Maine · Finance & Insurance
SBA loans for finance & insurance in Maine
61 loans worth $13.1M approved since FY2010 for finance and insurance projects located in Maine.
Loans
61
Approved
$13.1M
Median loan
$115,000
-43% vs sector nationally
Median rate
6.13%
Jobs supported
233
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 finance & insurance in Maine
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 7 | $2.8M | |
| Byline Bank | 4 | $2.5M | |
| Live Oak Banking Company | 4 | $1.9M | |
| Pathward | 2 | $815K | |
| Bar Harbor Bank & Trust | 1 | $760K | |
| Empeople Credit Union | 7 | $727K | |
| Northeast Bank | 4 | $590K | |
| TD Bank | 11 | $562K |
Detail
Which industries inside the sector
All SBA lending in Maine
6,353 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Maine?
- 61 SBA loans totalling $13,138,800 have been approved for finance and insurance projects in Maine since FY2010.
- Which lenders finance finance & insurance in Maine?
- The most active by dollars approved are Granite State Economic Development Corporation, Byline Bank, Live Oak Banking Company, Pathward. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Maine?
- The median approval is $115,000, 43% below the national median for this sector ($200,000).
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