With a nearly two-decade career at Minneapolis-based Northeast Bank, Andrea Murphy has developed a knack for finding loan solutions for her clients. She has partnered with the City of Minneapolis’ Two Percent Loan Program, WomenVenture loan program, and the Small Business Administration.
One example: In 2018, Murphy suggested a loan product to a nonprofit client. Other banks had told the organization it didn’t qualify for the product, but Murphy dug deeper and found that the nonprofit was indeed eligible. She went on to win approval on a tax-exempt, bank-qualified loan with an interest rate significantly below the market rate.