SBA lending by state
SBA Lending in Maine
In Maine, SBA lenders funded 6,262 7(a) and 504 loans since FY2010, totaling $1.6B, an average of $262K per loan. The most active lender is Bangor Savings Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Maine
Ranked by SBA loans funded in Maine since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Maine loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Maine shows “not reported,” never 0%.
See the full Maine ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 949 | $130.8M | $138K | 1.69% |
| 2 | Granite State Economic Development Corporation | 808 | $441.6M | $547K | not reported |
| 3 | TD Bank, National Association | 762 | $87.4M | $115K | 2.62% |
| 4 | Katahdin Trust Company | 336 | $65.8M | $196K | 2.38% |
| 5 | Camden National Bank | 302 | $51.3M | $170K | 1.99% |
| 6 | Maine Community Bank | 294 | $75.2M | $256K | 0.34% |
| 7 | KeyBank National Association | 254 | $53.4M | $210K | 2.76% |
| 8 | Manufacturers and Traders Trust Company | 239 | $43.9M | $183K | 3.77% |
| 9 | Norway Savings Bank | 168 | $45.0M | $268K | 0.00% |
| 10 | Machias Savings Bank | 161 | $48.5M | $302K | 3.73% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Maine
An SBA 504 project in Maine pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Maine, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Granite State Economic Development Corporation | 808 | $441.6M |
| Southern Maine Finance Agency | 110 | $50.7M |
| Eastern Maine Development Corporation | 35 | $14.0M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Maine
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,072 | $385.9M |
| Retail Trade | 897 | $241.2M |
| Manufacturing | 604 | $177.7M |
| Health Care and Social Assistance | 490 | $134.4M |
| Construction | 681 | $124.2M |
| Other Services | 439 | $102.0M |
| Professional and Technical Services | 396 | $76.8M |
| Real Estate | 194 | $72.6M |
Top cities for SBA loans in Maine
Where SBA 7(a) and 504 borrowers in Maine are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Portland | 600 | $162.0M |
| Bangor | 221 | $64.8M |
| Scarborough | 207 | $62.1M |
| South Portland | 162 | $47.1M |
| Brunswick | 127 | $43.1M |
| Biddeford | 136 | $42.1M |
| Saco | 116 | $41.5M |
| Lewiston | 118 | $39.3M |
SBA lending by metro area in Maine
Which lenders fund each Maine market, with local loan sizes and industries.
- SBA lenders in Portland, ME 3,155 loans
- SBA lenders in Bangor, ME 663 loans
- SBA lenders in Lewiston, ME 337 loans
- SBA lenders in Augusta, ME 316 loans
SBA lending in Maine by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 493 | $98.4M |
| 2011 | 392 | $81.8M |
| 2012 | 321 | $68.1M |
| 2013 | 380 | $80.1M |
| 2014 | 381 | $74.1M |
| 2015 | 487 | $84.1M |
| 2016 | 380 | $93.3M |
| 2017 | 377 | $108.5M |
| 2018 | 348 | $81.8M |
| 2019 | 298 | $78.0M |
| 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 |
SBA lending in Maine: frequently asked questions
How much SBA lending is there in Maine?
SBA lenders funded 6,262 7(a) and 504 loans totaling $1.6B in Maine in the public SBA data (as of 2026-03-31), an average of $262K per loan.
Who is the most active SBA lender in Maine?
Bangor Savings Bank is the most active SBA lender in Maine in the public data, by loans funded.
What industries get the most SBA loans in Maine?
The most-funded industry for SBA loans in Maine is Accommodation and Food Services.
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