.654%
VA, 30 Years
Rate 3.625% | APR 3.750%
January 17

Duluth, MN