SBA data · Maine
SBA lending in Maine
6,353 loans worth $1.67B have been approved for Maine projects since FY2010 - the #41 state by SBA dollars, 0.3% of the national total.
State rank
#41
by dollars approved
Approved
$1.67B
FY2010 onward
Loans
6,353
Median loan
$100,000
-44% vs national
Median 7(a) rate
6.00%
Jobs supported
52,485
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Maine
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in ME | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development Corporation | $447.5M | 816 | $548,358 | |
| 2 | Bangor Savings Bank | $132.0M | 955 | $138,228 | |
| 3 | TD Bank | $89.8M | 782 | $114,854 | |
| 4 | Maine Community Bank | $80.6M | 304 | $265,218 | |
| 5 | Live Oak Banking Company | $67.0M | 61 | $1,098,025 | |
| 6 | Katahdin Trust Company | $66.0M | 338 | $195,325 | |
| 7 | Southern Maine Finance Agency | $54.0M | 114 | $473,702 | |
| 8 | KeyBank | $53.3M | 255 | $209,170 | |
| 9 | Camden National Bank | $51.7M | 304 | $170,136 | |
| 10 | Machias Savings Bank | $50.1M | 168 | $298,320 | |
| 11 | Norway Savings Bank | $45.3M | 173 | $261,883 | |
| 12 | Manufacturers and Traders Trust Company | $44.4M | 246 | $180,358 |
By sector in Maine
- Restaurants & Hotels1,084 · $398.0M
- Retail604 · $197.0M
- Health Care499 · $136.8M
- Construction694 · $130.4M
- Other Services450 · $103.8M
- Professional Services402 · $77.5M
- Real Estate200 · $74.1M
- Arts & Recreation212 · $61.9M
- Administrative & Waste314 · $59.4M
- Wholesale208 · $58.1M
- Manufacturing250 · $56.3M
- Agriculture281 · $43.1M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Maine. The final bar is a partial fiscal year.
Loan sizes in Maine
- Under $50K28%
- $50K - $150K30%
- $150K - $350K22%
- $350K - $1M14%
- $1M - $2M3%
- Over $2M2%
SBA lending in Maine: common questions
- How many SBA loans are approved in Maine?
- 6,353 SBA 7(a) and 504 loans totalling $1,670,257,500 have been approved for projects in Maine since fiscal year 2010, ranking it #41 among states and territories by dollars approved - 0.3% of all SBA lending nationally.
- Which lenders make the most SBA loans in Maine?
- By dollars approved in Maine, the most active lenders are Granite State Economic Development Corporation, Bangor Savings Bank, TD Bank, Maine Community Bank, Live Oak Banking Company. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Maine?
- The median gross approval in Maine is $100,000, 44% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $601,000.
- Do I need to use a lender based in Maine?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Maine, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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