Maine · Restaurants & Hotels
SBA loans for restaurants & hotels in Maine
1,084 loans worth $398.0M approved since FY2010 for accommodation and food services projects located in Maine.
Loans
1,084
Approved
$398.0M
Median loan
$168,500
-44% vs sector nationally
Median rate
6.00%
Jobs supported
13,983
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.
Lenders
Who lends to restaurants & hotels in Maine
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 235 | $170.0M | |
| Bangor Savings Bank | 192 | $26.7M | |
| Southern Maine Finance Agency | 42 | $21.4M | |
| Maine Community Bank | 65 | $21.0M | |
| TD Bank | 67 | $18.5M | |
| Katahdin Trust Company | 27 | $14.2M | |
| KeyBank | 40 | $10.2M | |
| Androscoggin Savings Bank | 25 | $10.1M |
Detail
Which industries inside the sector
All SBA lending in Maine
6,353 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Maine?
- 1,084 SBA loans totalling $398,005,700 have been approved for accommodation and food services projects in Maine since FY2010.
- Which lenders finance restaurants & hotels in Maine?
- The most active by dollars approved are Granite State Economic Development Corporation, Bangor Savings Bank, Southern Maine Finance Agency, Maine Community Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Maine?
- The median approval is $168,500, 44% below the national median for this sector ($300,000).
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