Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
SBA lender · 7(a) program
Eastern Maine Development Corporation
Eastern Maine Development Corporation has approved 117 SBA loans worth $27.9M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
#970
<0.01% of all SBA dollars
Total approved
$27.9M
FY2010 onward
Loans
117
Median loan
$200,000
+11% vs national
Median rate
5.75%
-1.00 pts vs national
Charge-off rate
6.3%
79 resolved FY10-19 loans
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.
Reading the record
What Eastern Maine Development Corporation’s numbers say
Eastern Maine Development Corporation sits in the long tail of the SBA lending field, having approved 117 loans for a gross total of $27.9M since fiscal 2010. Its median loan of $200,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 5.75%, 1.00 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 6.3% were charged off, 1.2 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 30% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally.
Where Eastern Maine Development Corporation lends
| State | Loans | Share |
|---|---|---|
| Maine | 117 |
Franchise brands Eastern Maine Development Corporation financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Best Western | 2 | $1.5M | |
| Dunkin' | 1 | $213K | |
| Napa Auto Parts | 1 | $164K | |
| Fedex Ground | 1 | $210K |
Brands with the most Eastern Maine Development Corporation SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
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.
A different SBA 7(a) lender
SmartBiz is a separate company from Eastern Maine Development Corporation. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. 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.
Questions about Eastern Maine Development Corporation
- How many SBA loans has Eastern Maine Development Corporation approved?
- Eastern Maine Development Corporation has approved 117 SBA loans totalling $27,869,700 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical Eastern Maine Development Corporation SBA loan size?
- The median gross approval is $200,000, with the middle 80% of loans falling between $90,000 and $377,000. The national median across all SBA lenders is $180,000.
- What interest rate does Eastern Maine Development Corporation charge on SBA 7(a) loans?
- The median initial note rate on Eastern Maine Development Corporation's 7(a) approvals is 5.75%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Eastern Maine Development Corporation's SBA loan charge-off rate?
- 6.3% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
Looking into a lender or broker this site does not profile? Check a business with Jid to read its public registry record.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.