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Maine · Education
SBA loans for education in Maine
65 loans worth $12.9M approved since FY2010 for educational services projects located in Maine.
Loans
65
Approved
$12.9M
Median loan
$75,000
-50% vs sector nationally
Median rate
6.38%
Jobs supported
587
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 education in Maine
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 8 | $4.4M | |
| Camden National Bank | 1 | $3.5M | |
| Bangor Savings Bank | 19 | $1.1M | |
| Citizens Bank | 2 | $740K | |
| Machias Savings Bank | 2 | $531K | |
| Eastern Maine Development Corporation | 2 | $450K | |
| TD Bank | 6 | $345K | |
| Newtek Bank | 1 | $225K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for education in Maine since FY2010 was $75,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Maine
6,353 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Maine?
- 65 SBA loans totalling $12,906,500 have been approved for educational services projects in Maine since FY2010.
- Which lenders finance education in Maine?
- The most active by dollars approved are Granite State Economic Development Corporation, Camden National Bank, Bangor Savings Bank, Citizens Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Maine?
- The median approval is $75,000, 50% below the national median for this sector ($150,000).
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