SBADecoded
Home / By state / Maine

Geography · SBA lending record

SBA lenders in Maine

1,304 SBA 7(a) loans in the last five years, from 79 different lenders. Here is who actually lends here.

Loans, last 5 years
1,304
Lent
$341.0M
last 5 fiscal years
Active lenders
79
wrote at least one loan
Typical loan
$100k
median approved
Default rate
1.8%
nationally 2.1%

Who lends here most

last 5 fiscal years
Lender Loans in METypical loan Typical rate
TD Bank, National Association254$40kP+3.60
Bangor Savings Bank203$124kP+1.60
Maine Community Bank186$124kP+0.79
Manufacturers and Traders Trust Company71$48kP+4.14
Androscoggin Savings Bank54$108kP+0.98
KeyBank National Association50$33kP+3.46
Katahdin Trust Company · too few loans nationally for a page47$120kP+1.25
Machias Savings Bank · too few loans nationally for a page44$188kP+1.67
Kennebunk Savings Bank42$166kP+1.29
Norway Savings Bank · too few loans nationally for a page39$80kP+0.79

Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.

What gets funded here

by industry
Full-Service Restaurants
6%
Limited-Service Restaurants
4%
Landscaping Services
3%
Snack and Nonalcoholic Beverage Bars
2%
Logging
2%
Electrical Contractors and Other Wiring Installation Contractors
2%
Everything else
81%

How big the loans are

Under $150k
63%
$150k – $350k
20%
$350k – $750k
9%
$750k – $2M
6%
Over $2M
2%

If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.

Next

Compare all lenders → Check your eligibility → Find your industry →

Source SBA 7(a) FOIA Released 2026-06-30 Basis where the project is, not where the bank is

SBA lending in other states

States with comparable volume, plus the three largest markets.