Maine · Arts & Recreation
SBA loans for arts & recreation in Maine
212 loans worth $61.9M approved since FY2010 for arts, entertainment, and recreation projects located in Maine.
Loans
212
Approved
$61.9M
Median loan
$127,000
-44% vs sector nationally
Median rate
6.00%
Jobs supported
2,321
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 arts & recreation in Maine
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 38 | $21.0M | |
| Bangor Savings Bank | 41 | $6.1M | |
| Beacon Bank and Trust | 2 | $5.1M | |
| Newtek Small Business Finance, Inc. | 2 | $4.7M | |
| Manufacturers and Traders Trust Company | 7 | $3.2M | |
| Norway Savings Bank | 17 | $2.6M | |
| Live Oak Banking Company | 2 | $2.6M | |
| Southern Maine Finance Agency | 5 | $2.4M |
Detail
Which industries inside the sector
All SBA lending in Maine
6,353 loans across every sector.
Arts & Recreation nationally
33,312 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to arts & recreation businesses in Maine?
- 212 SBA loans totalling $61,878,800 have been approved for arts, entertainment, and recreation projects in Maine since FY2010.
- Which lenders finance arts & recreation in Maine?
- The most active by dollars approved are Granite State Economic Development Corporation, Bangor Savings Bank, Beacon Bank and Trust, Newtek Small Business Finance, Inc.. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for arts & recreation in Maine?
- The median approval is $127,000, 44% below the national median for this sector ($228,400).
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