SBA lending by metro area
SBA lenders in Bangor, ME
Which lenders fund Bangor-area businesses, how much, and how the market compares with Maine: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Bangor area
Ranked by SBA volume funded to businesses located in the Bangor metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Machias Savings Bank | 75 | $21.4M | $285K | 1.33% |
| 2 | Bangor Savings Bank | 155 | $19.6M | $126K | 1.94% |
| 3 | Katahdin Trust Company | 43 | $19.3M | $448K | 4.65% |
| 4 | TD Bank, National Association | 91 | $13.2M | $145K | 4.40% |
| 5 | Granite State Economic Development Corporation | 21 | $10.7M | $509K | not reported |
| 6 | Eastern Maine Development Corporation | 48 | $10.2M | $213K | 7.69% |
| 7 | KeyBank National Association | 38 | $7.6M | $201K | 2.63% |
| 8 | Manufacturers and Traders Trust Company | 38 | $5.4M | $143K | 5.26% |
| 9 | Bar Harbor Bank & Trust | 24 | $5.4M | $224K | 0.00% |
| 10 | Live Oak Banking Company | 7 | $4.6M | $664K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Bangor compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Bangor area | $96K ▼ 4.0% | 5.7% ▼ 9.7 pts |
| Maine | $100K | 15.5% |
| United States | $179K | 11.2% |
What gets funded in Bangor
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 109 | $28.9M |
| Accommodation and Food Services | 68 | $21.2M |
| Health Care and Social Assistance | 70 | $18.8M |
| Manufacturing | 45 | $15.6M |
| Transportation and Warehousing | 65 | $14.5M |
| Construction | 85 | $13.7M |
| Real Estate | 20 | $11.2M |
| Other Services | 45 | $10.5M |
SBA lending in Bangor by year
Geography, precisely
"Bangor area" here means the Bangor, ME metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Penobscot County, ME. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.