SBA lending by state
SBA Lending in Maine
In Maine, SBA lenders funded 2,943 7(a) and 504 loans totaling $1.0B, an average of $353K per loan. The most active lender is Granite State Economic Development Corporation, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
2,943
Total volume
$1.0B
Average loan size
$353K
Most active SBA lenders in Maine
| Lender | Loans | Total volume |
|---|---|---|
| Granite State Economic Development Corporation | 808 | $441.6M |
| Maine Community Bank | 237 | $64.6M |
| Southern Maine Finance Agency | 110 | $50.7M |
| Bangor Savings Bank | 294 | $49.1M |
| TD Bank, National Association | 358 | $40.6M |
| Live Oak Banking Company | 28 | $37.3M |
| Katahdin Trust Company | 72 | $26.7M |
| Machias Savings Bank | 67 | $25.2M |
Top industries funded in Maine
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 594 | $290.4M |
| Retail Trade | 358 | $143.8M |
| Manufacturing | 249 | $95.0M |
| Health Care and Social Assistance | 259 | $85.6M |
| Construction | 311 | $70.7M |
| Other Services | 238 | $59.2M |
| Arts, Entertainment, Recreation | 122 | $45.6M |
| Professional and Technical Services | 183 | $45.4M |
SBA lending in Maine by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 52 | $26.4M |
| 2011 | 56 | $19.8M |
| 2012 | 42 | $16.0M |
| 2013 | 48 | $22.0M |
| 2014 | 49 | $21.3M |
| 2015 | 40 | $18.3M |
| 2016 | 59 | $26.9M |
| 2017 | 74 | $40.0M |
| 2018 | 59 | $32.0M |
| 2019 | 59 | $24.5M |
| 2020 | 275 | $70.5M |
| 2021 | 360 | $146.1M |
| 2022 | 348 | $129.7M |
| 2023 | 404 | $110.6M |
| 2024 | 421 | $118.2M |
| 2025 | 466 | $148.4M |
| 2026 | 131 | $67.3M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.